Common use of Partial Redemption of Bonds Clause in Contracts

Partial Redemption of Bonds. If fewer than all of the Series 20 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the Borrower. If fewer than all of the Series 20 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or integral multiples thereof. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 Bond shall forthwith surrender such Series 20 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 Bond or Series 20 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)

Partial Redemption of Bonds. If fewer than all of the Series 20 2016 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2016 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerWLCDC. If fewer than all of the Series 20 2016 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2016 Bonds or portions of Series 20 2016 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2016 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2016 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or 100,000 and any $1 integral multiples thereofthereafter. If less than the entire principal amount of any registered Series 20 2016 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2016 Bond shall forthwith surrender such Series 20 2016 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2016 Bond or Series 20 2016 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2016 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)

Partial Redemption of Bonds. If fewer than all of the Series 20 2024A Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2024A Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2024A Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2024A Bonds or portions of Series 20 2024A Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2024A Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2024A Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 1,000 denominations and integral multiples thereofthereof until the Series 2024A Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2024A Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2024A Bond shall forthwith surrender such Series 20 2024A Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2024A Bond or Series 20 2024A Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2024 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)

Partial Redemption of Bonds. If fewer In the case of a partial redemption of Bonds when Bonds of denominations greater than $1,000 are then outstanding, then for all purposes in connection with such partial redemption, each $1,000 of face value shall be treated as though it were a separate Bond of the Series 20 Bonds at denomination of $1,000. If it is determined that one or more, but not all, of the time outstanding are $1,000 units of face value represented by any Bond is to be called for redemption, the maturities of Series 20 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the Borrower. If fewer than all of the Series 20 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or integral multiples thereof. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption intention to redeem such $1,000 unit or units (given as provided in Section 5.2 hereofby the Trustee), the Owner owner of such registered Series 20 Bond shall forthwith surrender such Series 20 Bond to the Paying Agent in exchange for Trustee (a) for payment of the redemption price of(including the premium, plus accrued if any, and interest on to the principal amount date fixed for redemption) of the $1,000 unit or units of face value called for redemption and (b) for exchange, without charge to the owner thereof, for a new Series 20 Bond or Series 20 Bonds of like series the same Series, designation, maturity and interest rate and in an any of the authorized denominations, at the option of the owner thereof, of the aggregate principal amount equal to of the unredeemed unpaid balance of the principal amount of such registered Series 20__ Bond, which shall the Bond to be issued without charge therefor; provided that so long as redeemed. If the Series 20 Bonds are held in a Book-Entry-System with a depository, owner of any such Series 20 Bonds Bond of a denomination greater than $1,000 shall fail to present such Bond to the Trustee for redemption and exchange as aforesaid, the principal amount of such Bond to be redeemed shall, nevertheless, become due and payable on the redemption date to the extent of the $1,000 unit or units of face value called for partial redemption do not need (and to that extent only); interest shall cease to accrue on the portion of the principal amount of such Bond to be presented redeemed represented by such $1,000 unit or units of face value on and after the redemption date and (funds sufficient for the payment of principal. the redemption price having been deposited with the Trustee and being available for the redemption of said unit or units on the redemption date) such Bond shall not be entitled to the benefit or security of this Indenture to the extent of the portion of its principal amount (End and accrued interest thereon after the redemption date) represented by such $1,000 unit or units of Article V)face value nor shall new Bonds be thereafter issued corresponding to said unit or units.

Partial Redemption of Bonds. If fewer than all of the Series 20 2023 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2023 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2023 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2023 Bonds or portions of Series 20 2023 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2023 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2023 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 100,000 denominations and integral multiples thereofthereof until the Series 2023 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2023 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2023 Bond shall forthwith surrender such Series 20 2023 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2023 Bond or Series 20 2023 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2023 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)

Partial Redemption of Bonds. If fewer than all of the Series 20 2020 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2020 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2020 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2020 Bonds or portions of Series 20 2020 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2020 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2020 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 1,000 denominations and integral multiples thereofthereof until the Series 2020 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2020 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2020 Bond shall forthwith surrender such Series 20 2020 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2020 Bond or Series 20 2020 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2020 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)

