Common use of Optional Redemption of Bonds Clause in Contracts

Optional Redemption of Bonds. Permit an optional redemption of Bonds under Section 301 of the Indenture; provided, however, that if the Applicant has deposited with the Administrative Agent, the Trustee or an escrow agent pursuant to an escrow agreement in form and substance acceptable to the Administrative Agent, an amount equal to the principal amount of Bonds to be redeemed pursuant to Section 301 of the Indenture, the Banks shall consent to such optional redemption to the extent of such amounts.

Optional Redemption of Bonds. Permit an optional redemption of Bonds under Section 301 3.07(a) of the Indenture; provided, however, that if the Applicant has deposited with the Administrative Agent, the Trustee or an escrow agent pursuant to an escrow agreement in form and substance acceptable to the Administrative Agent, an amount equal to the principal amount of Bonds to be redeemed pursuant to Section 301 3.07(a) of the Indenture, the Banks shall consent to such optional redemption to the extent of such amounts.

Optional Redemption of Bonds. Permit an optional redemption of Bonds under Section 301 3.01 of the Indenture; provided, however, that if the Applicant has deposited with the Administrative Agent, the Trustee or an escrow agent pursuant to an escrow agreement in form and substance acceptable to the Administrative Agent, an amount equal to the principal amount of Bonds to be redeemed pursuant to Section 301 3.01 of the Indenture, the Banks shall consent to such optional redemption to the extent of such amounts.