Common use of Selection by Trustee of Bonds to be Redeemed Clause in Contracts

Selection by Trustee of Bonds to be Redeemed. Subject to the provisions of subsection (a) and (b) of Section 6.03 of the Original Indenture, if fewer than all of the Bonds are to be redeemed, the particular Bonds to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee by prorating, as nearly as practicable, the principal amount of such Bonds to be redeemed among the Holders of such Bonds.

Appears in 3 contracts

Samples: Participation Agreement (Entergy Louisiana Inc), Participation Agreement (Entergy Louisiana Inc), Participation Agreement (Entergy Louisiana Inc)

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Selection by Trustee of Bonds to be Redeemed. Subject to the provisions of subsection (a) and (b) of Section 6.03 of the Original Indenture, if fewer than all of the Bonds of either series are to be redeemed, the particular Bonds of such series to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee by prorating, as nearly as practicable, the principal amount of such Bonds to be redeemed among the Holders of such Bonds.

Appears in 1 contract

Samples: Louisiana Power & Light Co /La/

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