Common use of Optional Prepayment Upon Certain Events Clause in Contracts

Optional Prepayment Upon Certain Events. Upon the occurrence of any of the conditions or events set forth in Section 402(d) of the Indenture, the Borrower shall have the option, with the prior written consent of the Credit Enhancer, to prepay Loan Payments, in whole or in part at any time, at the time and at the prepayment price sufficient to redeem all or a corresponding portion of the Bonds then Outstanding in accordance with said Section.