Common use of Failure to Provide Alternate Credit Facility Clause in Contracts

Failure to Provide Alternate Credit Facility. The Bonds shall be -------------------------------------------- subject to mandatory redemption during the Variable Rate Period at one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of redemption, on the Interest Payment Date occurring closest to but not after fifteen (15) days prior to the date of expiration of the then current Credit Facility, unless an Alternate Credit Facility has been provided in accordance with Article VI hereof.

Appears in 1 contract

Samples: Trust Indenture (Laralev Inc)

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Failure to Provide Alternate Credit Facility. The Bonds shall be -------------------------------------------- subject to mandatory redemption in whole during the Variable Rate Period at one hundred percent (a redemption price equal to 100%) % of the principal amount thereof, without premium, plus interest accruedaccrued interest, if any, thereon to the date of redemption, on the Interest Payment Date occurring closest to but not after fifteen (15) less than 15 days prior to the date of expiration of the then current Credit Facility, unless an Alternate Credit Facility has been provided in accordance with Article VI hereof.

Appears in 1 contract

Samples: Trust Indenture (Lunn Industries Inc /De/)

Failure to Provide Alternate Credit Facility. The Bonds shall be -------------------------------------------- subject to mandatory redemption during the Variable Rate Period at one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of redemption, on the Interest Payment Date occurring closest to but not after fifteen (15) days prior to the date of expiration of the then current Credit Facility, unless an Alternate Credit Facility has been provided in accordance with Article VI hereof.

Appears in 1 contract

Samples: Trust Indenture (Sterile Recoveries Inc)

Failure to Provide Alternate Credit Facility. The Bonds shall be -------------------------------------------- subject to mandatory redemption in whole during the Variable Rate Period at one hundred percent (100%) % of the principal amount thereof, without premium, plus interest accruedaccrued interest, if any, thereon to the date of redemption, on the Interest Payment Date occurring closest to but not after fifteen (15) days prior to next preceding the date of expiration of the then current Credit Facility, unless an Alternate Credit Facility has been provided in accordance with Article ARTICLE VI hereof.

Appears in 1 contract

Samples: Loan Agreement (Genlyte Group Inc)

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Failure to Provide Alternate Credit Facility. The Bonds shall be -------------------------------------------- subject to mandatory redemption during the Variable Rate Period at one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of redemption, on the Interest Payment Date occurring closest to but not after fifteen (15) days prior to the date of expiration of the then current Credit Facility, unless an Alternate Credit Facility has been provided in accordance with Article VI 6 hereof.

Appears in 1 contract

Samples: Trust Indenture (Lower Road Associates LLC)

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