Common use of Purchase of Bonds Clause in Contracts

Purchase of Bonds. The Company will not and will not permit any affiliate to purchase, redeem or otherwise acquire, directly or indirectly, any of the outstanding bonds of the 2028 Series except (a) upon the redemption of such bonds in accordance with the terms of Section 5.2 hereof and such bonds or (b) pursuant to an offer to purchase made by the Company or an affiliate pro rata to the holders of all bonds of the 2028 Series at the time outstanding upon the same terms and conditions. Any such offer shall provide each holder with sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least 10 Business Days. If the holders of more than 25% of the principal amount of the bonds of the 2028 Series then outstanding accept such offer, the Company shall promptly notify the remaining holders of such fact and the expiration date for the acceptance by holders of bonds of the 2028 Series of such offer shall be extended by the number of days necessary to give each such remaining holder at least 10 Business Days from its receipt of such notice to accept such offer. The Company will promptly cancel all bonds acquired by it or any affiliate pursuant to any payment, redemption or purchase of bonds pursuant to this Article V and no bonds may be issued in substitution or exchange for any such bonds.

Purchase of Bonds. The Company will not and will not permit any affiliate to purchase, redeem or otherwise acquire, directly or indirectly, any of the outstanding bonds of the 2028 2023 Series except (a) upon the redemption of such bonds in accordance with the terms of Section 5.2 3.2 hereof and such bonds or (b) pursuant to an offer to purchase made by the Company or an affiliate pro rata to the holders of all bonds of the 2028 2023 Series at the time outstanding upon the same terms and conditions. Any such offer shall provide each holder with sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least 10 Business Days. If the holders of more than 25% of the principal amount of the bonds of the 2028 2023 Series then outstanding accept such offer, the Company shall promptly notify the remaining holders of such fact and the expiration date for the acceptance by holders of bonds of the 2028 2023 Series of such offer shall be extended by the number of days necessary to give each such remaining holder at least 10 Business Days from its receipt of such notice to accept such offer. The Company will promptly cancel all bonds acquired by it or any affiliate pursuant to any payment, redemption or purchase of bonds pursuant to this Article V III and no bonds may be issued in substitution or exchange for any such bonds.

Purchase of Bonds. The Company will not and will not permit any affiliate Controlled Affiliate to purchase, redeem redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding bonds of the 2028 Series Bonds except (a) upon the redemption payment or prepayment of such bonds the Bonds in accordance with the terms of Section 5.2 hereof this Agreement and such bonds Article 5 of the Mortgage or (b) pursuant to an offer to purchase made by the Company or an affiliate any Controlled Affiliate pro rata to the holders of all bonds of the 2028 Series Bonds at the time outstanding upon the same terms and conditions. Any such offer shall provide each holder with sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least 10 20 Business Days. If the holders of more than 2550% of the principal amount of the bonds of the 2028 Series Bonds then outstanding accept such offer, the Company shall promptly notify the remaining holders of such fact and the expiration date for the acceptance by the holders of bonds of the 2028 Series Bonds of such offer shall be extended by the number of days necessary to give each such remaining holder at least 10 5 Business Days from its receipt of such notice to accept such offer. The Company will promptly cancel all bonds Bonds acquired by it or any affiliate Controlled Affiliate pursuant to any payment, redemption prepayment or purchase of bonds Bonds pursuant to any provision of this Article V Agreement and no bonds Bonds may be issued in substitution or exchange for any such bondsBonds.