MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal amount of the Bonds to be redeemed, plus accrued interest thereon to such Redemption Date. If the Issuer is required to redeem the Securitization Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) days prior to the Redemption Date for such redemption whereupon all such Securitization Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Bonds of such Series pursuant to this Section 10.02.
Appears in 3 contracts
Samples: Consumers Energy Co Financing V, Consumers Funding LLC, Consumers Funding LLC
MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal amount of the Bonds to be redeemed, plus accrued interest thereon to such Redemption Date. If the Issuer is required to redeem the Securitization Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) 25 days prior to the Redemption Date for such redemption and shall deposit with the Trustee the redemption price of the Transition Bonds to be redeemed whereupon all such Securitization Transition Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof to each Holder of the Securitization Transition Bonds of such Series pursuant to this Section 10.02.
Appears in 2 contracts
Samples: Pp&l Transition Bond Co Inc, Pp&l Transition Bond Co Inc
MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal amount of the Bonds to be redeemed, plus accrued interest thereon to such Redemption Date. If the Issuer is required to redeem the Securitization Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) 25 days prior to the Redemption Date for such redemption whereupon all such Securitization Transition Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Transition Bonds of such Series pursuant to this Section 10.02.
Appears in 2 contracts
Samples: Sale Agreement, Servicing Agreement (Atlantic City Electric Transition Funding LLC), Indenture (Atlantic City Electric Transition Funding LLC)
MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal Principal amount of the Transition Bonds to be redeemed, plus accrued and unpaid interest thereon to such Redemption Date. If the Issuer is required to redeem the Securitization Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) days prior to the Redemption Date for such redemption whereupon all such Securitization Transition Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Transition Bonds of such Series pursuant to this Section 10.02.
Appears in 2 contracts
Samples: Indenture (JCP&L Transition Funding II LLC), JCP&L Transition Funding II LLC
MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Bonds of a Series on the Redemption Date or DatesDate, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal amount Outstanding Amount of the Bonds Series to be redeemed, plus accrued and unpaid interest thereon to such Redemption DateDate (the "Redemption Price," for purposes of this Section 10.02). If the Issuer is required to redeem the Securitization Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) days prior to the Redemption Date for such redemption redemption, whereupon all such Securitization Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Bonds of such Series pursuant to this Section 10.02.
Appears in 2 contracts
Samples: Detroit Edison Securitization Funding LLC, Detroit Edison Securitization Funding LLC
MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal amount of the Bonds to be redeemed, plus accrued interest thereon to such Redemption Date. If the Issuer is required to redeem the Securitization Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) days prior to the Redemption Date for such redemption whereupon all such Securitization Transition Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Transition Bonds of such Series pursuant to this Section 10.02.
Appears in 2 contracts
Samples: Pse&g Transition Funding LLC, Pse&g Transition Funding LLC
MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem the Securitization Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Series Supplement for such Series, which in any case shall be not less than the outstanding principal amount of the Bonds to be redeemed, plus accrued interest thereon to such Redemption Date. If the Issuer is required to redeem the Securitization Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Trustee not later than twenty-five (25) days prior to the Redemption Date for such redemption whereupon all such Securitization Transition Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Transition Bonds of such Series pursuant to this Section 10.02.
Appears in 1 contract
