Common use of Sinking Fund Redemption Clause in Contracts

Sinking Fund Redemption. The Bonds are also subject to redemption prior to their stated Maturity Date, in part, from Mandatory Sinking Account Payments deposited in the Principal Fund pursuant to Section 5.03 on November 1 of the years specified in (1) any Supplemental Bond Indenture approved by the Borrower in writing, in the aggregate principal amounts specified in such Supplemental Bond Indenture, or (2) any schedule delivered by the Borrower to the Trustee pursuant to Section 2.12B, in the aggregate principal amounts specified in such schedule (except on the Maturity Dates for serial Bonds established pursuant to Section 2.12B(6)), in either case at a Redemption Price equal to 100% of the principal amount thereof together with interest accrued thereon to the date fixed for redemption, without premium; provided, however, that, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries to be redeemed on any such date may be modified by Borrower Order given in connection with the creation of any new subseries or the merger of one or more subseries pursuant to Section 2.02E or any change in the Mode, Credit Facility or Liquidity Facility for the Bonds of such subseries, if the aggregate principal amount of Bonds of all subseries so to be redeemed on each such date remains the same; and provided further, however, that, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries so to be redeemed in any year shall be reduced upon Borrower Request by an amount equal to the principal amount of Bonds of such subseries (a) surrendered uncancelled and in transferable form by the Borrower to the Trustee not less than 45 days prior to such redemption date or (b) selected (not less than five days prior to the last day for mailing notice of such redemption date) for redemption in or prior to such year pursuant to any other Subsection of this Section, if in either case such Bonds shall not have previously served as the basis for any such reduction.

Sinking Fund Redemption. (a) The Bonds are also Notes shall be subject to mandatory redemption in part by lot through payments of the Sinking Fund Redemption Amounts from the Note Payment Account on each monthly Sinking Fund Redemption Date as designated in Exhibit D. (b) Prior to 11:00 a.m., Mountain time, one Business Day prior to their stated Maturity each monthly Sinking Fund Redemption Date, in part, the Trustee shall withdraw from Mandatory Sinking the Concentration Account Payments deposited in and deposit into the Principal Fund pursuant to Section 5.03 on November 1 of the years specified in (1) any Supplemental Bond Indenture approved by the Borrower in writingNote Payment Account, in the aggregate principal amounts specified in such Supplemental Bond Indenture, or (2) any schedule delivered by the Borrower to the Trustee pursuant to Section 2.12B, in the aggregate principal amounts specified in such schedule (except on the Maturity Dates for serial Bonds established pursuant to Section 2.12B(6)), in either case at a Redemption Price equal to 100% of the principal amount thereof together with interest accrued thereon to the date fixed for redemption, without premium; provided, however, that, unless otherwise manner provided in such Supplemental Bond IndentureSection 5.11, the principal amount amounts set forth in Exhibit D relating to the applicable monthly Sinking Fund Redemption Date plus accrued and unpaid interest thereon to (but excluding) the monthly Sinking Fund Redemption Date (hereinafter referred to as "Sinking Fund Redemption Amount"). On or after the Sinking Fund Redemption Date (unless the Debtor shall default in the payment of Bonds the Notes at the Sinking Fund Redemption Amount), interest, if any, on the Notes or portion of any subseries Notes called for Sinking Fund Redemption shall cease to accrue and, except as provided in Section 8.02 below, to be redeemed entitled to any benefit or security under this Note Agreement, and the Noteholders thereof shall have no right in respect of such Notes (or portion thereof) except the right to receive the Sinking Fund Redemption Amount thereof. The Trustee shall as promptly as practicable return to the Debtor from amounts on any such date deposit in the Note Payment Account all funds so deposited by the Debtor that are not required to be paid to Noteholders as the Sinking Fund Redemption Amount. This Section 2.08 shall be applicable only with respect to the Notes (Series II) except as may be modified by Borrower Order given otherwise set forth in connection with a supplement note agreement relating to another series (c) Within the creation time set forth in Section 2.10 below, prior to each monthly Sinking Fund Redemption Date, the Trustee shall give notice to the Clearing Agency of any new subseries the applicable monthly Sinking Fund Redemption and thereafter, the Clearing Agency shall select all or a portion of the merger of one or more subseries pursuant to Section 2.02E or any change beneficial interests in the Mode, Credit Facility or Liquidity Facility for the Bonds of such subseries, if the aggregate principal amount of Bonds of all subseries so Notes held by a Beneficial Owner in a manner to be redeemed on each such date remains determined in the same; sole discretion of the Clearing Agency and provided further, however, that, unless otherwise provided the Clearing Agency Participants in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries so to be redeemed in any year shall be reduced upon Borrower Request by an amount equal to the principal amount of Bonds of such subseries (a) surrendered uncancelled and in transferable form by Sinking Fund Redemption Amount for the Borrower to the Trustee not less than 45 days prior to such redemption date or (b) selected (not less than five days prior to the last day for mailing notice of such redemption date) for redemption in or prior to such year pursuant to any other Subsection of this Section, if in either case such Bonds shall not have previously served as the basis for any such reductionapplicable monthly Sinking Fund Redemption Date.

