Redemption of Refunded Bonds Sample Clauses

Redemption of Refunded Bonds. From the moneys on deposit in the Escrow Fund, the Escrow Agent shall redeem the Refunded Bonds at a redemption price equal to 100% of the principal amount thereof plus accrued interest to said redemption date. Any moneys remaining in the Escrow Fund after payment of the redemption price of the Refunded Bonds in full as provided herein shall be repaid by the Escrow Agent to the City.
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Redemption of Refunded Bonds. (a) Pursuant to the Series 2009 Bond Resolution, the District has elected to call the Series 2009B Refunded Bonds for redemption and payment prior to maturity on the Crossover Date. In accordance with the provisions of the Series 2009 Bond Resolution, the District has provided the Refunded Bond Paying Agent with irrevocable instructions to provide notice of redemption of the Series 2009B Refunded Bonds as required by the Series 2009 Bond Resolution. (b) Pursuant to the Series 2010 Bond Resolution, the District has elected to call the Series 2010D Refunded Bonds for redemption and payment prior to maturity on the Redemption Date. In accordance with the provisions of the Series 2010 Bond Resolution, the District has provided the Refunded Bond Paying Agent with irrevocable instructions to provide notice of redemption of the Series 2010D Refunded Bonds as required by the Series 2010 Bond Resolution. (c) The District hereby directs the Escrow Agent to direct the Refunded Bond Paying Agent in writing, not more than 90 days prior to the Crossover Date, to give additional notice of redemption of the Series 2009B Refunded Bonds as provided in the Series 2009 Bond Resolution, said additional notice to be given not more than 60 days nor less than 30 days prior to the Crossover Date, it being understood, however, that said additional notice is for convenience in facilitating said redemption and failure to give any such notice shall not affect the validity of the call for redemption of the Series 2009B Refunded Bonds. The District hereby directs the Escrow Agent to take such further action as may be necessary under the Series 2009 Bond Resolution to redeem the Series 2009B Refunded Bonds in the principal amount and at the time set forth in Schedule 1 hereto.
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Redemption of Refunded Bonds. (a) Pursuant to the Series 2009 Bond Ordinance and the Refunding Bond Ordinance, the City has elected to call the Refunded Bonds for redemption and payment prior to maturity on the Redemption Date. In accordance with the provisions of the Series 2009 Bond Ordinance, the City has provided the Paying Agent with irrevocable instructions to provide notice of redemption of the Refunded Bonds as required by the Series 0000 Xxxx Xxxxxxxxx. (b) The City hereby directs the Escrow Agent to request the Paying Agent in writing, promptly upon the receipt of monies pursuant to Section 4 hereof, to give additional notice of redemption of the Refunded Bonds as provided in the Series 2009 Bond Ordinance, it being understood, however, that said additional notice is for convenience in facilitating said redemption and failure to give any such notice shall not affect the validity of the call for redemption of the Refunded Bonds. The City hereby directs the Escrow Agent to take such further action as may be necessary under the Series 0000 Xxxx Xxxxxxxxx to redeem the Refunded Bonds in the principal amounts and at the times set forth in Schedule 1 hereof.
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Redemption of Refunded Bonds. Pursuant to the Series 2010 Bond Resolution, the District has elected to call the Refunded Bonds for redemption and payment prior to maturity on the Crossover Date. In accordance with the provisions of the Series 2010 Bond Resolution, the District has provided the Refunded Bond Paying Agent with irrevocable instructions to provide notice of redemption of the Refunded Bonds as required by the Series 2010 Bond Resolution.
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Redemption of Refunded Bonds. (a) Pursuant to the Series 2013B Bond Resolution, the District has elected to call the Refunded Bonds for redemption and payment prior to maturity on the Series 2013B Redemption Date. In accordance with the provisions of the Series 2013B Bond Resolution, the District has provided the Paying Agent with irrevocable instructions to provide notice of redemption of the Refunded Bonds as required by the Series 2013B Bond Resolution. (b) The District hereby directs the Escrow Agent to direct the Paying Agent in writing at least 75 days prior to the Series 2013B Redemption Date to give additional notice of redemption of the Refunded Bonds as provided in the Series 2013B Bond Resolution, said additional notice to be given not more than 60 days nor less than 30 days prior to the Series 2013B Redemption Date of the Refunded Bonds, it being understood, however, that said additional notice is for convenience in facilitating said redemption and failure to give any such notice shall not affect the validity of the call for redemption of the Refunded Bonds. The District hereby directs the Escrow Agent to take such further action as may be necessary under the Series 2013B Bond Resolution to redeem the Refunded Bonds in the principal amounts and at the times set forth in Schedule 1 hereto.
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Redemption of Refunded Bonds. At the direction of the County, the Authority irrevocably elects to redeem the Refunded Bonds on June 1, 2022. Pursuant to prior written instructions from the Authority, the Trustee has sent a conditional notice of the call for redemption, in the form of Exhibit C attached hereto, to
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Redemption of Refunded Bonds. The Issuer acknowledges and confirms that the respective Refunded Bonds Trustees (as defined in the Agreement) have been notified that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on April 3, 2006 with respect to the 1997 Bonds (as defined in the Agreement); April 12, 2006 with respect to the 2004 Bonds; and May 3, 2006 with respect to the 1988 Bonds. (End of Article IV) - -
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Redemption of Refunded Bonds. At the direction of the County, the Authority irrevocably elects to redeem the Refunded 2011 Bonds on [ , 2021]. Pursuant to prior written instructions from the Authority, the Trustee has sent a conditional notice of the call for redemption, in the form of Exhibit E attached hereto, to (a) DTC, as the registered owner of the Refunded 2011 Bonds at its address as it appears on the registration books, and (b) the Electronic Municipal Market Access System maintained by the Municipal Securities Rulemaking Board (the “MSRB”) at xxxx.xxxx.xxx, by electronic transmission on [ , 2021], which date is not less than 30 days nor more than 60 days prior to the date fixed for redemption.
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Redemption of Refunded Bonds 
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Related to Redemption of Refunded Bonds

