Common use of Terms of First Mortgage Bonds Clause in Contracts

Terms of First Mortgage Bonds. The First Mortgage Bonds of each series will have the same stated interest rate, interest payment dates, stated maturity and redemption provisions (including Make-Whole Amount, if any), and will be in the same aggregate principal amount, as the related Notes. Payments of the principal of, Make-Whole Amount, if any, and interest on the Notes of a series shall be deemed to satisfy and discharge the Company’s obligation to make such payments on the related First Mortgage Bonds. Principal of, Make-Whole Amount, if any, and interest on the First Mortgage Bonds are payable at the principal office of the Mortgage Trustee in Edison, New Jersey or at the Company’s option at the principal office of the Collateral Agent.

Appears in 4 contracts

Samples: Sixteenth Supplemental Indenture (New Jersey Resources Corp), Supplemental Indenture (New Jersey Resources Corp), Note Purchase Agreement (New Jersey Resources Corp)

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Terms of First Mortgage Bonds. The First Mortgage Bonds of each series will have the same stated interest rate, interest payment dates, stated maturity and redemption provisions (including Make-Whole Amount, if any), and will be in the same aggregate principal amount, as the related Notes. Payments of the principal of, Make-Whole Amount, if any, and interest on the Notes of a series shall be deemed to satisfy and discharge the Company’s obligation to make such payments on the related First Mortgage Bonds. Principal of, Make-Whole Amount, if any, and interest on the First Mortgage Bonds are payable at the principal office of the Mortgage Trustee in EdisonMorristown, New Jersey or at the Company’s option at the principal office of the Collateral Agent.

Appears in 4 contracts

Samples: Note Purchase Agreement (New Jersey Resources Corp), Purchase Agreement (New Jersey Resources Corp), Note Purchase Agreement (New Jersey Resources Corp)

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