Sinking Fund Redemption. (a) The Series B-1 Bonds are also subject to mandatory sinking fund redemption prior in part on each sinking fund payment date in a principal amount of the Series B-1 Bonds as set forth in Exhibit C. The principal amount of the Series B-1 Bonds to their stated Maturity Date, in part, from Mandatory Sinking Account Payments deposited in be redeemed on any particular sinking fund payment date shall be reduced by (i) the Principal Fund principal amount of any Bonds of the same series that (A) have been purchased (other than pursuant to Section 5.03 on November 1 of the years specified in (14.09) any Supplemental Bond Indenture approved by the Borrower in writingor, in at the aggregate principal amounts specified in such Supplemental Bond IndentureBorrower’s written direction, or (2) any schedule delivered the Trustee and canceled by the Borrower Trustee at least sixty (60) days prior to such sinking fund payment date and (B) have not previously formed the Trustee basis for such reduction, and (ii) the principal amount of any Bonds which (A) have been redeemed other than pursuant to Section 2.12B, in mandatory sinking fund redemption and (B) have not previously formed the aggregate principal amounts specified in basis for such schedule reduction. (except on the Maturity Dates b) [Reserved]. (c) The redemption price for serial Bonds established pursuant to Section 2.12B(6)), in either case at a Redemption Price equal to any such redemption shall be 100% of the principal amount of the Bonds or portions thereof together with interest so redeemed, plus accrued thereon and unpaid interest, if any, to the date fixed for redemptionsinking fund payment date, and without premium; provided, however, that, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of . The particular Bonds of any subseries to be redeemed on any such date may be modified by Borrower Order given in connection with the creation of any new subseries a series or the merger of one or more subseries pursuant to Section 2.02E or any change in the Mode, Credit Facility or Liquidity Facility for the Bonds of such subseries, if the aggregate principal amount of Bonds of all subseries so portions thereof to be redeemed on each particular sinking fund payment date shall be selected by the Trustee by lot or by such date remains other random means as the same; and provided furtherTrustee shall determine in its discretion, howeverin any case, thatto the extent possible, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of a manner that results in Bonds of any subseries so that remain Outstanding to be redeemed in any year shall be reduced upon Borrower Request by an amount equal to the principal amount Authorized Denominations of Bonds of such subseries (a) surrendered uncancelled and in transferable form by the Borrower to the Trustee not less than 45 days prior $100,000. (d) It shall not be necessary to such surrender a Bond for payment of principal due upon a mandatory sinking fund redemption date or (b) selected (not less other than five days prior the final installment due at maturity, but the Bonds shall have the remaining principal balance set forth upon the Bond register maintained by the Registrar, which entry upon the Bond register shall be deemed conclusive in the absence of clear and convincing evidence to the last day for mailing notice of such redemption datecontrary. (e) for redemption in or prior to such year pursuant to any other Subsection of this Section, if in either case such Bonds shall not have previously served as the basis for any such reduction[Reserved].

