Common use of User's Obligation Upon Determination of Taxability Clause in Contracts

User's Obligation Upon Determination of Taxability. (a) Upon the occurrence of a Determination of Taxability, the Trustee shall notify the User in writing that all Outstanding Bonds shall be subject to mandatory redemption on the date specified by the Trustee in accordance with the Indenture irrespective of whether the User has violated any covenant or representation in this Lease Agreement. Within seven days after the receipt of such notice the User shall purchase the Project from the Issuer for the price specified in subsection (b) of this Section, which purchase price shall be paid to the Trustee.

User's Obligation Upon Determination of Taxability. (a) Upon the occurrence of a Determination of Taxability, the Trustee shall notify the User in writing that all Outstanding Bonds shall be subject to mandatory redemption on the date specified by the Trustee in accordance with the Indenture irrespective of whether the User has violated any covenant or representation in this a Lease AgreementDefault shall have occurred and be continuing. Within seven days after the receipt of such notice the User shall purchase the Project from the Issuer for the price specified in subsection (b) of this Section, which purchase price shall be paid to the Trustee.

User's Obligation Upon Determination of Taxability. (a) Upon the occurrence of a Determination of Taxability, the Trustee shall notify the User Users in writing that all Outstanding Bonds with respect to which such Determination of Taxability shall have occurred shall be subject to mandatory redemption on the date specified by the Trustee in accordance with the Indenture irrespective of without regard to whether the User has Users have violated any covenant or representation in this Lease Loan Agreement. Within seven days after the receipt of such notice the User shall purchase the Project from the Issuer for the price specified in subsection (b) of this Section, which purchase price shall be paid to the Trustee.

User's Obligation Upon Determination of Taxability. (a) Upon the occurrence of a Determination of Taxability, Taxability the Trustee shall notify the User in writing that all Outstanding Bonds with respect to which such Determination of Taxability shall have occurred shall be subject to mandatory redemption on the date specified by the Trustee in accordance with the Indenture irrespective of without regard to whether the User has violated any covenant or representation in this Lease Agreement. Within seven days after the receipt of such notice the User shall purchase the Project from the Issuer for the price specified in subsection (b) of this Section, which purchase price shall be paid to the Trustee.

User's Obligation Upon Determination of Taxability. (a) Upon the occurrence of a Determination of Taxability, the Trustee shall notify the User in writing that all Outstanding Bonds shall be subject to mandatory redemption in accordance with the terms thereof on the date specified by the Trustee in accordance with the Indenture Trustee, which date shall be within 90 days after such Determination of Taxability irrespective of whether the User has violated any covenant or representation in this Lease Loan Agreement. Within seven days after the receipt of such notice the User shall purchase the Project from the Issuer for the price specified in subsection (b) of this Section, which purchase price shall be paid pay to the TrusteeTrustee the amount required to pay in full all Indenture Indebtedness.

User's Obligation Upon Determination of Taxability. (a) Upon a)Upon the occurrence of a Determination of Taxability, Taxability the Trustee shall notify the User in writing that all Outstanding Bonds with respect to which such Determination of Taxability shall have occurred shall be subject to mandatory redemption on the date specified by the Trustee in accordance with the Indenture irrespective of without regard to whether the User has violated any covenant or representation in this Lease Agreement. Within seven days after the receipt of such notice the User shall purchase the Project from the Issuer for the price specified in subsection (b) of this Section, which purchase price shall be paid to the Trustee.