Common use of OWNER LESSOR'S RIGHT TO REDEEM LESSOR NOTES Clause in Contracts

OWNER LESSOR'S RIGHT TO REDEEM LESSOR NOTES. The Owner Lessor may, at its option, (a) with the consent of Xxxxx City, redeem any Initial Lessor Note, or any Subsequent Lessor Note, in whole or in part, in accordance with the provisions of ARTICLE IV of the Lease Indenture, and (b) without the consent of Xxxxx City, redeem any Lessor Notes in accordance with SECTION 7.1(C) hereof.

Appears in 2 contracts

Samples: Participation Agreement (Eme Homer City Generation Lp), Participation Agreement (Eme Homer City Generation Lp)

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OWNER LESSOR'S RIGHT TO REDEEM LESSOR NOTES. The Owner Lessor may, at its option, (a) with the consent of Xxxxx City, redeem any Initial Lessor Note, or any Subsequent Lessor Note, in whole or in part, in accordance with the 77 provisions of ARTICLE IV of the Lease Indenture, and (b) without the consent of Xxxxx City, redeem any Lessor Notes in accordance with SECTION 7.1(C) hereof.

Appears in 1 contract

Samples: Participation Agreement (Eme Homer City Generation Lp)

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OWNER LESSOR'S RIGHT TO REDEEM LESSOR NOTES. The Owner Lessor may, at its option, (a) with the consent of Xxxxx City, redeem any Initial Lessor Note, or any Subsequent Lessor Note, in whole or in part, in accordance with the provisions of ARTICLE Article IV of the Lease Indenture, and (b) without the consent of Xxxxx City, redeem any Lessor Notes in accordance with SECTION 7.1(CSection 7.1(c) hereof.

Appears in 1 contract

Samples: Participation Agreement (Eme Homer City Generation Lp)

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