Sinking Fund Redemption. (i) The Series 2010A Bonds which are Term Bonds shall also be subject to mandatory sinking fund redemption prior in part by lot on [March] 1, , and on each [March] 1, , thereafter, to their stated Maturity Dateand including [March] 1, in part, from Mandatory Sinking Account sinking fund payments derived from scheduled Base Rental Payments deposited in the Principal Fund pursuant to Section 5.03 on November 1 of the years specified in (1) any Supplemental Bond Indenture approved made by the Borrower in writingCity at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium, in the aggregate respective principal amounts specified and on the respective dates as set forth in such Supplemental Bond Indenturethe following table; provided, or however, that if some but not all of the Term Bonds have been redeemed pursuant to subsection (2a) any schedule delivered above, the total amount of all future sinking fund payments shall be reduced by the Borrower aggregate principal amount of Term Bonds so redeemed, to be allocated among the sinking fund payments as are thereafter payable on a pro rata basis in integral multiples of $5,000 to the extent possible and in inverse order thereafter. The City shall provide the Trustee with a revised schedule. Sinking Fund Redemption Date ([March] 1) Principal Amount to be Redeemed or Purchased †Maturity (ii) The City shall have the option, in lieu of redemption of any term bonds of any Series, to direct the Trustee in a Written Request to use and withdraw amounts on deposit as sinking fund payments for such Series, at any time for the purchase by the City (or an agent on behalf of the City) of term bonds of such Series otherwise required to be redeemed on the following principal payment date, at public or private sale as and when and at such prices (including brokerage and other charges and including accrued interest) as the City may in its discretion determine. The par amount of any of the term bonds of any Series so purchased by the City and surrendered to the Trustee for cancellation in any twelve-month period ending on the principal payment date in any year for such Series shall be credited towards and shall reduce the par amount of such term bonds of such Series otherwise required to be redeemed on such principal payment date pursuant to mandatory sinking fund payment (and corresponding mandatory redemption obligation) as set forth in Section 2.12B, 4.01(a)(i) with respect to Series 2010A Bonds and in the Supplemental Indenture authorizing a Series of Additional Bonds, as applicable. (iii) The City shall also have the option to deliver for cancellation to the Trustee term bonds of any Series in any aggregate principal amounts amount, and to receive a credit therefore against the mandatory sinking fund payment (and corresponding mandatory redemption obligation) set forth in Section 4.01(a)(i) with respect to Series 2010A Bonds and in the Supplemental Indenture authorizing a Series of Additional Bonds, as applicable. That option shall be exercised by the City on or before the 35th day preceding the applicable mandatory sinking fund redemption date, by furnishing to the Trustee a Written Certificate setting forth the extent of the credit to be applied with respect to the mandatory sinking fund payment for the term bonds of the specified in such schedule Series. If the Written Certificate is not furnished timely to the Trustee, no credit shall be made against that mandatory sinking fund payment (except on the Maturity Dates for serial Bonds established pursuant to Section 2.12B(6)and corresponding mandatory redemption obligation), although credits may be available against subsequent mandatory sinking fund payment. To the extent not applied theretofore as a credit against any mandatory sinking fund payment (and the corresponding mandatory redemption obligation) described in either case the preceding paragraph, such a credit shall also be received by the City for any term bonds of a Series which prior thereto have been purchased or redeemed other than through the operation of the mandatory sinking fund payment or have been purchased for cancellation and cancelled by the Trustee. Each term bond of a Series so delivered, redeemed previously, or purchased and cancelled, shall be credited by the Trustee at a Redemption Price equal to 100% 100 percent of the principal amount thereof together with interest accrued thereon against the mandatory sinking fund payment, subject to the date fixed for redemption, without premium; provided, however, thatcompletion of the procedures described above. Any excess of that amount over the then current mandatory sinking fund payment shall be credited against subsequent mandatory sinking fund payment starting with the next subsequent such payment, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries to be redeemed on any such date may be modified by Borrower Order given in connection with the creation of any new subseries or the merger of one or more subseries pursuant to Section 2.02E or any change in the Mode, Credit Facility or Liquidity Facility for the Bonds of such subseries, if the aggregate principal amount of Bonds of all subseries so to be redeemed on each such date remains the same; and provided further, however, that, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries so to be redeemed in any year shall be reduced upon Borrower Request by an amount equal to the principal amount of Bonds of such subseries (a) surrendered uncancelled and in transferable form directed by the Borrower to the Trustee not less than 45 days prior to such redemption date or (b) selected (not less than five days prior to the last day for mailing notice of such redemption date) for redemption City in or prior to such year pursuant to any other Subsection of this Section, if in either case such Bonds shall not have previously served as the basis for any such reductiona Written Certificate.