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 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 Outstanding Certificates of any one maturity are called for prepayment, the Trustee will select Certificates for prepayment, that are not held by a Depository, within such maturity by lot in any manner deemed fair by the Trustee. For the purposes of such selection, Certificates will be deemed to be composed of $5,000 portions, and any such portion may be separately prepaid. The Trustee shall promptly notify the City 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 is 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. (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. If the Certificates are in book-entry form at the time of prepayment, and less than all of the State Payments are being prepaid, the Fiscal Agent will direct DTC to instruct the DTC Participants to select such Certificates for prepayment by lot among all Beneficial Owners of the Certificates with the Principal Payment Date being prepaid. Neither the State nor the Fiscal Agent will have responsibility to insure that DTC or its participants properly select such Certificates for prepayment. If the Certificates are not then in book-entry form at the time of prepayment, the Fiscal Agent shall select such Certificates for prepayment, randomly among Owners, to the greatest extent possible, subject to maintaining Authorized Denominations.
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.
Selection of Certificates for Prepayment. Whenever less than all the Outstanding Certificates are to be prepaid on any one date, the Trustee shall select the Certificates to be prepaid (a) with respect to any prepayment pursuant to subsection (a) of Section 4.01 hereof, among Certificates with different stated Principal Payment Dates in proportion to the amount by which the principal components of the Base Rental Payments evidenced by such Certificates are abated pursuant to Section 3.06 of the Lease Agreement, and (b) with respect to any prepayment pursuant to subsections (b) or (c) of Section 4.01 hereof, as directed in a Written Request of the District, and by lot among Certificates with the same stated Principal Payment Date in any manner that the Trustee deems fair and appropriate, which decision shall be final and binding upon the District and the Owners. The Trustee shall promptly notify the District 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 less than all the Outstanding Certificates are to be prepaid on any one date, the Trustee will select the Certificates to be prepaid
