EXTRAORDINARY TERMINATION OPTION Sample Clauses

EXTRAORDINARY TERMINATION OPTION. The District shall have, and is hereby granted, the extraordinary option to terminate this Agreement upon prepayment of the amounts sufficient to provide for the full payment of the Series 1996 Bonds (or to make provision for such payment in accordance with the provisions of the Indenture) and all amounts due under the Reimbursement Agreement and the Deed of Trust, upon the occurrence of any of the events set forth in Section 9.10(b) or (c) of the Indenture. To exercise such option, the District shall, within sixty (60) days following the event authorizing or requiring such prepayment, give written notice to the Corporation and to the Trustee, and shall specify therein the date for prepayment of the Series 1996 Bonds and specifying the date redemption of the Series 1996 Bonds is to be made from such prepayment, subject, however, to the provisions for the deposit of proceeds of condemnation awards, or other available money held by the Trustee under the Indenture, as set forth in the Indenture. Provision shall be made for redemption of the Series 1996 Bonds in accordance with the express provisions of the Indenture, and the District shall in all respects make arrangements satisfactory to the Trustee for the giving of the required notice of redemption in accordance therewith.