Common use of MANDATORY REDEMPTION BY ISSUER Clause in Contracts

MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem (i) the 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 plus accrued interest thereon to such Redemption Date and (ii) the Transition Bonds of all Series if the Issuer receives Liquidated Damages on the Liquidated Damages Redemption Date at a Redemption Price that shall be equal to the then outstanding principal amount of the Transition Bonds as of the Liquidated Damages Redemption Date plus accrued interest to such Redemption Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Bond Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Bond Trustee the Redemption Price of the Transition Bonds to be redeemed whereupon all such 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 Transition Bonds of such Series pursuant to this Section 10.02.

MANDATORY REDEMPTION BY ISSUER. (a) The Issuer shall redeem (i) the 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 plus accrued interest thereon to such Redemption Date and (ii) the Transition Bonds of all Series Series, if the Issuer receives Liquidated Damages Damages, on the Liquidated Damages Redemption Date at a Redemption Price that shall be equal to the then outstanding principal amount of the Transition Bonds as of the Liquidated Damages Redemption Date plus accrued interest to such Redemption Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.02, it shall furnish notice of such requirement to the Bond Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Bond Trustee the Redemption Price of the Transition Bonds to be redeemed whereupon all such 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 Transition Bonds of such Series pursuant to this Section 10.02.

MANDATORY REDEMPTION BY ISSUER. The If the Seller is required to repurchase the RRB Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the RRB Property pursuant to Section 5.01(e) of the Sale Agreement, the Issuer shall be required to redeem all outstanding Bonds on or before the fifth Business Day following the Repurchase Date (isuch date of mandatory redemption, the "Mandatory Redemption Date") the Transition Bonds of for 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 plus accrued interest thereon to such Redemption Date and (ii) the Transition Bonds of all Series if the Issuer receives Liquidated Damages on the Liquidated Damages Redemption Date at a Redemption Price that shall be purchase price equal to the then outstanding principal amount of the Transition Bonds as of plus accrued and unpaid interest thereon at the Liquidated Damages Bond Interest Rate to the Mandatory Redemption Date plus accrued interest to (such price being called the "Mandatory Redemption DatePrice"). If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0210.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such requirement redemption to the Bond Trustee and the Rating Agencies not later than 25 days prior to the Redemption one Business Day before such Repurchase Date for such redemption and shall deposit with the Bond Trustee Trustee, not later than 12:00 noon Eastern Time on the Repurchase Date, the Mandatory Redemption Price of the Transition Bonds to be redeemed whereupon all such Transition Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof 10.05 to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0210.04.

MANDATORY REDEMPTION BY ISSUER. The If the Seller is required to ------------------------------ repurchase the RRB Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the RRB Property pursuant to Section 5.01(e) of the Sale Agreement, the Issuer shall be required to redeem all outstanding Bonds on or before the fifth Business Day following the Repurchase Date (isuch date of mandatory redemption, the "Mandatory Redemption Date") the Transition Bonds of for 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 plus accrued interest thereon to such Redemption Date and (ii) the Transition Bonds of all Series if the Issuer receives Liquidated Damages on the Liquidated Damages Redemption Date at a Redemption Price that shall be purchase price equal to the then outstanding principal amount of the Transition Bonds as of plus accrued and unpaid interest thereon at the Liquidated Damages Bond Interest Rate to the Mandatory Redemption Date plus accrued interest to (such price being called the "Mandatory Redemption DatePrice"). If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0210.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such requirement redemption to the Bond Trustee and the Rating Agencies not later than 25 days prior to the Redemption one Business Day before such Repurchase Date for such redemption and shall deposit with the Bond Trustee Trustee, not later than 12:00 noon Eastern Time on the Repurchase Date, the Mandatory Redemption Price of the Transition Bonds to be redeemed whereupon all such Transition Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof 10.05 to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0210.04.

MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem (i) the all Transition Bonds of a Series that have been called for redemption pursuant to this Indenture on the Redemption Date or Dates, if any, in the amounts required, if any, and at the Redemption Price redemption price specified in the Series Supplement for such Series plus accrued interest thereon to such Redemption Date and (ii) the Transition Bonds of all Series if the Issuer receives Liquidated Damages on the Liquidated Damages Redemption Date at a Redemption Price that Series, which in any case shall be equal to not less than the then outstanding principal Principal amount of the Transition Bonds as of the Liquidated Damages Redemption Date to be redeemed, plus accrued interest to Interest thereon to, but excluding, such Redemption Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0210.01, it shall furnish written notice of such requirement to the Bond Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Bond Trustee the Redemption Price redemption price of the Transition Bonds to be redeemed plus all other amounts due and payable hereunder whereupon all such Transition Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.03 10.02 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0210.01.