Common use of Maturity; Surrender, Etc Clause in Contracts

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 Bonds pursuant to this Section 2.03, the principal amount of each 2025 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 Bond shall be issued in lieu of any prepaid principal amount of any 2025 Bond.

Appears in 4 contracts

Sources: Twenty Sixth Supplemental Indenture (Public Service Co of New Mexico), Bond Purchase Agreement (Texas New Mexico Power Co), Twenty Fourth Supplemental Indenture (Texas New Mexico Power Co)

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 2019 Bonds pursuant to this Section 2.03, the principal amount of each 2025 2019 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Make‑Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Make‑Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 2019 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 2019 Bond shall be issued in lieu of any prepaid principal amount of any 2025 2019 Bond.

Appears in 2 contracts

Sources: Eleventh Supplemental Indenture (Texas New Mexico Power Co), Tenth Supplemental Indenture (Texas New Mexico Power Co)

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 2022 Bonds pursuant to this Section 2.03, the principal amount of each 2025 2022 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 2022 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 2022 Bond shall be issued in lieu of any prepaid principal amount of any 2025 2022 Bond.

Appears in 2 contracts

Sources: Seventeenth Supplemental Indenture (Texas New Mexico Power Co), Fifteenth Supplemental Indenture (Texas New Mexico Power Co)

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 2024 Bonds pursuant to this Section 2.03, the principal amount of each 2025 2024 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 2024 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 2024 Bond shall be issued in lieu of any prepaid principal amount of any 2025 2024 Bond.

Appears in 2 contracts

Sources: Supplemental Indenture (Texas New Mexico Power Co), Twentieth Supplemental Indenture (Texas New Mexico Power Co)

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 2020 Bonds pursuant to this Section 2.03, the principal amount of each 2025 2020 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 2020 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 2020 Bond shall be issued in lieu of any prepaid principal amount of any 2025 2020 Bond.

Appears in 2 contracts

Sources: Thirteenth Supplemental Indenture (Texas New Mexico Power Co), Twelfth Supplemental Indenture (Texas New Mexico Power Co)

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 2021 Bonds pursuant to this Section 2.03, the principal amount of each 2025 2021 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 2021 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 2021 Bond shall be issued in lieu of any prepaid principal amount of any 2025 2021 Bond.

Appears in 2 contracts

Sources: Supplemental Indenture (Texas New Mexico Power Co), Bond Purchase Agreement (Public Service Co of New Mexico)

Maturity; Surrender, Etc. In the case of each optional prepayment of 2025 2023 Bonds pursuant to this Section 2.03, the principal amount of each 2025 2023 Bond to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any 2025 2023 Bond paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no 2025 2023 Bond shall be issued in lieu of any prepaid principal amount of any 2025 2023 Bond.

Appears in 1 contract

Sources: Nineteenth Supplemental Indenture (Texas New Mexico Power Co)