OPTIONAL REDEMPTION OF THE BONDS. (a) The Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Group 1 Loans and Group 2 Loans as of the end of the prior Due Period is less than or equal to 25% of the aggregate Stated Principal Balance of the Group 1 Loans and Group 2 Loans as of the Cut-off Date and the sum of the Group 1 Original Pre-Funded Amount and Group 2 Original Pre-Funded Amount and (ii) the Payment Date occurring in April 2014. The holder of the Owner Trust Certificates, or, if there is no single holder, the majority holder of the Owner Trust Certificates, may purchase the Group 3 Bonds from the trust, effecting the early retirement of the Group 3 Bonds, on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Group 3 Loans as of the end of the prior Due Period is less than or equal to 25% of the aggregate Stated Principal Balance of the Group 3 Loans as of the Cut-off Date and (ii) the Payment Date occurring in April 2014. The purchase price for the Group 1 Bonds and Group 2 Bonds will be equal to 100% of the aggregate outstanding Bond Principal Balance of these Bonds and accrued and unpaid interest thereon (including any related Unpaid Interest Shortfall, Class 2-A Net WAC Shortfall Carry-Forward Amount and Basis Risk Shortfall Carry-Forward Amount) at the Bond Interest Rate through the date on which these Bonds are redeemed in full together with all amounts due and owing to the Indenture Trustee and the Grantor Trustee in relation to these called Bonds, plus an amount equal to any amounts owing to the Derivative Contract Counterparty under the related Derivative Contracts. The purchase price for the Group 3 Bonds will be equal to 100% of the aggregate outstanding Bond Principal Balance of the related Bonds and accrued and unpaid interest thereon (including any related Unpaid Interest Shortfall and Basis Risk Shortfall Carry-Forward Amount) at the Bond Interest Rate through the date on which these Bonds are redeemed in full together with all amounts due and owing to the Indenture Trustee and the Grantor Trustee in relation to these called Bonds, plus an amount equal to any amounts owing to the Derivative Contract Counterparty under the related Derivative Contracts.
(b) In order to exercise the foregoing option, the Issuer shall provide written notice of its exercise of ...
OPTIONAL REDEMPTION OF THE BONDS. (a) The Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the aggregate Stated Principal Balance of the Mortgage Loans as of Cut-off Date and (ii) the Payment Date in January 2014. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Indenture Trustee under this Indenture (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee) and plus an amount equal to any amounts owing to the Derivative Contract Counterparty under the Derivative Contracts.
OPTIONAL REDEMPTION OF THE BONDS. (a) On or after the Payment Date in June 2005, the Majority Certificateholder shall have the option to redeem the Bonds, other than the Class A-IO Bonds, in whole, but not in part, on any Payment Date on or after the earlier of (i) the 20% Clean-Up Call Date and (ii) the Payment Date in December 2012. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall), plus an amount sufficient to pay in full all amounts owing to the Indenture Trustee under this Indenture (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee).
OPTIONAL REDEMPTION OF THE BONDS. (a) Provided that no Issuer Event of Default has occurred and is continuing, the Issuer may, at its option, pursuant to Section 10.01 of the Standard Indenture Provisions, redeem Bonds of any Class, in whole but not in part, at the Redemption Price therefor, on any Payment Date as of which the aggregate Principal Amount of such Class is less than or equal to ___% of the initial aggregate Principal Amount thereof and in any event subject to and in accordance with Article X of the Standard Indenture Provisions.
(b) On any Redemption Date, following the payments to be made on such date pursuant to Section 14(b), the Indenture Trustee shall withdraw from the Bond Account and, subject to Section 2.07(e) of the Standard Indenture Provisions, pay to the Holders of the Bonds to be redeemed the full Principal Amount thereof, together with any unpaid interest thereon through the end of the related Interest Accrual Period.]
OPTIONAL REDEMPTION OF THE BONDS. 51 ARTICLE IX
OPTIONAL REDEMPTION OF THE BONDS. (a) Provided that no Issuer Event of Default has occurred and is continuing, the Issuer may, at its option, pursuant to Section 10.01 of the Standard Indenture Provisions, redeem Bonds of any Class (other than the Class A-2 Bonds), in whole but not in part, at the Redemption Price therefor, on any Payment Date as of which the Aggregate Principal Amount of such Class is less than 15% of the initial aggregate Principal Amount thereof and in any event subject to and in accordance with Article X of the Standard Indenture Provisions. The Class A-2 Bonds shall not be subject to optional redemption. Notwithstanding anything herein to the contrary, the Issuer may at any time irrevocably waive its right to redeem any Class of Bonds (other than the Class A-2 Bonds).
(b) On any Redemption Date, following the payments to be made on such date pursuant to Section 16(b), the Indenture Trustee shall withdraw from the Bond Account and, subject to Section 2.07(e) of the Standard Indenture Provisions, pay to the Holders of the Bonds to be redeemed the full Redemption Price therefor.
OPTIONAL REDEMPTION OF THE BONDS. Section 8.08. Pre-Funding Account. . . . . . . . . . . . 54 Section 8.09.
OPTIONAL REDEMPTION OF THE BONDS. (a) On or after the Payment Date in February 2005, the Holder of the Certificates shall have the option to redeem the Bonds, other than the Class A-IO Bonds, in whole, but not in part, on any Payment Date on or after the earlier of (i) the 20% Clean-Up Call Date and (ii) the Payment Date in August 2012. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall), plus an amount sufficient to pay in full all amounts owing to the Indenture Trustee under this Indenture (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee).
(b) In order to exercise the foregoing option, the Issuer shall provide written notice of its exercise of such option to the Indenture Trustee, the Owner Trustee and the Master Servicer at least
OPTIONAL REDEMPTION OF THE BONDS. The Bonds shall not be subject to optional redemption during the applicable Long-Term Interest Rate Period in which the Bonds are held by the Lender.
OPTIONAL REDEMPTION OF THE BONDS. The Bonds maturing on or before June 15, , will not be subject to optional redemption prior to their respective stated maturity dates. The Bonds maturing on or after June 15, , will be subject to optional redemption prior to their respective stated maturity dates, at the option of the City, from any source of available funds, as a whole or in part on any date, on or after June 15,
