Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of certain of the rights of the City under this Agreement to the Trustee as is provided in Section 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 VII. The Trustee shall use the moneys so paid to it by the Borrower to effect redemption of the Bonds in accordance with Article IV of the Indenture on the date specified for such redemption pursuant to Section 7.5 hereof.
Appears in 3 contracts
Samples: Loan Agreement (Sempra Energy), Loan Agreement (San Diego Gas & Electric Co), Loan Agreement (San Diego Gas & Electric Co)
Redemption of Bonds with Prepayment Moneys. By virtue of the assignment of certain of the rights of the City under this Agreement to the Trustee as is provided in Section 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 VII. The Trustee shall use the moneys so paid to it by the Borrower to effect redemption of the Bonds in accordance with Article IV of the Indenture on the date specified for such redemption pursuant to Section 7.5 hereof.- 15 -
Appears in 1 contract
Samples: Loan Agreement (Enova Corp)
