Common use of Redemption of the UI Bonds Clause in Contracts

Redemption of the UI Bonds. In the case of UI, the termination of the Facility Lease pursuant to the Termination Agreement shall have become effective and all notice requirements which would permit the redemption of the Seabrook Unit 1 Secured Lease Obligation Bonds (the "UI Bonds") in accordance with the Indenture shall have been satisfied; and

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Connecticut Light & Power Co), Purchase and Sale Agreement (New England Power Co), Purchase and Sale Agreement (Baycorp Holdings LTD)

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Redemption of the UI Bonds. In the case of UI, the termination -------------------------- of the Facility Lease pursuant to the Termination Agreement shall have become effective and all notice requirements which would permit the redemption of the Seabrook Unit 1 Secured Lease Obligation Bonds (the "UI Bonds") in accordance with the Indenture shall have been satisfied; and

Appears in 1 contract

Samples: Purchase and Sale Agreement (Uil Holdings Corp)

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