Common use of REDEMPTION PROCESS Clause in Contracts

REDEMPTION PROCESS. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2018A Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price plus accrued interest to the date of redemption of the affected Series 2018A Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2018A Bonds called for redemption will become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 2018A Bonds called for redemption, thereafter, no interest will accrue on those Series 2018A Bonds, and a bondholder's only right will be to receive payment of the Redemption Price plus accrued interest to the date of redemption upon surrender of those Series 2018A Bonds.

REDEMPTION PROCESS. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2018A 2023 Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price plus accrued interest to the date of redemption of the affected Series 2018A 2023 Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2018A 2023 Bonds called for redemption will become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 2018A 2023 Bonds called for redemption, thereafter, no interest will accrue on those Series 2018A 2023 Bonds, and a bondholder's ’s only right will be to receive payment of the Redemption Price plus accrued interest to the date of redemption upon surrender of those Series 2018A 2023 Bonds.

REDEMPTION PROCESS. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2018A 2020 Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price plus accrued interest to the date of redemption of the affected Series 2018A 2020 Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2018A 2020 Bonds called for redemption will become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 2018A 2020 Bonds called for redemption, thereafter, no interest will accrue on those Series 2018A 2020 Bonds, and a bondholder's ’s only right will be to receive payment of the Redemption Price plus accrued interest to the date of redemption upon surrender of those Series 2018A 2020 Bonds.

REDEMPTION PROCESS. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2018A 2017CDE Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price plus accrued interest to the date of redemption of the affected Series 2018A 2017CDE Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2018A 2017CDE Bonds called for redemption will become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 2018A 20l 7CDE Bonds called for redemption, thereafter, no interest will accrue on those Series 2018A 2017CDE Bonds, and a bondholder's only right will be to receive payment of the Redemption Price plus accrued interest to the date of redemption upon surrender of those Series 2018A 2017CDE Bonds. (a) 4.P.