Common use of Purchase in Lieu of Redemption Clause in Contracts

Purchase in Lieu of Redemption. As provided in the Agreement, the Company has the right to purchase Bonds in lieu of the optional redemption described in this paragraph under “Optional Redemption During Long-Term Interest Rate Period”, “Optional Redemption During Daily or Weekly Rate Period” and “Optional Redemption During ARS Rate Period”.

Appears in 3 contracts

Samples: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co), First Supplemental Loan and Trust Agreement (Tampa Electric Co)

AutoNDA by SimpleDocs

Purchase in Lieu of Redemption. As provided in the Agreement, the Company has the right to purchase Bonds in lieu of the optional redemption described in this paragraph under “Optional Redemption During Long-Term Interest Rate Period”, ” and “Optional Redemption During Daily or Weekly Rate Period” and “Optional Redemption During ARS Rate Period”.

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

AutoNDA by SimpleDocs

Purchase in Lieu of Redemption. As provided in the Agreement, the Company has the right to purchase Bonds in lieu of the optional redemption described in this paragraph under “Optional Redemption During Long-Term Interest Rate Period”, “Optional Redemption During Daily or Weekly Rate Period” and “Optional Redemption During ARS Auction Rate Period”.

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!