Optional Redemption by Issuer. (a) To the extent and subject to the conditions specified in the related Terms Indenture, the Issuer may, at its option, redeem Bonds of any Series and Class, in whole or in part, at the applicable Redemption Price therefor, on a random lot or pro rata basis, on any date that would otherwise constitute a Payment Date, all as permitted by the related Terms Indenture. If the Issuer shall elect to redeem Bonds pursuant to this Section 10.01, subject to the applicable provisions and restrictions set forth in the related Terms Indenture, it shall furnish notice of such election to the Indenture Trustee not later than 30 days prior to the Redemption Date whereupon all such Bonds shall be due and payable and the Issuer shall furnish a notice complying with Section 10.02 to each Holder of the Class or Classes being called for redemption pursuant to this Section 10.
01. The Issuer's option to redeem Bonds shall be evidenced by an Issuer Order directing the Indenture Trustee to redeem Bonds in the aggregate Principal Amount or Notional Amount (as the case may be), on the Redemption Date and at the Redemption Price specified in such Issuer Order.
(b) Unless otherwise stated in the related Terms Indenture, the Redemption Price for any Bond of a Series to be redeemed pursuant to this Section 10.01 will be equal to 100% of the outstanding Principal Amount of such Bond, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through the end of the Interest Accrual Period relating to the Payment Date that will also constitute the Redemption Date.
(c) In the case of a redemption pursuant to this Section 10.01, unless otherwise specified in the related Terms Indenture, on or before the Business Day next preceding the date on which notice of redemption is to be given as provided in Section 10.02, the Issuer shall deposit with the Paying Agent cash or Permitted Investments, in an amount sufficient (together with any amounts then available for such purpose in the related Bond Account and/or any other Pledged Fund or Account for such Series) to provide for payment on the Redemption Date of the Redemption Price for the Bonds of such Series to be redeemed.
Optional Redemption by Issuer. The Issuer may, at its option, redeem the Transition Bonds of a Series, in whole or from time to time in part, as permitted by the related Series Supplement on any Redemption Date at a price specified in such Series Supplement (such price being called the "Redemption Price") plus interest accrued on the Transition Bonds to be redeemed to such Redemption Date. If the Issuer shall elect to redeem the Transition Bonds of a Series pursuant to this Section 10.01, it shall furnish notice of such election to the Bond Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Bond Trustee the Redemption Price of the Transition Bonds to be redeemed plus interest accrued thereon to such Redemption Date on or prior to such Redemption Date whereupon all such Transition Bonds shall be due and payable on such Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.01.
Optional Redemption by Issuer. If and to the extent provided in the related Series Supplement, and if no Interest Rate Swap Agreement with respect to any Class of that Series is in effect, the Issuer may, at its option, redeem all, but not less than all, of the Transition Bonds of a Series on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount of any such Series of Transition Bonds has been reduced to a percentage of the initial principal balance of such Series below the percentage specified in such Series Supplement. The redemption price in any case shall be equal to the outstanding principal amount of the Bonds to be redeemed plus accrued and unpaid interest thereon at the Interest Rate to the Redemption Date (the "Redemption Price"). If the Issuer elects to redeem the Transition Bonds of a Series pursuant to this Section 10.01, it shall furnish notice of such election to (a) the Trustee, not later than 25 days prior to the Redemption Date for such redemption and (b) to the Rating Agencies, not later than 10 days prior to such Redemption Date, whereupon all such Transition Bonds shall be due and payable on such Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Transition Bonds of such Series pursuant to this Section 10.01.
Optional Redemption by Issuer. 63 SECTION 10.02 Mandatory Redemption by Issuer..............................64 SECTION 10.03
Optional Redemption by Issuer. The Issuer may redeem the Bonds, in whole, at its option, without premium or penalty, only after the latest Scheduled Maturity Date for all Classes of Bonds and only if the Outstanding Amount of any such Bonds on or before the Redemption Date is less than or equal to five percent (5%) of the initial principal amount of all Bonds. The redemption price in any case shall be equal to the outstanding principal amount of the Bonds to be redeemed, plus accrued and unpaid interest thereon at the Bond Interest Rate to the Redemption Date (such price being called the “Optional Redemption Price”). The Issuer may only redeem Bonds pursuant to this Section 10.01 if the Issuer has adequate funds to do so and if such exercise would not cause the Issuer to be insolvent. If the Issuer shall elect to redeem the Bonds pursuant to this Section 10.01, it shall furnish written notice (which notice shall state all items listed in Section 10.02) of such election to the Trustee and the Rating Agencies not less than twenty-five (25) days nor more than fifty (50) days prior to the Redemption Date and shall deposit with the Trustee not later than one (1) Business Day prior to the Redemption Date the Redemption Price of the Bonds to be redeemed whereupon all such Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Bonds pursuant to this Section 10.01.
Optional Redemption by Issuer. 89 SECTION 10.02. Form of Optional Redemption or Special Redemption Notice........................................90 SECTION 10.03. Bonds Payable on Redemption Date or Special Redemption Date..........................................91 SECTION 10.04. Special Redemptions......................................91 ARTICLE XI
Optional Redemption by Issuer. The Securities of this series are subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date, but any interest installment, which is due and payable on or prior to such Redemption Date, will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates, all as provided in the Indenture. Each partial redemption payment shall be made ratably on all the Outstanding Securities of such series called for redemption.
Optional Redemption by Issuer. This Daily Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption.
Optional Redemption by Issuer. This Term Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the date fixed for redemption in such notice (the "Redemption Date"), but any interest installment, which is due and payable on or prior to such Redemption Date, will be payable to the Holder at the close of business on the relevant interest payment date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption. In the event of redemption of this Term Note in part only, a new Term Note or Term Notes for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.
Optional Redemption by Issuer. 60 SECTION 10.02.