  • Optional Redemption of Notes Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

  • Redemption of Notes Section 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54

  • Redemption of Bonds The Issuer shall take the actions required by the Indenture to discharge the lien thereof through the redemption, or provision for payment or redemption, of all Bonds then outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then outstanding, upon receipt by the Issuer and the Trustee from the Company of a notice designating the principal amounts, series and maturities of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption, which shall not be less than forty-five (45) days from the date such notice is given (or such shorter period as may be agreed to by the Trustee), and the applicable redemption provision of the Indenture. Unless otherwise stated therein or otherwise required by the Indenture, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article IX of the Indenture. The Company shall furnish, as a prepayment of the Loan Payments, any moneys or Government Securities (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Issuer in connection with any of the foregoing purposes.

  • Payment of Notes Called for Redemption (a) If any Redemption Notice has been given in respect of the Notes in accordance with Section 16.02, the Notes shall become due and payable on the Redemption Date at the place or places stated in the Redemption Notice and at the applicable Redemption Price. On presentation and surrender of the Notes at the place or places stated in the Redemption Notice, the Notes shall be paid and redeemed by the Company at the applicable Redemption Price. (b) Prior to the open of business on the Redemption Date, the Company shall deposit with the Paying Agent or, if the Company or a Subsidiary of the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 7.05 an amount of cash (in immediately available funds if deposited on the Redemption Date), sufficient to pay the Redemption Price of all of the Notes to be redeemed on such Redemption Date. Subject to receipt of funds by the Paying Agent, payment for the Notes to be redeemed shall be made on the Redemption Date for such Notes. The Paying Agent shall, promptly after such payment and upon written demand by the Company, return to the Company any funds in excess of the Redemption Price.

