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 4.05 hereof, the 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 Borrower, pursuant to the written instructions of the Borrower, to redeem the Bonds on the date set for such redemption pursuant to Section 8.05 hereof.

Appears in 2 contracts

Samples: Loan Agreement (RBC Bearings INC), Loan Agreement (Roller Bearing Co of America Inc)

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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 4.05 4.4 hereof, the Borrower agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIIIVII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Borrower, pursuant Borrower to the written instructions effect redemption of the Borrower, to redeem Bonds in accordance with Article IV of the Bonds Indenture on the date set specified for such redemption pursuant to Section 8.05 7.5 hereof.

Appears in 1 contract

Samples: Loan Agreement (San Diego Gas & Electric Co)

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 4.05 4.4 hereof, the Borrower agrees to and shall pay directly to the Trustee any amount permitted or required to be paid by it under this Article VIIIVII. The Indenture provides that the Trustee shall use the moneys so paid to it by the Borrower, pursuant to the written instructions of the Borrower, Borrower to redeem the Bonds on the date set for such redemption pursuant to Section 8.05 7.5 hereof.

Appears in 1 contract

Samples: Loan Agreement (Southern California Water Co)

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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 4.05 4.4 hereof, the Borrower agrees to and shall pay (or cause to be paid) 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 Borrower, pursuant Borrower to the written instructions effect redemption of the Borrower, to redeem Bonds in accordance with Article IV of the Bonds Indenture on the date set specified for such redemption pursuant to Section 8.05 8.5 hereof.

Appears in 1 contract

Samples: Loan Agreement (Mercury Air Group Inc)

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