Common use of Prepayment and Redemption Clause in Contracts

Prepayment and Redemption. The Borrower shall have the option to prepay its obligations hereunder at the times and in the amounts as necessary to exercise its option to cause the Bonds to be redeemed as set forth in the Indenture and in the Bonds. The Borrower hereby agrees that it shall prepay its obligations hereunder at the times and in the amounts as necessary to accomplish the extraordinary mandatory redemption of the Bonds as set forth in the Indenture and in the Bonds. The Authority, at the request of the Borrower, shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the Outstanding Bonds, as may be specified by the Borrower, on the date established for such redemption. Payments owed hereunder due to the early redemption of the Bonds shall be paid to the Trustee on or prior to the date set for redemption thereof.

Prepayment and Redemption. The Borrower shall will have the option to prepay its obligations hereunder under the Agreement at the times and in the amounts as necessary to exercise its option to cause the Bonds to be redeemed as set forth in the Indenture and in the Bonds. The Borrower hereby agrees will agree that it shall will prepay its obligations hereunder under the Agreement at the times and in the amounts as necessary to accomplish the extraordinary mandatory redemption of the Bonds as set forth in the Indenture and in the Bonds. The Authority, at the request of the Borrower, shall forthwith will take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the Outstanding outstanding Bonds, as may be specified by the Borrower, on the date established for such redemption. Payments owed hereunder thereunder due to the early redemption of the Bonds shall will be paid to the Trustee on or prior to the date set for redemption thereof.

Prepayment and Redemption. The Borrower shall have the option to prepay its obligations hereunder at the times and in the amounts as necessary to exercise its option to cause the Bonds to be redeemed as set forth in the Indenture and in the Bonds. The Borrower hereby agrees that it shall prepay its obligations hereunder at the times and in the amounts as necessary to accomplish the extraordinary mandatory redemption of the Bonds as set forth in the Indenture and in the Bonds. The Authority, at the request of the Borrower, shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the Outstanding outstanding Bonds, as may be specified by the Borrower, on the date established for such redemption. Payments owed hereunder due to the early redemption of the Bonds shall be paid to the Trustee on or prior to the date set for redemption thereof.