Common use of Prepayment Generally Clause in Contracts

Prepayment Generally. (a) No prepayment of the Loan, in whole or in part, may be made except as provided in Section 4.05 and Section 4.06; and (b) Upon receipt of written notice that a deposit is being made for the purpose of prepaying the Loan and thereby effecting the redemption of the Bonds, the Trustee shall take such steps as may be required under the Indenture to accomplish the redemption of the Bonds under the redemption provisions of the Indenture.

Appears in 16 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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