Common use of Optional Redemption of Bonds Clause in Contracts

Optional Redemption of Bonds. The 2022 Bonds are subject to redemption prior to maturity, at the option of the District, in whole or in part on any date on after September 1, 2032, from any source of funds at a redemption price equal to the principal amount of Bonds called for redemption, together with interest accrued thereon to the date fixed for redemption, without premium.

Optional Redemption of Bonds. The 2022 2020A Bonds are subject to redemption prior to maturity, at the option of the District, in whole or in part on any date on after September 1, 20322030, from any source of funds at a redemption price equal to the principal amount of Bonds called for redemption, together with interest accrued thereon to the date fixed for redemption, without premium.

Optional Redemption of Bonds. The 2022 2020B Bonds are subject to redemption prior to maturity, at the option of the District, in whole or in part on any date on after September 1, 20322021, from any source of funds at a redemption price equal to the principal amount of Bonds called for redemption, together with interest accrued thereon to the date fixed for redemption, without premium.plus a premium as shown in the following table: Redemption Period Redemption Premium September 1, 2021 to August 31, 2030 3% September 1, 2030 and thereafter 0