Common use of Redemption of Bonds with Prepayment Moneys Clause in Contracts

Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of the rights of the Issuer under this Agreement to the Trustee as is provided in Section 4.4 hereof, the Company agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Company to redeem the Bonds on the date set for such redemption pursuant to Section 8.5 hereof or to reimburse any Credit Provider for any draw under the Letter of Credit therefor. The Issuer shall call Bonds for redemption as required by Article IV of the Indenture or as requested by the Company pursuant to the Indenture or this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Covanta Holding Corp), Loan Agreement (Covanta Holding Corp)

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Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of the rights of the Issuer Authority under this Loan Agreement to the Trustee as is provided in Section 4.4 hereof, the Company Borrower agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Company Borrower to redeem the Bonds on the date set for such redemption pursuant to Section 8.5 hereof or to reimburse any Credit Provider for any draw under the Letter of Credit therefor. The Issuer Authority shall call Bonds for redemption as required by Article IV of the Indenture or as requested by the Company Borrower pursuant to the Indenture or this Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (New Jersey Resources Corp)

Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of the rights of the Issuer under this Agreement to the Trustee as is provided in Section 4.4 hereof, the Company Borrower agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Company Borrower to redeem the Bonds on the date set for such redemption pursuant to Section 8.5 hereof or to reimburse any Credit Provider for any draw under the Letter of Credit therefor. The Issuer shall call Bonds for redemption as required by Article IV of the Indenture or as requested by the Company Borrower pursuant to the Indenture or this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Allied Waste Industries Inc)

Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of the rights of the Issuer under this Agreement to the Trustee as is provided in Section 4.4 4.5 hereof, the Company Borrower agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Company Borrower to redeem the Bonds on the date set for such redemption pursuant to Section 8.5 hereof or to reimburse any Credit Provider for any draw under the Letter of Credit therefor. The Issuer shall call Bonds for redemption as required by Article IV of the Indenture or as requested by the Company Borrower pursuant to the Indenture or this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Clean Energy Fuels Corp.)

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Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of the rights of the Issuer Authority under this Agreement to the Trustee as is provided in Section 4.4 hereof, the Company agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Company to redeem the Bonds on the date set for such redemption pursuant to Section 8.5 hereof or to reimburse any Credit Provider for any draw under the a Letter of Credit therefor. The Issuer Authority shall call Bonds for redemption as required by Article IV of the Indenture or as requested by the Company pursuant to the Indenture or this Agreement.

Appears in 1 contract

Samples: Loan Agreement (CONSOL Energy Inc.)

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