Common use of Bond Repurchase Event Clause in Contracts

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 Bonds for a purchase price equal to the aggregate principal amount of 2021 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 2 contracts

Samples: Fourteenth Supplemental Indenture (Texas New Mexico Power Co), Bond Purchase Agreement (Public Service Co of New Mexico)

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Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2022 Bonds for a purchase price equal to the aggregate principal amount of 2021 2022 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 2022 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2022 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 2022 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 2 contracts

Samples: Supplemental Indenture (Texas New Mexico Power Co), Supplemental Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 applicable series of 2020 Bonds for a purchase price equal to the aggregate principal amount of 2021 such series of 2020 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such series of 2020 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 such series of 2020 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 2 contracts

Samples: Indenture (Texas New Mexico Power Co), Texas New Mexico Power Co

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 applicable series of 2024 Bonds for a purchase price equal to the aggregate principal amount of 2021 such series of 2024 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such series of 2024 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, such series of the 2021 2024 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 2024 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Twentieth Supplemental Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2019 Bonds for a purchase price equal to the aggregate principal amount of 2021 the 2019 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 2019 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2019 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2018A Bonds for a purchase price equal to the aggregate principal amount of 2021 the 2018A Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such 2018A Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2018A Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2023 Bonds for a purchase price equal to the aggregate principal amount of 2021 2023 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 2023 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2023 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 2023 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2014A Bonds for a purchase price equal to the aggregate principal amount of 2021 the 2014A Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such 2014A Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2014A Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

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Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 applicable series of 2019 Bonds for a purchase price equal to the aggregate principal amount of 2021 such series of 2019 Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such series of 2019 Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 such series of 2019 Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Tenth Supplemental Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2017A Bonds for a purchase price equal to the aggregate principal amount of 2021 the 2017A Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such 2017A Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2017A Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Eighth Supplemental Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2016A Bonds for a purchase price equal to the aggregate principal amount of 2021 the 2016A Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such 2016A Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2016A Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

Bond Repurchase Event. On the Bond Repurchase Date, the Company shall repurchase (the “Bond Repurchase Requirement”) the 2021 2014A Bonds for a purchase price equal to the aggregate principal amount of 2021 the 2014A Bonds then Outstanding, all accrued and unpaid interest thereon, and the Make-Whole Make‑Whole Amount determined for the Bond Repurchase Date with respect to such principal amount (the “Bond Repurchase Amount”). On the Bond Repurchase Date, the Company will deposit with the Trustee immediately available funds in an amount equal to the Bond Repurchase Amount and the Trustee shall pay such amount as soon as practicable after receipt thereof to the Holders of 2021 such 2014A Bonds. Payment of a Bond Repurchase Amount shall be deemed to satisfy and discharge in full the principal of, and Make-Whole Amount, and accrued and unpaid interest on, the 2021 2014A Bonds. The Company’s obligation to satisfy a Bond Repurchase Requirement shall be mandatory upon the occurrence of a Bond Repurchase Event. Any 2021 Bonds surrendered to the Trustee in connection with a Bond Repurchase Requirement shall promptly be cancelled in accordance with Section 3.09 of the Original Indenture. 199277.16 For the purposes of this Section 2.07, the following terms will have the meanings set forth below:

Appears in 1 contract

Samples: Bond Purchase Agreement (Texas New Mexico Power Co)

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