Common use of Optional Redemption by Note Issuer Clause in Contracts

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “Optional Redemption Price”). If the Note Issuer shall elect to redeem the Notes 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 Note Trustee, the Certificate Trustee, the Agencies and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer ----------------------------------- may, at its option, redeem all, but not less than all, of the Notes 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 Notes has been reduced to less than five percent of the initial principal balance thereof on any Redemption Date at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one three Business Day Days prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes of a Series (a) 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 Notes has been reduced to less than five percent of the initial principal balance thereof at thereof, or (b) if and to the extent specified in the related Trustee's Issuance Certificate or Series Supplement, if any, on any Payment Date on or prior to December 31, 2004, from the proceeds of the issuance and sale of the Notes of any other Series. In addition, a Series of Notes shall be subject to redemption if and to the extent provided in the related Trustee's Issuance Certificate or Series Supplement, if any. In no event, however, shall any Notes be redeemable unless the Rating Agency Condition shall be satisfied with respect to each Rating Agency other than Moody's, to which prior written notice of such redemption shall have been given, with respect to any Notes which remain Outstanding after such redemption. The redemption price in any case shall be equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Indenture Trustee and the Rating Agencies not later more than 50 and not less than 25 days prior to the Optional Redemption Date and shall deposit with the Note Indenture Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes 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 Note Trustee, the Certificate Trustee, the Agencies and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes 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 Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note ----------------------------------- Issuer may, at its option, redeem all, but not less than all, of the Notes 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 Notes has been reduced to less than five percent of the initial principal balance thereof on any Redemption Date at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes 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 Note Trustee, the Certificate Trustee, the Agencies Finance Authority and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes 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 Note Trustee, the Certificate TrusteeTrustees, the Agencies and Finance Authority, the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes of a Series (a) 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 Notes has been reduced to less than five percent of the initial principal balance thereof at thereof, or (b) if and to the extent specified in the related Trustee's Issuance Certificate or Series Supplement on any Payment Date from the proceeds of the issuance and sale of the Notes of any other Series. In addition, a Series of Notes shall be subject to redemption if and to the extent provided in the related Trustee's Issuance Certificate or Series Supplement. In no event, however, shall any Notes be redeemable unless the Rating Agency Condition shall be satisfied with respect to each Rating Agency other than Xxxxx'x, to which prior written notice of such redemption shall have been given, with respect to any Notes which remain Outstanding after such redemption. The redemption price in any case shall be equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Indenture Trustee and the Rating Agencies not later more than 50 and not less than 25 days prior to the Optional Redemption Date and shall deposit with the Note Indenture Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer ----------------------------------- may, at its option, redeem all, but not less than all, of the Notes 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 Notes has been reduced to less than five percent of the initial principal balance thereof on any Redemption Date at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes of a Series (a) 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 Notes has been reduced to less than five percent of the initial principal balance thereof at thereof; or (b) if and to the extent specified in the related Trust Issuance Certificate or Series Supplement, if any, on any Payment Date on or prior to December 31, 2004, from the proceeds of the issuance and sale of the Notes of any other Series. In addition, a Series of Notes shall be subject to redemption if and to the extent provided in the related Trust Issuance Certificate or Series Supplement, if any. In no event, however, shall any Notes be redeemable unless the Rating Agency Condition shall be satisfied with respect to each Rating Agency other than Moody's, to which prior written notice of such redemption shall have been given, with respect to any Notes which remain Outstanding after such redemption. The redemption price in any case shall be equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Indenture Trustee and the Rating Agencies not later more than 50 and not less than 25 days prior to the Optional Redemption Date and shall deposit with the Note Indenture Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, ---------------------------------- at its option, redeem all, but not less than all, of the Notes 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 Notes has been reduced to less than five percent of the initial principal balance thereof on any Optional Redemption Date at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect ------------------------- to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies Moody's not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes of a Series (a) 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 Notes has been reduced to less than five percent of the initial principal balance thereof at thereof; or (b) if and to the extent specified in the related Trustee's Issuance Certificate or Series Supplement, if any, on any Payment Date on or prior to December 31, 2004, from the proceeds of the issuance and sale of the Notes of any other Series. In addition, a Series of Notes shall be subject to redemption if and to the extent provided in the related Trustee's Issuance Certificate or Series Supplement, if any. The purchase price in any such case shall be equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Indenture Trustee and the Rating Agencies not more than 50 and not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Indenture Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer ---------------------------------- may, at its option, redeem all, but not less than all, of the Notes 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 Notes has been reduced to less than five percent of the initial principal balance thereof on any Redemption Date at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes of a Series (a) 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 Notes has been reduced to less than five percent of the initial principal balance thereof at thereof, or (b) if and to the extent specified in the related Trustee's Issuance Certificate or Series Supplement, if any, on any Payment Date on or prior to December 31, 2004, from the proceeds of the issuance and sale of the Notes of any other Series. In addition, a Series of Notes shall be subject to redemption if and to the extent provided in the related Trustee's Issuance Certificate or Series Supplement, if any. The purchase price in any such case shall be equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes of a Series 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 Note Trustee, the Certificate Trustee, the Agencies Indenture Trustee and the Rating Agencies not more than 50 and not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Indenture Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes of such Series pursuant to this Section 10.01.

Optional Redemption by Note Issuer. The Note Issuer may, at its option, redeem all, but not less than all, of the Notes on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon at the Note Interest Rate to the Optional Redemption Date (such price being called the “"Optional Redemption Price”"). If the Note Issuer shall elect to redeem the Notes pursuant to this Section 10.01, it shall furnish written notice (which notice shall state all items listed in 63 70 Section 10.02) of such election to the Note Trustee, the Certificate TrusteeTrustees, the Agencies and Agencies, the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Note Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Notes pursuant to this Section 10.01.