Common use of Obligation to Prepay Clause in Contracts

Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemption, it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, in an amount sufficient to redeem such Bonds on the date fixed for the redemption of the Bonds.

Appears in 10 contracts

Samples: Financing Agreement (Nevada Power Co), Financing Agreement (Nevada Power Co), Financing Agreement (Nevada Power Co)

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Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemptionredemption (except as otherwise provided in Section 3.02 of the Indenture), it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, part in an amount sufficient to redeem such Bonds on the date fixed for the redemption of the such Bonds.

Appears in 8 contracts

Samples: Financing Agreement (Nevada Power Co), Financing Agreement (Nevada Power Co), Financing Agreement (Sierra Pacific Resources /Nv/)

Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemption, it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, part in an amount sufficient to redeem such Bonds on the date fixed for the redemption of the such Bonds.

Appears in 4 contracts

Samples: Financing Agreement (Nevada Power Co), Financing Agreement (Nevada Power Co), Financing Agreement (Sierra Pacific Power Co)

Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemption, it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, in an amount sufficient to redeem such Bonds on the date fixed for the redemption of the Bonds.

Appears in 1 contract

Samples: Financing Agreement (America West Airlines Inc)

Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemption, it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, in an amount sufficient to redeem such the Bonds on the date fixed for the redemption of the Bonds. The Company covenants to promptly give notice in writing to the Trustee and the Issuer of the occurrence of any event of which the Company has knowledge which would require the mandatory redemption of any of the Bonds, except for mandatory sinking fund redemptions pursuant to Section 308 of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Intrepid Technology & Resources, Inc.)

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Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemptionredemption (except as otherwise provided in Section 3.02 of the -19- Indenture), it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, part in an amount sufficient to redeem such Bonds on the date fixed for the redemption of the such Bonds.

Appears in 1 contract

Samples: Financing Agreement (Sierra Pacific Resources /Nv/)

Obligation to Prepay. The Company covenants and agrees that if all or any part of the Bonds are unconditionally called for redemption in accordance with the Indenture or become subject to mandatory redemption, it will prepay the indebtedness hereunder in whole or in part, prior to the date on which notice of such redemption is given to the owners of such Bonds, part in an amount sufficient to redeem such Bonds on the date fixed for the redemption of the such Bonds.. 4840-3734-7631.3

Appears in 1 contract

Samples: Financing Agreement (Sierra Pacific Power Co)

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