Common use of Redemption of Note Clause in Contracts

Redemption of Note. The Note is subject to redemption at the option of the Authority prior to the maturity thereof at any time as a whole or in part from time to time in such principal amount as the Authority shall determine, at a redemption price equal to 100% of the principal amount then being redeemed plus accrued interest thereon to the date fixed for redemption.

Appears in 18 contracts

Sources: Redevelopment Contract, Redevelopment Contract, Redevelopment Contract