Partial Redemption of Bonds. If fewer Upon surrender of any Bond for redemption in part only, the City shall execute, and the Trustee shall authenticate and deliver to the owner thereof, the cost of which shall be paid by the Company, a new Bond or Bonds of the same maturity and of authorized denominations, in an aggregate principal amount equal to the unredeemed portion of the Bond surrendered; provided that the Trustee shall select Bonds for redemption so as to assure that after such redemption no Registered Owner or Owner of Beneficial Interests shall retain Bonds in authorized denominations of not less than $100,000; and provided further that, if less than all of the Series 20 Bonds at the time outstanding are an Outstanding Bond of one maturity in a book entry system is to be called for redemption, the maturities Trustee shall give notice to the Depository or the nominee of Series 20 Bonds or portions thereof the Depository that is the Holder of such Bond, and the selection of the Beneficial Interests in that Bond to be redeemed shall be selected by the Trustee at the direction sole discretion of the BorrowerDepository and its participants. In the case of a partial redemption of Bonds by lot, each unit of face value of principal thereof equal to $5,000 (each such $5,000 unit is hereinafter referred to as a "Unit") shall be treated as though it were a separate Bond in the amount of such Unit. If fewer than all it is determined that one or more, but not all, of the Series 20 Bonds within Units represented by a maturity Bond are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or integral multiples thereof. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereofof a Unit or Units of Bonds, the Owner holder of such registered Series 20 that Bond shall forthwith surrender such Series 20 the Bond to the Paying Agent in exchange for Trustee (a) for payment of the redemption price of, plus accrued interest on of the principal amount Unit or Units of Bonds called for redemption (including without limitation. the interest accrued to the date fixed for redemption and any premium), and (b) for issuance, without charge to the holder thereof, of a new Series 20 Bond or Series 20 Bonds of like series $100,000 or amounts in an aggregate excess thereof in such integrals as are permitted hereunder, aggregating a principal amount equal to the unmatured and unredeemed balance of portion of, and bearing interest at the principal amount of such registered Series 20__ Bondsame rate and maturing on the same date as, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)Bond surrendered.

Partial Redemption of Bonds. If fewer Upon surrender of any Bond for redemption in part only, the Issuer shall execute, and the Trustee shall authenticate and deliver to the owner thereof, the cost of which shall be paid by the Company, a new Bond or Bonds of the same maturity and of authorized denominations, in an aggregate principal amount equal to the unredeemed portion of the Bond surrendered; provided that the Trustee shall select Bonds for redemption so as to assure that after such redemption no Registered Owner or Owner of Beneficial Interests shall retain Bonds in authorized denominations of not less than $100,000; and provided further that, if less than all of the Series 20 Bonds at the time outstanding are an Outstanding Bond of one maturity in a book entry system is to be called for redemption, the maturities Trustee shall give notice to the Depository or the nominee of Series 20 Bonds or portions thereof the Depository that is the Holder of such Bond, and the selection of the Beneficial Interests in that Bond to be redeemed shall be selected by the Trustee at the direction sole discretion of the BorrowerDepository and its participants. In the case of a partial redemption of Bonds by lot, each unit of face value of principal thereof equal to $5,000 (each such $5,000 unit is hereinafter referred to as a "Unit") shall be treated as though it were a separate Bond in the amount of such Unit. If fewer than all it is determined that one or more, but not all, of the Series 20 Bonds within Units represented by a maturity Bond are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or integral multiples thereof. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereofof a Unit or Units of Bonds, the Owner holder of such registered Series 20 that Bond shall forthwith surrender such Series 20 the Bond to the Paying Agent in exchange for Trustee (a) for payment of the redemption price of, plus accrued interest on of the principal amount Unit or Units of Bonds called for redemption (including without limitation. the interest accrued to the date fixed for redemption and any premium), and (b) for issuance, without charge to the holder thereof, of a new Series 20 Bond or Series 20 Bonds of like series $100,000 or amounts in an aggregate excess thereof in such integrals as are permitted hereunder, aggregating a principal amount equal to the unmatured and unredeemed balance of portion of, and bearing interest at the principal amount of such registered Series 20__ Bondsame rate and maturing on the same date as, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)Bond surrendered.

Partial Redemption of Bonds. If fewer than all of the Series 20 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerIssuer. If fewer than all of the Series 20 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of [$5,000 or integral multiples thereof][$100,000 or in any integral multiples of $1,000 thereof]. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 5.3 hereof, the Owner of such registered Series 20 Bond shall forthwith surrender such Series 20 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 Bond or Series 20 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal. (End of Article V)