Redemption of Obligations. 8 SECTION 3.01.
Redemption of Obligations. The Servicer, the Seller and the Depositor shall instruct the Indenture Trustee, upon redemption or payment of all of the Obligations pursuant to the Indenture or otherwise, to furnish to the Insurer a notice of such redemption and, upon a redemption or payment of all of the Obligations, to surrender the Policy to the Insurer for cancellation.
Redemption of Obligations. The Obligations to be redeemed shall be selected by the County and, within any maturity, shall be selected by lot by The Depository Trust Company described in Section VIII hereof. The Obligations or portions of Obligations to be redeemed shall, on the redemption dates, become due and payable at the redemption price therein specified, and from and after such date such Obligations or portions of Obligations shall cease to bear interest. Upon surrender of such Obligations for redemption in accordance with the official notice of redemption, such Obligations shall be paid by the Fiscal Agent at the redemption price. Installments of interest due on or prior to the redemption date shall be payable as herein provided for payment of interest. Upon surrender for any partial redemption of any Obligation, there shall be prepared for the registered owner a new Obligation or Obligations of the same maturity in the amount of the unpaid principal. Each check or other transfer of funds issued in payment of the redemption price of Obligations being redeemed shall bear the CUSIP number identifying, by issue and maturity, the Obligations being redeemed with the proceeds of such check or other transfer.
Redemption of Obligations. UACC, the Servicer and the Seller shall instruct the Trustee, upon redemption or payment in full of the Obligations pursuant to the Indenture or otherwise, to furnish to the Insurer a notice of such redemption and, upon a redemption or payment in full of the Obligations, to surrender the Policy to the Insurer for cancellation.
Redemption of Obligations. RBMG, the Servicer, the Company and Funding Co. shall instruct the Indenture Trustee, upon redemption or payment of all of the Obligations pursuant to the Indenture or otherwise, to furnish to the Insurer a notice of such redemption and, upon a redemption or payment of all of the Obligations, to surrender the Policy to the Insurer for cancellation.
Redemption of Obligations. The Servicer shall instruct the Indenture Trustee, upon redemption, or payment, of all of the Obligations pursuant to the Indenture, to furnish to the Insurer a notice of such redemption and, upon a redemption, or payment, of all of the Obligations to surrender the Policies to the Insurer for cancellation.
Redemption of Obligations. (a) To the extent of any moneys at any time in the Senior Lien Principal/Redemption Account, the Trustee shall retire or provide for the retirement of Principal of Senior Lien Obligations, including Senior Lien Payment Obligations, with money from the Senior Lien Principal/Redemption Account, and the Trustee shall pay, when due, the amount of Principal of all Senior Lien Obligations scheduled to mature and all Senior Lien Payment Obligations, and the Trustee shall redeem or purchase Senior Lien Obligations prior to maturity during each year specified in, and pursuant to, any optional or mandatory redemption or purchase provisions required for Senior Lien Obligations, and shall pay the Principal, any redemption premium required therefor, and all necessary and proper expenses in connection therewith, from the Senior Lien Principal/Redemption Account, but shall pay all accrued interest on Senior Lien Obligations from the Senior Lien Interest Account.
Redemption of Obligations. Section 4.1. Redemption Provisions 16 Section 4.2. Selection of Obligations for Redemption 17 Section 4.3. Notice of Redemption; Effect 17 Section 4.4. Partial Redemption of Obligation 18
Redemption of Obligations. (a) Redemption of Notes from Proceeds of Bonds. If any Notes have been issued hereunder, on or before the Stated Maturity Date of such Notes, the Shipowner may redeem any or all of such Notes by issuing on the Redemption Date of such Notes, Bonds in a principal amount equal to the outstanding principal amount of and interest accrued on the Notes to be so redeemed. All proceeds of Bonds issued pursuant to this paragraph (a), shall first be applied by the Shipowner to pay in full the outstanding principal and interest of the outstanding Notes to be redeemed on the Redemption Date. Notwithstanding any contrary provision of Section 3.09 and 3.10 of Exhibit 1 hereto, proceeds of Bonds issued pursuant to this paragraph (a) may be paid on the Redemption Date to any such account as the Note Holder may designate in writing to the Indenture Trustee and the Shipowner, whether or not such account is maintained with the Indenture
Redemption of Obligations. The Seller and the Depositor shall instruct the Indenture Trustee, upon redemption or payment of all of the Obligations pursuant to the Indenture or otherwise, to furnish to the Insurer a notice of such redemption and, upon a redemption or payment of all of the Obligations, to surrender the Policy to the Insurer for cancellation.
