Common use of Redemption of Notes for Sinking Fund Clause in Contracts

Redemption of Notes for Sinking Fund. Not less than 60 days prior to each sinking fund payment date for any Notes, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes pursuant to Section 1302 and stating the basis for such credit and that such Notes have not been previously so credited and will also deliver to the Trustee any Notes to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1204. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 and 1207. ARTICLE FOURTEEN

Appears in 1 contract

Samples: Arizona Public Service Co

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Redemption of Notes for Sinking Fund. Not less than 60 45 days prior to each sinking fund payment date for the Notes of any Notesseries, or any Tranche thereof, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes series or Tranche pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes of such series or Tranche pursuant to Section 1302 12.02 and stating the basis for such credit and that such Notes have not been previously so credited and will also deliver to the Trustee any Notes to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 120411.04. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 11.06 and 1207. ARTICLE FOURTEEN11.07.

Appears in 1 contract

Samples: Indenture (Public Service Co of New Mexico)

Redemption of Notes for Sinking Fund. Not less than 60 days prior to each sinking fund payment date for any Notes, the Company will shall deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes pursuant to Section 1302 12.2 and stating the basis for such credit and that such Notes have not been previously so credited and will shall also deliver to the Trustee any Notes to be so delivered. Not less than 30 45 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 120411.4. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 11.4(1) and 1207. ARTICLE FOURTEEN11.4(2).

Appears in 1 contract

Samples: Indenture (Gas Transporter of the South Inc)

Redemption of Notes for Sinking Fund. Not less than 60 45 days prior to each sinking fund payment date for the Notes of any Notesseries, or any Tranche thereof, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes series or Tranche pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes of such series or Tranche pursuant to Section 1302 12.02 and stating the basis for such credit and that such Notes have not been previously so credited and will also deliver to the Trustee any Notes to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 120411.04. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 11.06 and 120711.07. ARTICLE FOURTEENArticle XIII DEFEASANCE AND COVENANT DEFEASANCE

Appears in 1 contract

Samples: Texas New Mexico Power Co

Redemption of Notes for Sinking Fund. Not less than 60 45 days prior to each sinking fund payment date for any Notes, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes pursuant to Section 1302 12.02 and stating the basis for such credit and that such Notes have not been previously so credited and will also deliver to the Trustee any Notes to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 120411.04. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 11.06 and 1207. ARTICLE FOURTEEN11.07.

Appears in 1 contract

Samples: Indenture (Public Service Co of New Mexico)

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Redemption of Notes for Sinking Fund. Not less than 60 45 days prior to each sinking fund payment date for the Notes of any Notesseries, or any Tranche thereof, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes series or Tranche pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes of such series or Tranche pursuant to Section 1302 12.02 and stating the basis for such credit and that such Notes have not been previously so credited and will also deliver to the Trustee any Notes to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 120411.04. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 11.06 and 1207. ARTICLE FOURTEEN11.07.

Appears in 1 contract

Samples: Indenture (PNM Resources Inc)

Redemption of Notes for Sinking Fund. Not less than 60 45 days prior to each sinking fund payment date for the Notes of any Notesseries, or any Tranche thereof, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing sinking fund payment for such Notes series or Tranche pursuant to the terms of such Notes, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Notes of such series or Tranche pursuant to Section 1302 SECTION 12.02 and stating the basis for such credit and that such Notes have not been previously so credited and will also deliver to the Trustee any Notes to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 1203 SECTION 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1204. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 1206 and 1207. ARTICLE FOURTEENSECTION

Appears in 1 contract

Samples: Indenture (PNM Resources Inc)

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