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Common use of Current Refunding Clause in Contracts

Current Refunding. Proceeds of the Refunding Portion will be used to pay the principal portion and interest portion of basic rent payments on the Refunded Obligations. All of these proceeds will be spent on December 1, 2020, which is not later than 90 days after the Issue Date.

Appears in 2 contracts

Sources: Fourth Supplemental Lease Purchase Agreement, Fourth Supplemental Lease Purchase Agreement

Related Clauses

  • Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes
  • Repurchase of Mortgage Loans with First Payment Defaults
  • Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert
  • Payment of Outstanding Indebtedness, etc
  • Subsequent Financings

Parent Clauses

  • ARBITRAGE CERTIFICATIONS AND COVENANTS
  • MISCELLANEOUS
  • Foreign Account Tax Compliance Act
  • Indemnification
  • Iran, Sudan and Foreign Terrorists Organizations

Sub-Clauses

  • Proceeds Used For Current Refunding
  • Transferred Proceeds
  • Current Refunding
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