Prepayment of Bonds. On October 1, 1996, Borrower agrees to prepay all of the outstanding principal, accrued interest, premium and other amounts then due and payable on those certain Industrial Revenue Bonds (The Doanx Xxxducts Company Project) Series 1991, issued by the County of Pueblo, Colorado. Provided no Default or Event of Default then exists hereunder and the conditions in Section 7 have been satisfied, the Banks agree to advance $3,725,760.69 of the remaining principal balance of the Term Loan to Borrower on October 1, 1996 for purposes of making such prepayment, provided that Borrower shall cause the bond trustee to release the Bond Letter of Credit with respect thereto and to deliver to Agent for the benefit of the Banks a Full Deed of Release with respect to the First Deed of Trust securing Borrower's Pueblo, Colorado real property, and such other UCC-3 releases and other lien releases as Agent may reasonably require, and provided further that Borrower shall also execute and deliver to Agent for the benefit of each of the Banks a Deed of Trust on Borrower's Pueblo, Colorado real property, together with such UCC-1 financing statement fixture filings, assignments of leases and other documents as Agent shall reasonably require to evidence Agent's first perfected lien in such property and improvements, and Borrower shall supply to Agent for the benefit of Banks a title insurance policy for the Agent's Deed of Trust on Borrower's Pueblo, Colorado real property in form and with coverages similar to those in Agent's existing title policies on Borrower's other properties.
Prepayment of Bonds. The Department acknowledges that the Bonds are subject to prepayment at the times and in the manner set forth in the Bonds and in the Authorizing Ordinance. In addition to the principal and interest on such prepayment date, the City shall pay to the Department the amount of the Administrative Fee that has accrued on the amount prepaid from the most recent date on which any Administrative Fee was paid. Prepayment shall be applied first to the Administrative Fee, second to accrued interest on the portion of the Bonds to be redeemed, then to any redemption or prepayment premium and finally to principal.
Prepayment of Bonds. The Issuer, at the request at any time of the Lessee and if the same are then redeemable, shall forthwith take all steps that may be necessary under the applicable prepayment provisions of the Indenture to effect prepayment of all or any portion of the Bonds, as may be specified by the Lessee, on the earliest prepayment date on which such prepayment may be made under such applicable provisions of such Bonds or the Indenture. So long as the Lessee is not in default hereunder and the Issuer is not obligated to prepay the Bonds pursuant to the terms of the Indenture, the Issuer shall not redeem any Bonds prior to their maturity unless requested in writing by the Lessee. The Lessee agrees to give notice to the Issuer and the Trustee of any prepayment at least forty-five (45) days prior to the prepayment date or such shorter period of time as may be acceptable to the Issuer and the Trustee unless the holders of the Bonds waive, in writing, notice of such prepayment.
Prepayment of Bonds. The Funding Recipient hereby agrees to use its best efforts to prevent the Successor Agency to the Redevelopment Agency of the City of Seaside (the “Successor Agency”) from redeeming such entities’ outstanding Successor Agency to the Redevelopment Agency of the City of Seaside Tax Allocation Refunding Bonds, Series 2014 (the “2014 Bonds”) prior to their final stated maturity date of August 1, 2033; provided that this covenant shall not apply to bonds issued by the Successor Agency to (a) refund the 2014 Bonds (“2014 Refunding Bonds”), or (b) refund 2014 Refunding Bonds or refund any subsequent series of refunding bonds related thereto, in each case that have a final stated maturity not earlier than August 1, 2033. To that end, the Funding Recipient agrees to exercise any influence it may have over the Successor Agency or the consultants for the Successor Agency to avoid the early redemption or retirement of the 2014 Bonds except as allowed pursuant to the preceding sentence. The provisions of this Section 17 shall survive any termination of this Agreement.
Prepayment of Bonds. The Issuer, at the request at any time of the Lessee and if the same are then redeemable, shall forthwith take all steps that may be necessary under the applicable prepayment provisions of the Indenture to effect prepayment of all or any portion of the Bonds, as may be specified by the Lessee, on the earliest prepayment date on which such prepayment may be made under such applicable provisions. So long as the Lessee is not in default hereunder and the Issuer is not obligated to prepay the Bonds pursuant to the terms of the Indenture, the Issuer shall not redeem any Bonds prior to their maturity unless requested in writing by the Lessee. The Lessee agrees to give notice to the Issuer and the Trustee of any prepayment at least forty-five (45) days prior to the prepayment date or such shorter period of time as may be acceptable to the Issuer and the Trustee.
Prepayment of Bonds. No Bond may be called for redemption prior to its stated maturity except as provided in the Loan and Trust Agreement; provided, however, that nothing in the Loan and Trust Agreement shall be deemed to limit the right of acceleration of Bond maturities upon the occurrence of Bond Default.
Prepayment of Bonds. The Partnership acknowledges and agrees that prepayment of the Bonds is required in certain events, including without limitation damage to or condemnation of the Project as more particularly set forth in this Lease Agreement, and the Partnership hereby covenants and agrees to make available to the Issuer for such prepayment all funds required to be so provided in such events.
Prepayment of Bonds. The Funding Recipient hereby agrees to use its best efforts to prevent the Successor Agency to the Marina Redevelopment Agency (the “Successor Agency”) from redeeming such entities’ outstanding bonds titled Successor Agency to the Marina Redevelopment Agency Tax Allocation Bonds, Series 2018A and Successor Agency to the Marina Redevelopment Agency Housing Tax Allocation Bonds, Series 2018B (collectively, the “2018 Bonds”) prior to their final stated maturity date of September 1, 2038; provided that (a) the Successor Agency may redeem 2018 Bonds maturing on September 1, 2038 on September 1, 2037 using funds in the Reserve Account established for the 2018 Bonds; (b) this covenant shall not apply to bonds issued by the Successor Agency to (i) refund the 2018 Bonds (“2018 Refunding Bonds”), or (ii) refund 2018 Refunding Bonds or refund any subsequent series of refunding bonds related thereto, in each case that have a final stated maturity not earlier than September 1, 2038 and that have a funded Reserve Account that can only be used to redeem such refunding bonds no earlier than September 1, 2037; and (c) if the Successor Agency issues additional obligations (the “Additional Bonds”) with a final maturity more than a year later that is then September 1, 2038, the September 1, 2038 and September 1, 2037 dates in the preceding clauses shall instead refer to the final maturity of such Additional Bonds and the date that is one year prior to such final maturity date, respectively. To that end, the Funding Recipient agrees to exercise any influence it may have over the Successor Agency or the consultants for the Successor Agency to avoid the early redemption or retirement of the 2018 Bonds or such Additional Bonds except as allowed pursuant to the preceding sentence. The provisions of this Section 16 shall survive any termination of this Agreement.
