Common use of Purchase of Bonds in Lieu of Redemption Clause in Contracts

Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A) above, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2013 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase prior to the selection of 2013 Bonds for redemption, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer’s Certificate may provide, but in no event may 2013 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase.

Appears in 1 contract

Samples: Fiscal Agent Agreement

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Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A) above), moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2013 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase prior to the selection of 2013 Bonds for redemption, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer’s Certificate may provide, but in no event may 2013 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchasepurchase and any premium which would otherwise be due if such Bonds were to be redeemed in accordance with this Agreement.

Appears in 1 contract

Samples: Fiscal Agent Agreement

Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A) above, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2013 2016 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase prior to the selection of 2013 2016 Bonds for redemption, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer’s Certificate may provide, but in no event may 2013 2016 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase.

Appears in 1 contract

Samples: Fiscal Agent Agreement

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Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A) above, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2013 2014 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase prior to the selection of 2013 2014 Bonds for redemption, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer’s Certificate may provide, but in no event may 2013 2014 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase.

Appears in 1 contract

Samples: Fiscal Agent Agreement

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