Common use of Prepayment to Redeem Bonds Clause in Contracts

Prepayment to Redeem Bonds. Whenever any Bonds are redeemable in whole or in part (other than pursuant to Section 5.06 of the Indenture), the Authority will redeem the same at the written direction of an Authorized Company Representative, and the Company will pay, as a prepayment of the amount due on the Company Obligation corresponding to such 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 for such redemption payment.

Prepayment to Redeem Bonds. Whenever any Bonds are redeemable in whole or in part (other than pursuant to Section 5.06 8.05 of the Indenture), the Authority will redeem the same at the written direction of an Authorized Company Corporation Representative, and the Company Corporation will pay, as a prepayment of the amount due on the Company Obligation First Mortgage Bonds corresponding to such 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 for such redemption payment.

Prepayment to Redeem Bonds. Whenever any series of the Bonds are is redeemable in whole or in part (other than pursuant to Section 5.06 of the Indenture)part, the Authority will redeem the same at the written direction of an Authorized Company Corporation Representative, and the Company Corporation will pay, as a prepayment of the amount due on the Company Obligation 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 Bonds are redeemable in whole or in part (other than pursuant to Section 5.06 9.06 of the Indenture), the Authority will redeem the same at the written direction of an Authorized Company Representative, and the Company will pay, as a prepayment of the amount due on the Company Obligation corresponding to such 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 for such redemption payment.