Common use of Senior Secured Notes Redeemed in Part Clause in Contracts

Senior Secured Notes Redeemed in Part. Upon surrender of a Senior Secured Note that is redeemed in part, the Issuer shall issue and, upon the Issuer's written request, the Trustee shall authenticate for the Holder at the expense of the Issuer a new Senior Secured Note equal in principal amount to the unredeemed portion of the Senior Secured Note surrendered.

Appears in 3 contracts

Samples: Term Power Purchase Agreement (Ormat Technologies, Inc.), Operation and Maintenance Agreement (Ormat Technologies, Inc.), Operation and Maintenance Agreement (Ormat Technologies, Inc.)

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Senior Secured Notes Redeemed in Part. Upon surrender of a Senior Secured Note that is redeemed in part, the Issuer Issuers shall issue and, upon the Issuer's Issuers' written request, the Trustee shall authenticate for the Holder at the expense of the Issuer Issuers a new Senior Secured Note equal in principal amount to the unredeemed portion of the Senior Secured Note surrendered.

Appears in 1 contract

Samples: Project Orange Capital Corp

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