Common use of Sale of Bonds Clause in Contracts

Sale of Bonds. Subject to the terms and conditions herein set forth, including, without limitation, the conditions set forth in Section 5 of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, not more than $30,000,000 principal amount of Bonds at a price of 100% of the principal amount thereof. Notwithstanding any provision of this Agreement to the contrary, the Purchaser shall have no obligation to purchase any Bond after May 7, 2022.

Sale of Bonds. Subject to the terms and conditions herein set forth, including, without limitation, the conditions set forth in Section 5 of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, not more than $30,000,000 principal amount of Bonds at a price of 100% of the principal amount thereof. Notwithstanding any provision of this Agreement to the contrary, the Purchaser shall have no obligation to purchase any Bond after May 7December 31, 20222019.

Sale of Bonds. Subject to the terms and conditions herein set forth, including, without limitation, the conditions set forth in Section 5 of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, not more than $30,000,000 40,000,000 principal amount of Bonds at a price of 100% of the principal amount thereof. Notwithstanding any provision of this Agreement to the contrary, the Purchaser shall have no obligation to purchase any Bond after May 7January 18, 20222017.

Sale of Bonds. Subject to the terms and conditions herein set forth, including, without limitation, the conditions set forth in Section 5 of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, not more than $30,000,000 25,000,000 principal amount of Bonds at a price of 100% of the principal amount thereof. Notwithstanding any provision of this Agreement to the contrary, the Purchaser shall have no obligation to purchase any Bond after May 7January 31, 20222018.

Sale of Bonds. Subject to the terms and conditions herein set forth, including, without limitation, the conditions set forth in Section 5 of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, not more than $30,000,000 15,000,000 principal amount of Bonds at a price of 100% of the principal amount thereof. Notwithstanding any provision of this Agreement to the contrary, the Purchaser shall have no obligation to purchase any Bond after May 7December 31, 20222008.