  • Notice of Optional Redemption; Selection of Notes (a) In case the Company exercises its Optional Redemption right to redeem all or, as the case may be, any part of the Notes pursuant to Section 16.01, it shall fix a date for redemption (each, a “Redemption Date”) and it or, at its written request received by the Trustee not less than five Business Days prior to the Redemption Notice Date (or such shorter period of time as may be acceptable to the Trustee), the Trustee, in the name of and at the expense of the Company, shall deliver or cause to be delivered a written notice of such Optional Redemption (a “Notice of Redemption”) (in all cases, the text of such Notice of Redemption shall be prepared by the Company) not less than 55 nor more than 70 Scheduled Trading Days prior to the Redemption Date to each Holder of Notes so to be redeemed in whole or in part; provided, however, that, if the Company shall give such notice, it shall also give written notice of the Redemption Date to the Trustee, the Conversion Agent and the Paying Agent. In the case of any Optional Redemption in part, Holders of Notes not called for Optional Redemption will not be entitled to an increased Conversion Rate for such Notes in accordance with Section 14.03 and Section 16.02(c). The Redemption Date must be a Business Day. (b) The Notice of Redemption, if delivered in the manner herein provided, shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, failure to give such Notice of Redemption or any defect in the Notice of Redemption to the Holder of any Note designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Note. (c) Each Notice of Redemption shall specify: (i) the Redemption Date (which must be a Business Day); (ii) the Redemption Price; (iii) that on the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed, and that interest thereon, if any, shall cease to accrue on and after the Redemption Date; (iv) the place or places where such Notes are to be surrendered for payment of the Redemption Price; (v) that Holders may surrender their Notes for conversion at any time prior to the close of business on the second Scheduled Trading Day immediately preceding the Redemption Date; (vi) the procedures a converting Holder must follow to convert its Notes and the forms and amounts of consideration payable by the Company upon conversion; (vii) the Conversion Rate and, if applicable, the number of Additional Shares added to the Conversion Rate in accordance with Section 14.03; (viii) the CUSIP, ISIN or other similar numbers, if any, assigned to such Notes; and (ix) in case any Note is to be redeemed in part only, the portion of the principal amount thereof to be redeemed and on and after the Redemption Date, upon surrender of such Note, a new Note in principal amount equal to the unredeemed portion thereof shall be issued, which principal amount must be $1,000 or a multiple thereof. A Notice of Redemption shall be irrevocable. (d) If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Global Notes, the Notes to be redeemed shall be selected by the Depositary in accordance with the applicable rules and procedures of the Depositary. If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are not Global Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $1,000 or multiples thereof) by lot, on a pro rata basis or by another method the Trustee considers to be fair and appropriate. If any Note selected for partial redemption is submitted for conversion in part after such selection, the portion of the Note submitted for conversion shall be deemed (so far as may be possible) to be the portion selected for redemption, subject, in the case of Notes represented by a Global Note, to the Depositary’s applicable procedures. If fewer than all of the outstanding Notes are to be redeemed and the Holder of any Note (or any owner of a beneficial interest in any Global Note) is reasonably not able to determine, before the close of business on the 55th scheduled Trading Day immediately before the relevant Redemption Date, whether such Note or beneficial interest, as applicable, is to be redeemed pursuant to such redemption, then such Holder or owner, as applicable, will be entitled to convert such Note or beneficial interest, as applicable, at any time before the close of business on the second Scheduled Trading Day prior to such Redemption Date, unless the Company defaults in the payment of the Redemption Price pursuant to Section 14.01(b)(v), in which case such Holder or owner, as applicable, will be entitled to convert such Note or beneficial interest, as applicable, until the Redemption Price has been paid or duly provided for, and each such conversion will be deemed to be of a Note called for redemption. The Trustee shall not be obligated to make any determination in connection with the foregoing.

  • Redemption and Repurchase; Discharge Prior to Redemption or Maturity This Note is subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. There is no sinking fund or mandatory redemption applicable to this Note. If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.

  • Optional Redemption of the Notes (a) The Company may redeem at its election, at any time or from time to time, some or all of the Notes before they mature at a redemption price equal to the sum of (x) 100% of the principal amount of Notes redeemed plus accrued and unpaid interest, if any, to, but not including, the date of redemption (the “Redemption Date”), subject to the rights of Holders of record of Notes on the relevant record date to receive interest due on the relevant Interest Payment Date plus (y) the Make-Whole Premium. (b) Notwithstanding the foregoing, if the Notes are redeemed on or after the First Par Call Date, the redemption price will not include the Make-Whole Premium. (c) Neither the Trustee nor any Paying Agent shall have any obligation to calculate or verify the calculation of the Make-Whole Premium. (d) The provisions of Section 3.01 through Section 3.06 of the Base Indenture shall not apply to the Notes, and the following provisions shall apply in lieu thereof: (i) In the event that the Company chooses to redeem less than all of the Notes, selection of the Notes for redemption will be made by the Trustee: (A) by a method that complies with the requirements, as certified to the Trustee by the Company, of the principal securities exchange, if any, on which the Notes are listed at such time, and in compliance with the requirements of the relevant clearing system; or (B) if the Notes are not listed on a securities exchange, or such securities exchange prescribes no method of selection and the Notes are not held through a clearing system or the clearing system prescribes no method of selection, by lot. (ii) No Notes of a principal amount of $2,000 or less shall be redeemed in part. (iii) Notice of redemption will be delivered at least 15 but not more than 60 days before the redemption date to each Holder of Notes to be redeemed, the Trustee and the Paying Agent; provided that, if the redemption notice is issued in connection with a defeasance of the Notes or satisfaction and discharge of the Indenture governing the Note in accordance with the Indentures, the notice of redemption may be delivered more than 60 calendar days before the date of redemption. If any Note is to be redeemed in part only, then the notice of redemption that relates to such Note must state the portion of the principal amount thereof to be redeemed. A new Note in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made). On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price. (e) Any redemption or notice of redemption, may, at the Company’s discretion, be subject to one or more conditions precedent.

  • Redemption of the Notes SECTION 3.01.

  • Redemption The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 hereof.

  • Issue and Redemption of Fund Shares All expenses incurred in connection with the issue, redemption, and transfer of the Fund’s shares, including the expense of confirming all share transactions;

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