Common use of Unexpended Proceeds Clause in Contracts

Unexpended Proceeds. The 2023 Series Q Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2023 Series Q Bonds transferred from the 2023 Series Q subaccount of the Acquisition Account to the 2023 Series Q subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Unexpended Proceeds. The 2023 2024 Series Q B Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2023 2024 Series Q B Bonds transferred from the 2023 2024 Series Q B subaccount of the Acquisition Account to the 2023 2024 Series Q B subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Unexpended Proceeds. The 2023 Series Q N Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2023 Series Q N Bonds transferred from the 2023 Series Q N subaccount of the Acquisition Account to the 2023 Series Q N subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Unexpended Proceeds. The 2023 2018 Series Q C Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices Price communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2023 2018 Series Q C Bonds transferred from the 2023 2018 Series Q C subaccount of the Acquisition Account to the 2023 2018 Series Q C subaccount of the Class I Special Redemption Account Fund pursuant to Section 5.2(d) of this Series Indenture.