Common use of Partial Redemption of Bonds Clause in Contracts

Partial Redemption of Bonds. Upon surrender of any Bond redeemed in part only, the County on behalf of the District shall execute and the Paying Agent shall authenticate and deliver to the Owner thereof, at the expense of the District, a new Bond of the same subseries in a Principal Amount equal to the unredeemed portion of the Bond surrendered.

Partial Redemption of Bonds. Upon surrender of any Bond Bonds redeemed in part only, the County on behalf of the District shall execute and the Paying Agent Trustee shall authenticate and deliver to the Owner thereof, at the expense of the DistrictCounty, a new Bond or Bonds of the same subseries authorized denominations equal in a Principal Amount equal to aggregate principal amount representing the unredeemed portion of the Bond Bonds surrendered.