Common use of Redemption Dates and Prices Clause in Contracts

Redemption Dates and Prices. (a) The Series 2016 Bonds are subject to optional redemption by the Issuer, prior to maturity, at the option of the WLCDC, on any date (so long as the Series 2016 Bonds bear interest at the Prime Rate), in whole or in part, in such order of maturity as the WLCDC shall direct and by lot within maturities, at face value, without premium, plus in each case accrued interest to the date fixed for redemption.

Appears in 2 contracts

Sources: Trust Indenture, Trust Indenture