Common use of Prepayment to Redeem Bonds Clause in Contracts

Prepayment to Redeem Bonds. Whenever any series of the Bonds is redeemable in whole or in part, the Authority will redeem the same at the written direction of an Authorized Corporation Representative, and the Corporation will pay, as a prepayment of the amount due on the First Mortgage Bonds corresponding to such series of the Bonds, an amount equal to the total cost of such redemption, less the amount, if any, in the Bond Fund on the date fixed for such redemption and available and designated for such redemption payment.

Prepayment to Redeem Bonds. Whenever any series of the Bonds is are redeemable in whole or in partpart (other than pursuant to Section 9.06 of the Indenture), the Authority will redeem the same at the written direction of an Authorized Corporation Company Representative, and the Corporation Company will pay, as a prepayment of the amount due on the First Mortgage Bonds Company Obligation corresponding to such series of the Bonds, an amount equal to the total cost of such redemption, less the amount, if any, in the Bond Fund on the date fixed for such redemption and available and designated for such redemption payment.

Prepayment to Redeem Bonds. Whenever any series of the Bonds is are redeemable in whole or in partpart (other than pursuant to Section 8.05 of the Indenture), the Authority will redeem the same at the written direction of an Authorized Corporation Representative, and the Corporation will pay, as a prepayment of the amount due on the First Mortgage Bonds corresponding to such series of the Bonds, an amount equal to the total cost of such redemption, less the amount, if any, in the Bond Fund on the date fixed for such redemption and available and designated for such redemption payment.

Prepayment to Redeem Bonds. Whenever any series of the Bonds is are redeemable in whole or in partpart (other than pursuant to Section 5.06 of the Indenture), the Authority will redeem the same at the written direction of an Authorized Corporation Company Representative, and the Corporation Company will pay, as a prepayment of the amount due on the First Mortgage Bonds Company Obligation corresponding to such series of the Bonds, an amount equal to the total cost of such redemption, less the amount, if any, in the Bond Fund on the date fixed for such redemption and available and designated for such redemption payment.