Common use of Partial Redemption of Bonds Clause in Contracts

Partial Redemption of Bonds. If fewer than all of the Series 20 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the Borrower. If fewer than all of the Series 20 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or integral multiples thereof. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 Bond shall forthwith surrender such Series 20 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 Bond or Series 20 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 2024 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2024 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2024 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2024 Bonds or portions of Series 20 2024 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2024 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2024 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 1,000 denominations and integral multiples thereofthereof until the Series 2024 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2024 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 5.2. hereof, the Owner of such registered Series 20 2024 Bond shall forthwith surrender such Series 20 2024 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2024 Bond or Series 20 2024 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2024 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment . (End of principalArticle V) ARTICLE VI.

Partial Redemption of Bonds. If fewer than all of the Series 20 2016 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2016 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerWLCDC. If fewer than all of the Series 20 2016 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2016 Bonds or portions of Series 20 2016 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2016 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2016 Bonds or portions thereof shall be redeemed only in the minimum principal amount of $5,000 or 100,000 and any $1 integral multiples thereofthereafter. If less than the entire principal amount of any registered Series 20 2016 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2016 Bond shall forthwith surrender such Series 20 2016 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2016 Bond or Series 20 2016 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2016 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 2024A Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2024A Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2024A Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2024A Bonds or portions of Series 20 2024A Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2024A Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2024A Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 1,000 denominations and integral multiples thereofthereof until the Series 2024A Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2024A Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2024A Bond shall forthwith surrender such Series 20 2024A Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2024A Bond or Series 20 2024A Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2024 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 2024 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2024 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2024 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2024 Bonds or portions of Series 20 2024 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2024 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2024 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 1,000 denominations and integral multiples thereofthereof until the Series 2024 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2024 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2024 Bond shall forthwith surrender such Series 20 2024 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2024 Bond or Series 20 2024 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2024 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 2020 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2020 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2020 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2020 Bonds or portions of Series 20 2020 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2020 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2020 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 1,000 denominations and integral multiples thereofthereof until the Series 2020 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2020 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2020 Bond shall forthwith surrender such Series 20 2020 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2020 Bond or Series 20 2020 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2020 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 2022 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2022 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2022 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2022 Bonds or portions of Series 20 2022 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2022 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2022 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or [1,000] denominations and integral multiples thereofthereof until the Series 2022 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2022 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2022 Bond shall forthwith surrender such Series 20 2022 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2022 Bond or Series 20 2022 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2022 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 2023 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 2023 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerCompany. If fewer than all of the Series 20 2023 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 2023 Bonds or portions of Series 20 2023 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 2023 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 2023 Bonds or portions thereof shall be redeemed only in the minimum principal amount of part in $5,000 or 100,000 denominations and integral multiples thereofthereof until the Series 2023 Bonds are paid in full. If less than the entire principal amount of any registered Series 20 2023 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof, the Owner of such registered Series 20 2023 Bond shall forthwith surrender such Series 20 2023 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 2023 Bond or Series 20 2023 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ 2023 Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.

Partial Redemption of Bonds. If fewer than all of the Series 20 Bonds at the time outstanding are to be called for redemption, the maturities of Series 20 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the BorrowerIssuer. If fewer than all of the Series 20 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 20 Bonds or portions of Series 20 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor. Particular Series 20 Bonds or portions thereof shall be redeemed only in the minimum principal amount of [$5,000 or integral multiples thereof][$100,000 or in any integral multiples of $1,000 thereof]. If less than the entire principal amount of any registered Series 20 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 5.3 hereof, the Owner of such registered Series 20 Bond shall forthwith surrender such Series 20 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, plus accrued interest on the principal amount called for redemption and (b) a new Series 20 Bond or Series 20 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 20__ Bond, which shall be issued without charge therefor; provided that so long as the Series 20 Bonds are held in a Book-Entry-System with a depository, any such Series 20 Bonds called for partial redemption do not need to be presented for payment of principal.