Common use of Selection of Bonds for Redemption Clause in Contracts

Selection of Bonds for Redemption. If less than all of the Bonds are called for redemption, such bonds shall be redeemed in inverse order of maturities or as otherwise directed by the District. If less than all of the Bonds of any given maturity are called for redemption, the portions of such bonds of a given maturity to be redeemed shall be determined by lot. For purposes of such selection, each Bond shall be deemed to consist of individual Bonds of denominations of $5,000 principal amount each, which may be separately redeemed.

Selection of Bonds for Redemption. If less than all of the Bonds are called for redemption, such bonds Bonds shall be redeemed in inverse order of maturities or as otherwise directed by the District. If less than all of the Bonds of any given maturity are called for redemption, the portions of such bonds Bonds of a given maturity to be redeemed shall be determined by lot. For purposes of such selection, each Bond shall be deemed to consist of individual Bonds of denominations of $5,000 principal amount each, which may be separately redeemed.

Selection of Bonds for Redemption. If less than all of the Bonds of a series are called for redemption, such bonds Bonds shall be redeemed in inverse order of maturities or as otherwise directed by the District. If less than all of the Bonds of any given maturity are called for redemption, the portions of such bonds Bonds of a given maturity to be redeemed shall be determined by lot. For purposes of such selection, each Bond shall be deemed to consist of individual Bonds bonds of denominations of $5,000 principal amount each, which may be separately redeemed.

Selection of Bonds for Redemption. If Whenever provision is made in this Indenture for the redemption of less than all of the Bonds, either the Authority or the City shall select the Bonds are to be redeemed from all Bonds not previously called for redemption, by such bonds maturities as the Authority shall be redeemed in inverse order of maturities or as otherwise directed designate (and by the District. If less than all of the Bonds of lot within any given maturity are called for redemption, the portions of such bonds of a given maturity to be redeemed shall be determined by lotmaturity). For purposes of such selection, each Bond all Bonds shall be deemed to consist be comprised of individual Bonds of denominations of separate $5,000 principal amount eachportions and such portions shall be treated as separate Bands, which may be separately redeemed.