Common use of Payment of Redemption Price and Accrued Interest Clause in Contracts

Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the Debt Service Fund to the extent available therein. To the extent not otherwise provided, the Company shall deposit with the Paying Agent prior to the redemption date a sufficient sum to pay the redemption price of and accrued interest on the Bonds.

Appears in 3 contracts

Samples: Loan and Trust Agreement (Teco Energy Inc), Loan and Trust Agreement (Teco Energy Inc), Loan and Trust Agreement (Tampa Electric Co)

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Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the Debt Service Fund to the extent available thereindate. To the extent not otherwise provided, the Company shall deposit with the Paying Agent Trustee prior to the redemption date a sufficient sum to pay the redemption price of and accrued interest on the Bonds.

Appears in 2 contracts

Samples: Series E Loan and Trust Agreement (North Atlantic Energy Corp /Nh), Series D Loan and Trust Agreement (North Atlantic Energy Corp /Nh)

Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the Debt Service Bond Fund to the extent available therein. To the extent not otherwise provided, the Company shall deposit with the Paying Agent Trustee prior to the redemption date a sufficient sum to pay the redemption price of and accrued interest on the Bondsinterest.

Appears in 2 contracts

Samples: Loan and Trust Agreement (Northeast Utilities System), Loan and Trust Agreement (Northeast Utilities System)

Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the applicable account within the Debt Service Fund to the extent of any available moneys therein. To the extent not otherwise provided, the Company Borrower shall deposit with the Paying Agent prior to the redemption date a sufficient sum to pay the redemption price of and accrued interest on the respective series of Bonds.

Appears in 1 contract

Samples: Mortgage, Loan and Security Agreement (Techprecision Corp)

Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the Debt Service Fund to the extent available thereindate. To the extent not otherwise provided, the Company Borrower shall deposit with the Paying Agent Trustee prior to the redemption date a sufficient sum in Eligible Funds on the redemption date to pay the redemption price of and accrued interest on the Bonds.

Appears in 1 contract

Samples: Loan and Trust Agreement (Datum Inc)

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Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the Debt Service Fund to the extent available therein. To the extent not otherwise provided, the Company Borrower shall deposit with the Paying Agent Trustee on or prior to the redemption date a sufficient sum to pay the redemption price of and accrued interest on the Bonds.

Appears in 1 contract

Samples: Loan and Trust Agreement (Central Vermont Public Service Corp)

Payment of Redemption Price and Accrued Interest. Whenever Bonds are called for redemption, the accrued interest thereon shall become due on the redemption date and shall be paid from the Debt Service Bond Fund to the extent available therein. To the extent not otherwise provided, the Company shall deposit with the Paying Agent prior to Trustee on the second Business Day preceding the redemption date a sufficient sum to pay the redemption price of and accrued interest on the Bondsinterest.

Appears in 1 contract

Samples: Loan and Trust Agreement (Northeast Utilities System)

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