PREPAYMENT OF SECURITIES. MANDATORY AND OPTIONAL SINKING FUND
PREPAYMENT OF SECURITIES. SECTION 14.01.
PREPAYMENT OF SECURITIES. 39 SECTION 14.1 Applicability of Article...................................... 39 SECTION 14.2 Notice of Prepayment; Selection of Securities................. 39 SECTION 14.3 Payment of Securities Called for Prepayment................... 40
PREPAYMENT OF SECURITIES. SECTION 14.01 Special Event Prepayment.............................................. 55 SECTION 14.02 Optional Prepayment by Corporation.................................... 56 SECTION 14.03
PREPAYMENT OF SECURITIES. MANDATORY AND OPTIONAL SINKING FUND.................... 70 SECTION 14.01. Special Event Prepayment.............. 70 SECTION 14.02. Optional Prepayment by Company........ 70 SECTION 14.03.
PREPAYMENT OF SECURITIES. 57 SECTION 14.1 Special Event Prepayment .............................................. 57 SECTION 14.2 Optional Prepayment by Corporation .................................... 57 SECTION 14.3 No Sinking Fund ....................................................... 58 SECTION 14.4 Notice of Prepayment; Selection of Securities ......................... 58 SECTION 14.5 Payment of Securities Called for Prepayment ........................... 59
PREPAYMENT OF SECURITIES. (a) At any time and from time to time after the fifth anniversary of the date of issuance of the Securities but not prior thereto, the Bank may (subject to the prior approval of the applicable Federal Banking Regulator), upon not less than seven Business Days’ notice to Purchasers, prepay, without premium or penalty thereon, the unpaid principal amount of the Securities, in whole or in part, together with accrued interest thereon to the date of such prepayment on the principal amount prepaid; provided that each partial prepayment shall be in an aggregate principal amount of not less than $250,000.
(b) Each partial prepayment of the Securities shall be allocated (in integral multiples of $1,000) to all Securities at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment, with adjustments to the extent applicable to compensate for any prior prepayments not made exactly in such proportion; provided, however, that if as a result of such allocation, any Security held by an Holder would be reduced to an amount of less than $1,000,000, the Bank shall, at the request of such Holder, redeem the balance of such Security.
(c) In the case of each prepayment of Securities pursuant to this Section 2.08, the principal amount of each Security to be so prepaid or repurchased shall mature and become due and payable on the date fixed for such prepayment or repurchase, together with interest on such principal amount to be so prepaid accrued to such date. From and after such date, unless the Bank shall fail to pay such principal amount to be so prepaid when so due and payable, together with the interest, as aforesaid, interest on such principal amount shall cease to accrue. Any Security paid or prepaid in full shall be surrendered to the Bank and canceled and shall not be reissued, and no Security shall be issued in lieu of any prepaid or repurchased principal amount of any Security.
(d) Notwithstanding anything to the contrary in this Section 2.06, the Securities may not be redeemed or prepaid at the option of the Bank prior to the Maturity pursuant to this Section 2.06 without the prior written consent of the applicable Federal Banking Regulator if the Bank is undercapitalized, significantly undercapitalized or critically undercapitalized as described in 12 C.F.R. Section 565.4(b), fails to meet its regulatory capital requirements under 12 C.F.R. Part 567, or, if after giving effe...
PREPAYMENT OF SECURITIES. SECTION 14.1 Special Event Prepayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 SECTION 14.2 Optional Prepayment by Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
PREPAYMENT OF SECURITIES. SECTION 14.01. Prepayment...........................................
PREPAYMENT OF SECURITIES
