Selection of Certificates for Prepayment. Whenever provision is made in this Trust Agreement for the prepayment of Certificates and less than all Outstanding Certificates are called for
Selection of Certificates for Prepayment. Whenever less than all of the Outstanding Series of Certificates are to be prepaid on any one date, the City shall determine which Series of Certificates are to be prepaid. Whenever less than all the Outstanding Certificates of any Series are to be prepaid on any one date, the Trustee shall select the Certificates to be prepaid in any manner that the Trustee deems fair and appropriate, consistent with Section 5.05 of the Sublease, which decision shall be final and binding upon the City, the Corporation and the Owners, and the Trustee shall promptly notify the Corporation and the City in writing of the numbers of the Certificates so selected for prepayment on such date. For purposes of such selection, any Certificate may be prepaid in part in Authorized Denominations.
Selection of Certificates for Prepayment. Whenever provision is made herein for the prepayment of Certificates and less than all Outstanding Certificates of any one maturity are called for prepayment, the Trustee shall select Certificates for prepayment within such maturity by lot in any manner deemed fair by the Trustee. For the purposes of such selection, Certificates shall be deemed to be composed of $5,000 portions, and any such portion may be separately prepaid. The Trustee shall promptly notify the District and the Corporation in writing of the Certificates or portions thereof so selected for prepayment. The selection by the Trustee of any Certificates for prepayment shall be final and conclusive.
Selection of Certificates for Prepayment. Whenever provision is made in this Trust Agreement for the prepayment of Certificates and less than all Outstanding Certificates of any maturity are called for prepayment, the Trustee shall select Certificates of such maturity for prepayment by lot. For the purposes of such selection, Certificates are deemed to be composed of $5,000 portions, and any such portion may be separately prepaid. The Trustee shall promptly notify the District and the Corporation in writing of the Certificates or portions thereof so selected for prepayment.
Selection of Certificates for Prepayment. Whenever provision is made in this Trust Agreement for the optional prepayment of a series of Certificates and less than all Outstanding Certificates of such series are called for optional prepayment, the Trustee shall select Certificates for optional prepayment from among maturities selected by the City and by lot within any maturity. For extraordinary prepayment of Certificates pursuant to Section 4.02 hereof, the Trustee shall select Certificates for prepayment as nearly as practicable on a pro rata basis among series and among maturities within a series and by lot within any maturity. The Trustee shall promptly notify the City and the Authority in writing of the Certificates so selected for prepayment by mailing to the City and the Authority copies of the notice of prepayment provided for in Section 4.05.
Selection of Certificates for Prepayment. Whenever provision is made in this Trust Agreement for the extraordinary and optional prepayment of Certificates (other than prepayment pursuant to Section 4.04 hereof), the Trustee shall select Certificates for prepayment, from the Outstanding Certificates not previously called for prepayment, as directed by the District or, if the District does not so direct, pro rata among maturities and by lot within each maturity. The Trustee shall promptly notify the District in writing of the Certificates so selected for prepayment by mailing to the District, or by any electronic methods acceptable to the District, copies of the notice of prepayment provided for in Section 4.06 hereof.
Selection of Certificates for Prepayment. Whenever provision is made in this Trust Agreement for the prepayment of the Certificate and less than all the Outstanding Certificate is called for prepayment, the Trust Administrator shall select the portion of the Certificate to be prepaid for prepayment in any order of maturity selected by the County and by lot within a maturity. The Trust Administrator shall promptly notify the County and the Corporation in writing of the Certificates so selected for prepayment.
Selection of Certificates for Prepayment. (a) If less than all of the Certificates are to be prepaid pursuant to subsection 3.01(a) or 3.01(c), they will be prepaid as among maturities in such manner as the Town may elect.
(b) If less than all of the Certificates of any maturity are to be prepaid, the Trustee will select the Certificates to be prepaid by lot; provided, however, that so long as a book-entry system with DTC is used for determining beneficial ownership of Certificates, if less than all of the Certificates within a maturity are to be prepaid, DTC will determine which of the Certificates within any such maturity are to be prepaid in accordance with DTC’s own rules and procedures.
(c) In any case, (1) the portion of any Certificate to be prepaid will be in the principal amount of $5,000 or some multiple thereof, and (2) in selecting Certificates for prepayment, each Certificate will be considered as representing that number of Certificates which is obtained by dividing the principal amount of such Certificate by $5,000. If a portion of a Certificate will be called for prepayment, a new Certificate in principal amount equal to the unpaid portion thereof will be issued to the registered owner upon the surrender thereof.
Selection of Certificates for Prepayment. Whenever less than all of the Certificates are called for prepayment, the Trustee shall select the Certificates or portions thereof to be prepaid from the Outstanding Certificates in accordance with Section 4.1 hereof. The Trustee shall promptly notify the District in writing of the numbers of the Certificates or portions thereof so selected for prepayment.
Selection of Certificates for Prepayment. Whenever less than all the Outstanding Certificates are to be prepaid on any one date, the District shall select the Certificate Payment Dates from which such Certificates shall be prepaid, and whenever less than all the Outstanding Certificates of any one Certificate Payment Date are to be prepaid on any one date, the Trustee (upon receipt of a Request of the District) shall select the Certificates of such Certificate Payment Date to be prepaid in whole or in part from the Outstanding Certificates of such Certificate Payment Date by lot in any manner that the Trustee deems fair, and the Trustee shall promptly notify the Corporation and the District in writing of the numbers of the Certificates so selected for prepayment in whole or in part on such date.
