Prepayment of Purchase Price. Error! Bookmark not defined.Error! Bookmark not defined.
Prepayment of Purchase Price. City shall have the option to prepay its obligations under this Contract on any Payment Date occurring on or after December 1, 2018 (the “Optional Prepayment Date”), upon not less than 30 days’ prior written notice, and upon payment in full of all Installment Payments remaining due on such Payment Date. After payment of all amounts owed with respect to this Contract, the City will own the Equipment free and clear of any interest of Lender therein, and Lender’s security interests in and to such Equipment will be terminated. [END OF ARTICLE III]
Prepayment of Purchase Price. There is expressly reserved to the Purchaser the right, and the Purchaser is authorized and permitted, at any time it may choose, to prepay all or any part of the Purchase Price payable under Section 5.03 hereof, and the Issuer agrees that the Sinking Fund Custodian may accept such prepayments of Purchase Price when the same are tendered by the Purchaser. All Purchase Price so prepaid shall at the written direction of the Purchaser be credited toward the Purchase Price specified in Section 5.03 hereof, in the order of their due dates, or applied to the retirement of Bonds prior to maturity (either by redemption or purchase) in accordance with the Bond Resolution. The Purchaser shall also have the right to surrender Bonds acquired by it in any manner whatsoever to the Issuer for cancellation, and such Bonds, upon such surrender and cancellation, shall be deemed to be paid and retired and shall be allocated as credits to Purchase Price as provided in the Bond Resolution.
Prepayment of Purchase Price. Whenever the Purchaser shall not be in default in respect of any payment of principal or interest on any deferred portion of the purchase price herein referred to, the Purchaser shall have the privilege of prepaying all or any part of the principal balance outstanding at any time or times without notice or bonus.
Prepayment of Purchase Price. 41 Section 9.6. Reference to Bonds Ineffective After Bonds Paid. 41
Prepayment of Purchase Price. There is expressly reserved to the Company the right, and the Company is authorized and permitted, at any time it may choose, so long as it is not in default hereunder, to prepay all or any part of the purchase price payments and other payments due under Section 5.2 and the County agrees that the Trustee may accept such prepayment when the same is tendered by the Company. All such prepayments shall be credited on the purchase price payments and other payments required to be made pursuant to Section 5.2, in the chronological order of their due dates and at the election of the Company shall be used for the redemption or purchase of Bonds in the manner and to the extent provided in the Indenture.
Prepayment of Purchase Price. 7.1 The Bank may at its sole discretion (but is not obliged to) make Prepayments in respect of the Outstanding Debts up to the Availability. The proceeds of Prepayments may be credited to any account of the Client maintained with the Bank.
7.2 The Prepayments when made need not identify the particular Outstanding Debts to which the Prepayments relate. The Bank may in its sole discretion from time to time designate and allocate the exact amount of Prepayments made with respect to any particular Outstanding Debts. Without limiting the foregoing, the Bank may designate and allocate the Prepayment amount as having been made in respect of Unprotected Debts in priority to Credit Protected Debts.
7.3 Any Prepayments made will be added to the Funds In Use.
7.4 The Client agrees and acknowledges that (i) the Bank is under no obligation to make or maintain the Prepayment with respect to the Outstanding Debts (whether such Debts are Credit Protected or not) and (ii) the Funds In Use (constituted, inter alia, by the Prepayments amount and such other sums due, owing or payable by the Client to the Bank) shall be repayable immediately by the Client to the Bank upon demand. The Client shall, upon demand of the Bank, immediately pay to the Bank the Funds In Use amount. The payment of the Funds In Use amount by the Client shall not affect the Bank's ownership of the Outstanding Debts nor shall it affect the Bank's payment obligations of the Purchase Price expressly provided under this Agreement.
Prepayment of Purchase Price. If the County has performed all of its obligations under this Contract, then it shall have the option to prepay or provide for prepayment of the Purchase Price on any date on or after June 1, 2023, in full or in part in the amount of $5,000 or any integral multiple thereof on 45 days’ notice to the Trustee, at a prepayment price equal to the then applicable prepayment price of the 2013 Bonds, including any required prepayment premium under Section 4.1 of the Indenture, plus accrued interest to the prepayment date. If the Purchase Price is partially prepaid, then the Trustee shall recalculate the Payment Schedule as necessary in the manner required by Section 3.7 of the Indenture. [END OF ARTICLE III]
Prepayment of Purchase Price. There is expressly reserved to the Purchaser the right, and the Purchaser is authorized and permitted, at any time it may choose, to prepay all or any part of the Purchase Price and other amounts payable under Section 5.03 hereof, and the Issuer agrees that the Bondholder may accept such prepayments of Purchase Price and other amounts when the same are tendered by the Purchaser. All Purchase Price and other amounts so prepaid shall at the written direction of the Purchaser be credited toward the Purchase Price and other amounts specified in Section 5.03 hereof, in the inverse order of their due dates, or applied to the retirement of either Bond prior to maturity (either by redemption or purchase) in accordance with the Bond Purchase Agreement.
Prepayment of Purchase Price