Purchase of Bonds in Lieu of Redemption. When Bonds are called for redemption pursuant to “Optional Redemption During Long-Term Interest Rate Period,” “Optional Redemption During Daily or Weekly Rate Period” or “Optional Redemption During ARS Rate Period” as provided under paragraph 9 in the form of Bond, the Company may purchase some or all of the Bonds called for redemption if it (or the Remarketing Agent) gives written notice to the Trustee, the Remarketing Agent, the Auction Agent, the Broker-Dealers and the Bond Insurer not later than the day before the redemption date that it wishes to purchase the principal amount of Bonds specified in the notice, at a purchase price equal to the redemption price. On the date specified as the redemption date, the Trustee will be furnished sufficient remarketing proceeds (or other funds provided by the Company as provided in Section 4.07(b) hereof) in sufficient time for the Trustee to make the purchase on the redemption date. Any such purchase of Bonds by the Company shall not be deemed to be a payment or redemption of the Bonds or any portion thereof and such purchase shall not operate to extinguish or discharge the indebtedness evidenced by such Bonds.
Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A), moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase, at public or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 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase and any premium which would otherwise be due if such Bonds were to be redeemed in accordance with this Agreement.
Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A) above, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2016 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase prior to the selection of 2016 Bonds for redemption, 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 2016 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase.
Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A), moneys in the Bond Fund or other funds provided by the City may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2022 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 2022 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase and any premium which would otherwise be due if such 2022 Bonds were to be redeemed in accordance with this Agreement. Any 2022 Bonds purchased pursuant to this Section 2.03(C) shall be treated as outstanding 2022 Bonds under this Fiscal Agent Agreement, except to the extent otherwise directed by the Administrative Services Director.
Purchase of Bonds in Lieu of Redemption. When Bonds are called for redemption pursuant to Section 3.06(d)(i), (ii), (iii) or (iv), or, but only with the prior written approval of the Bond Insurer, Section 3.06(c), the Borrower may purchase some of or all of the Bonds called for redemption if it (or the Remarketing Agent) gives a written notice by Electronic Means to the Trustee, the Remarketing Agent and the Auction Agent, if applicable, not later than the day before the redemption date that it wishes to purchase the Bonds, the principal amount of which is specified in the notice at a Purchase Price equal to the redemption price, and furnishes the Trustee sufficient remarketing proceeds (or as otherwise permitted in Exhibit A) in sufficient time for the Trustee to make the purchase on the redemption date. The Trustee will purchase the Bonds pursuant to this Section only as provided in Exhibit A. Any such purchase of Bonds by the Borrower shall not be deemed to be a payment or redemption of the Bonds or any portion thereof and such purchase shall not operate to extinguish or discharge the indebtedness evidenced by such Bonds.
Purchase of Bonds in Lieu of Redemption. In lieu of redemption of Bonds as provided in paragraphs (a) and (b) of this Section 4.01, amounts held by the Trustee for such redemption may also be used on any Interest Payment Date, upon receipt by the Trustee at least ninety (90) days prior to the next scheduled Interest Payment Date of the written request of an Authorized Repre- sentative of the City, for the purchase of Bonds at public or private sale as and when and at such prices (including brokerage, accrued interest and other charges) as the City may in its discretion direct, but not to exceed the redemption price which would be payable if such Bonds were re- deemed; provided, however, that no Bonds shall be purchased in lieu of redemption with a trade settlement date less than seventy-five (75) days prior to the relevant redemption date. Such pur- chases may be affected through the investment department of the Trustee or of an affiliate of the Trustee. The aggregate principal amount of Bonds of the same maturity purchased in lieu of re- demption pursuant to this paragraph shall not exceed the aggregate principal amount of Bonds of such maturity which would otherwise be subject to such redemption.
Purchase of Bonds in Lieu of Redemption. When Bonds are called for redemption pursuant to “Optional Redemption During Term Interest Rate Period” or “Optional Redemption During Daily or Weekly Rate Period” as provided under paragraph 9 in the form of Bond, the Company may purchase some or all of the Bonds called for redemption if it (or the Remarketing Agent) gives written notice to the Trustee and the Remarketing Agent not later than the day before the Redemption Date that it wishes to purchase the principal amount of Bonds specified in the notice, at a Purchase Price equal to the Redemption Price. On the date specified as the Redemption Date, the Trustee will be furnished sufficient remarketing proceeds (or other funds provided by the Company as provided in Section 4.07(b) hereof) in sufficient time for the Trustee to make the purchase on the Redemption Date. Any such purchase of Bonds by the Company shall not be deemed to be a payment or redemption of the Bonds or any portion thereof and such purchase shall not operate to extinguish or discharge the indebtedness evidenced by such Bonds.
Purchase of Bonds in Lieu of Redemption. Pursuant to Section 4.07 of the Indenture, the Company shall have the right to purchase Bonds called for redemption pursuant to Section 4.01 of the Indenture, in lieu of such redemption, at a purchase price equal to the applicable redemption price, plus accrued interest to the purchase date (which purchase date shall be the date such Bonds would otherwise have been redeemed in accordance with the applicable provisions of Section 4.01 of the Indenture). No purchase of Bonds pursuant to Section 4.07 of the Indenture by the Company shall be deemed to be a prepayment of the amounts due from the Company hereunder or of any portion thereof. Such purchase shall not operate to extinguish or discharge this Financing Agreement.
Purchase of Bonds in Lieu of Redemption. When Bonds are called for redemption pursuant to Section 9.1(a), the Company may (i) purchase, if no Letter of Credit is then in effect with respect to the affected Bonds, or (ii) cause to be purchased by directing a drawing on any Letter of Credit then in effect with respect to the affected Bonds, some or all of the Bonds called for redemption for a price equal to the otherwise applicable redemption price, if it gives written notice to the Trustee by 5:00 p.m., New York City time, on the day before the Redemption Date that it wishes to purchase a principal amount of the Bonds that is specified in the notice and furnishes the Trustee sufficient money (including amounts drawn under the Letter of Credit) in sufficient time for the Paying Agent to make the purchase on the Redemption Date. Provided that sufficient funds are timely delivered to the Trustee, the Trustee will purchase Bonds called for redemption pursuant to Section 9.1(a) unless the Trustee is otherwise instructed in writing by the Company, or unless this Indenture otherwise requires that such Bonds be redeemed and cancelled before the Redemption Date. Bonds that are purchased in lieu of redemption pursuant to
Purchase of Bonds in Lieu of Redemption. If any Bond is called for optional redemption in whole or in part, the City may elect, as provided in this Section 4.06, to have such Bond purchased in lieu of redemption in accordance with this Section.
