Terms of Redemption. The redemption price for each Preferred Unit under any subsection of this Section 5 shall be equal to the Liquidation Payment as of the date of redemption and shall be paid by the Company in cash. The Company shall give notice by mail of redemptions to the Preferred Holders at least five calendar days prior to any date of redemption. Such notice (i) shall specify the date of redemption, and (ii) shall be addressed to the Preferred Holders at the Preferred Holders' address as shown on the records of the Company. If the Company deposits, on or prior to any date fixed for redemption of the Preferred Membership Interest, with any bank or trust company having capital and surplus of at least $50,000,000 as a trust fund, an amount equal to the Liquidation Payment with instructions and authority to such bank or trust company to pay the Liquidation Payment on or after the date fixed for redemption or prior thereto, then, upon the surrender of any certificates (or other evidence of the issuance of the Preferred Membership Interest), from and after the date of such deposit, and notwithstanding that the termination of the Preferred Membership Interest shall not have been memorialized by an appropriate amendment to the governing instruments for the Company, the Preferred Membership Interest shall no longer be deemed to be outstanding and all rights with respect thereto shall forthwith cease and terminate, except only the rights of the Preferred Holders to receive from such bank or trust company at any time after the date of such deposit, the amount of the Liquidation Payment so deposited, without interest. Any funds so deposited and unclaimed at the end of three years from such redemption date shall be released or repaid to the Company, after which the sole right of the Preferred Holders shall be to receive payment of the Liquidation Payment from the Company.
Terms of Redemption. The Bonds are subject to optional redemption prior to maturity as provided in this Article IV.
Terms of Redemption. (a) Upon the occurrence of a Termination Event, the Shareholder or his estate or legal or personal representative, and any other holder of all or any part of the Shares, as the case may be (hereinafter, individually and collectively, the “Transferor”) shall immediately tender all Shares to the Company for redemption at the price specified in Section 7(b) below;
Terms of Redemption. The Debentures shall contain the following provisions in Section 5 thereof regarding the redemption of the Debentures: The Company may, at any time the Debentures are outstanding, upon 20 days written notice to the Holder, elect to redeem the full amount of the Debentures then outstanding or a pro rata portion thereof. The Holder shall have 10 days after receipt of written notice of redemption to submit a Notice of Conversion to the Company if the Holder desires to convert. The redemption price shall be calculated at 120% of the amount of the Debenture being redeemed. All accrued but unpaid interest shall be waived at the time of redemption. Each Holder of the Debenture shall be entitled to redeem a pro rata portion of the Debentures being redeemed by the Company.
Terms of Redemption. Notice of a Provisional Redemption will be mailed not less than 20 days nor more than 60 days before the Provisional Redemption Date to each Holder of Notes to be redeemed at the Holder's registered address. Notice of an Optional Redemption will be mailed not less than 30 days nor more than 60 days before the Optional Redemption Date to each Holder of Notes to be redeemed at the Holder's registered address. Notice of redemption having been given as described above, the Notes so to be redeemed shall, on the applicable Redemption Date, become due and payable at the applicable Redemption Price therein specified and from and after the applicable Redemption Date (unless the Company shall default in the payment of the Redemption Price) such Notes shall cease to bear interest. Notes in denominations larger than $1,000 of principal amount may be redeemed in part but only in integral multiples of $1,000 of principal amount. If fewer than all the Notes are to be redeemed, the Trustee shall select the particular Notes to be redeemed from the Outstanding Notes by the methods as provided in the Indenture. If any Note selected for partial redemption is converted in part before termination of the conversion right with respect to the portion of the Note so selected, the converted portion of such Note shall be deemed to be the portion selected for redemption (provided, however, that the Holder of such Note so converted and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion of such Note). Notes which have been converted during a selection of Notes to be redeemed may be treated by the Trustee as Outstanding for the purpose of such selection. No sinking fund is provided for the Notes.
Terms of Redemption. The Bonds are subject to ------------------- redemption prior to stated maturity as follows:
Terms of Redemption. The 2010 Bonds shall be subject to redemption as provided in this Section.
