Mandatory Redemption From Prepayments Clause Samples

Mandatory Redemption From Prepayments. The 2018 Bonds shall be subject to mandatory redemption from Prepayments of the Special Tax by property owners, in whole or in part among maturities as shall be specified by the City and by lot within a maturity, on any Interest Payment Date at the following respective redemption prices (expressed as percentages of the principal amount of the 2018 Bonds to be redeemed), plus accrued interest thereon to the date of redemption: Redemption Price Redemption Dates September 1, 2018 through and including March 1, 2026 103% September 1, 2026 and March 1, 2027 102 September 1, 2027 and March 1, 2028 101 September 1, 2028 and any Interest Payment Date thereafter 100

Mandatory Redemption From Prepayments. The 2017 Bonds are subject to mandatory redemption from Prepayments of the Special Tax by property owners, in whole or in part among maturities as specified by the City and by lot within a maturity, on any Interest Payment Date at the following respective redemption prices (expressed as percentages of the principal amount of the 2017 Bonds to be redeemed), plus accrued interest thereon to the date of redemption: Redemption Dates Interest Payment Dates through March 1, 2025 Redemption Price 103% September 1, 2025 and March 1, 2026 102 September 1, 2026 and March 1, 2027 101 September 1, 2027 and Interest Payment Dates thereafter (iii) [Reserved] 100 In lieu of redemption under this Section 2.03, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2017 Bonds, upon the filing with the Fiscal Agent of an Officer's Certificate requesting such purchase, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer's Certificate may provide, but in no event may 2017 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase.