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Common use of Partial Redemption of Bonds Clause in Contracts

Partial Redemption of Bonds. Upon surrender of any Bond redeemed in part only, the Registrar shall exchange the Bond redeemed for a new Bond of like tenor and in an Authorized Denomination without charge to the Owner in the principal amount of the portion of the Bond not redeemed. In the event of any partial redemption of a Bond which is registered in the name of Cede & Co., DTC may elect to make a notation on the Bond certificate which reflects the date and amount of the reduction in the principal amount of said Bond in lieu of surrendering the Bond certificate to the Registrar for exchange. The Issuer, the Company and the Trustee shall be fully released and discharged from all liability to the extent of payment of the redemption price for such partial redemption.

Appears in 2 contracts

Samples: Indenture of Trust (Green Plains Renewable Energy, Inc.), First Supplemental Trust Indenture (Enron Corp/Or/)

Partial Redemption of Bonds. Upon surrender of any Bond redeemed in part only, the Registrar shall exchange the Bond redeemed for a new Bond of like tenor and in an Authorized Denomination without charge to the Owner in the principal amount of the portion of the Bond not redeemed. In the event of any partial redemption of a Bond which is registered in the name of Cede & Co., DTC may elect to make a notation on the Bond certificate which reflects the date and amount of the reduction in the principal amount of said Bond in lieu of surrendering the Bond certificate to the Registrar for exchange. The Issuer, the Company and -38- Forsyth Series 1998B Trust Indenture the Trustee shall be fully released and discharged from all liability to the extent of payment of the redemption price for such partial redemption.

Appears in 1 contract

Samples: First Supplemental Trust Indenture (Enron Corp/Or/)

Partial Redemption of Bonds. Upon surrender of any Bond redeemed in part only, the Registrar shall exchange the Bond redeemed for a new Bond of like tenor and in an Authorized Denomination without charge to the Owner in the principal amount of the portion of the Bond not redeemed. In the event of any partial redemption of a Bond which is registered in the name of Cede & Co., DTC may elect to make a notation on the Bond certificate which reflects the date and amount of the reduction in the principal amount of said Bond in lieu of surrendering the Bond certificate to the Registrar for exchange. The Issuer, the Company and -38- Port of Xxxxxx Series 1998A Trust Indenture the Trustee shall be fully released and discharged from all liability to the extent of payment of the redemption price for such partial redemption.

Appears in 1 contract

Samples: Trust Indenture (Enron Corp/Or/)

Partial Redemption of Bonds. Upon surrender of any Bond redeemed in part only, the Registrar shall exchange the Bond redeemed for a new Bond of like tenor and in an Authorized Denomination without charge to the Owner holder in the principal amount of the portion of the Bond not redeemed. In the event of any partial redemption of a Bond which is registered in the name of Cede & Co.the Nominee, DTC may elect to make a notation on the Bond certificate which reflects the date and amount of the reduction in the principal amount of said Bond in lieu of surrendering the Bond certificate to the Registrar for exchange. The Issuer, the Company Trustee and the Trustee Registrar shall be fully released and discharged from all liability upon, and to the extent of of, payment of the redemption price for any partial redemption and upon the taking of all other actions required hereunder in connection with such partial redemption.

Appears in 1 contract

Samples: Indenture of Trust (El Paso Electric Co /Tx/)