Terms of Redemption. (a) The Bonds are subject to redemption as a whole or in part, on any date, by such maturities as are selected by the Authority (or, if the Authority fails to designate such maturities, in inverse order of maturity) and by lot within a maturity from and to the extent insurance proceeds received with respect to the Enterprise are not used to repair, rebuild or replace the Enterprise, deposited in the Special Redemption Account pursuant to Section 7.04, or from and to the extent of eminent domain proceeds received with respect to the Enterprise are elected for such use by the Authority, deposited in the Special Redemption Account pursuant to Section 7.06, at a redemption price equal to the principal amount thereof plus accrued interest thereon to the date fixed for redemption, without premium.
Terms of Redemption. (a) The Bonds are subject to redemption prior to their respective stated maturities at the option of the Authority (which option shall be exercised as directed by the Corporation) in whole or in part on any date (in such amounts and of such maturities as may be specified by the Corporation, or if the Corporation fails to designate such maturities, in inverse order of maturity, and by lot within a maturity) upon forty-five (45) days (or such fewer number of days acceptable to the Trustee in its sole discretion) prior written notice to the Trustee from the Corporation, from certain moneys derived from insurance or condemnation proceeds received with respect to the facilities of the Corporation required to be deposited in the Special Redemption Account pursuant to Section XIX of the Regulatory Agreement at the principal amount thereof together with interest accrued thereon to the date fixed for redemption, without premium.
Terms of Redemption. Optional Redemption of Series 2020E Bonds. The Series 2020E Bonds are not subject to optional redemption prior to their respective stated maturity dates. Optional Redemption of Series 2020A Bonds. The Series 2020A Bonds maturing on or before August 1, 2022, are not subject to redemption prior to their respective stated maturity dates. The Series 2020A Bonds maturing on February 1, 2050, are subject to redemption prior to their maturity date, at the option of the District, from any source of available funds, as a whole or in part on any date on or after August 1, 2030, at a redemption price equal to 100% of the principal amount of Series 2020A Bonds to be redeemed, without premium, together with accrued interest thereon to the date fixed for redemption. SCHEDULE A Bond Pricing XXXXXXX COMMUNITY COLLEGE DISTRICT 2020 GENERAL OBLIGATION BONDS, 2006 ELECTION, SERIES E-1 (TAX-EXEMPT) Bond Component Maturity Date* Amount Rate Yield Price Serial Bonds: 8/1/2021 $ 730,000 5.000% 1.140% 104.733 8/1/2022 1,660,000 5.000 1.220 108.321 8/1/2023 2,650,000 5.000 1.290 111.729 8/1/2024 3,735,000 5.000 1.350 114.986 8/1/2025 4,925,000 5.000 1.420 118.010 8/1/2026 6,210,000 5.000 1.480 120.901 8/1/2027 7,605,000 5.000 1.540 123.612 8/1/2028 9,110,000 5.000 1.600 126.144 8/1/2029 10,745,000 5.000 1.660 128.496 8/1/2030 6,255,000 5.000 1.740 130.450 $53,625,000 * At least 10% of each maturity sold as of the sale date, April 22, 2020. 2020 GENERAL OBLIGATION BONDS, 2006 ELECTION, SERIES E-2 (TAXABLE) Bond Component Serial Bond: Maturity Date Amount Rate Yield Price 8/1/2020 $11,375,000 2.250% 2.250% 100.000 $11,375,000 2020 GENERAL OBLIGATION BONDS, 2018 ELECTION, SERIES A Bond Component Serial Bonds: Term Bond: Maturity Date* Amount Rate Yield Price 8/1/2021 $21,795,000 5.000% 1.140% 104.733 8/1/2022 21,855,000 5.000 1.220 108.321 $43,650,000 2/1/2050 $6,350,000 3.000 3.100 98.063 $50,000,000 * At least 10% of each maturity sold as of the sale date, April 22, 2020. APPENDIX B PROPOSED FORM OF SUPPLEMENTAL OPINION OF XXXX COUNSEL [Closing Date] Xxxxxxx Xxxxxxxx Xxxxx & Co., LLC Oakland, California Barclays Capital Inc. San Francisco, California Xxxxxxx Community College District (Alameda County, California) 2020 General Obligation Bonds, 2006 Election, Series E-1 (Tax-Exempt) Xxxxxxx Community College District (Alameda County, California) 2020 General Obligation Bonds, 2006 Election, Series E-2 (Taxable) Xxxxxxx Community College District (Alameda County, California) 2020 Gen...
