Common use of Prepayment and Redemption Clause in Contracts

Prepayment and Redemption. The Borrower will have the option to prepay its obligations under the Agreement at the times and in the amounts as necessary to exercise its option to cause the Bonds to be redeemed as set forth in the Indenture and in the Bonds. The Borrower will agree that it will prepay its obligations under the Agreement at the times and in the amounts as necessary to accomplish the extraordinary mandatory redemption of the Bonds as set forth in the Indenture and in the Bonds. The Authority, at the request of the Borrower, will take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the outstanding Bonds, as may be specified by the Borrower, on the date established for such redemption. Payments owed thereunder due to the early redemption of the Bonds will be paid to the Trustee on or prior to the date set for redemption thereof.

Prepayment and Redemption. The Borrower will shall have the option to prepay its obligations under the Agreement hereunder at the times and in the amounts as necessary to exercise its option to cause the Bonds to be redeemed as set forth in the Indenture and in the Bonds. The Borrower will agree hereby agrees that it will shall prepay its obligations under the Agreement hereunder at the times and in the amounts as necessary to accomplish the extraordinary mandatory redemption of the Bonds as set forth in the Indenture and in the Bonds. The Authority, at the request of the Borrower, will shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the outstanding Outstanding Bonds, as may be specified by the Borrower, on the date established for such redemption. Payments owed thereunder hereunder due to the early redemption of the Bonds will shall be paid to the Trustee on or prior to the date set for redemption thereof.

Prepayment and Redemption. The Borrower will shall have the option to prepay its obligations under the Agreement hereunder at the times and in the amounts as necessary to exercise its option to cause the Bonds to be redeemed as set forth in the Indenture and in the Bonds. The Borrower will agree hereby agrees that it will shall prepay its obligations under the Agreement hereunder at the times and in the amounts as necessary to accomplish the extraordinary mandatory redemption of the Bonds as set forth in the Indenture and in the Bonds. The Authority, at the request of the Borrower, will shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the outstanding Bonds, as may be specified by the Borrower, on the date established for such redemption. Payments owed thereunder hereunder due to the early redemption of the Bonds will shall be paid to the Trustee on or prior to the date set for redemption thereof.