Common use of Optional Redemption of Notes Clause in Contracts

Optional Redemption of Notes. The Company shall have the right, at its option, at any time and from time to time, to prepay all or any portion of the principal amount of Notes outstanding and shall, at the request of the Lessee or upon the occurrence of an event of termination as described in Section 20(a)(i) of the Lease Agreement, redeem or shall cause the Registrar to redeem the entire principal amount of the Notes outstanding (the amount so prepaid or redeemed being hereinafter referred to as the "Called Principal") at a price equal to the sum of (i) the Called Principal, (ii) interest accrued on the Called Principal through the Redemption Date (as defined below) and (iii) the Yield-Maintenance Premium, if any.

Appears in 5 contracts

Samples: Note Purchase Agreement (System Energy Resources Inc), Note Purchase Agreement (System Energy Resources Inc), Note Purchase Agreement (System Energy Resources Inc)

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