Deposit of Additional Funds by Company; Redemption of Prior Bonds Sample Clauses

Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants that such additional amounts as may be required to redeem the Prior Bonds in accordance with Section 3.1 hereof will be timely deposited with the Prior Trustee pursuant to the Prior Indenture for such purpose. Income derived from the investment of the proceeds of the Bonds deposited in the Prior Bonds Redemption Fund will be used, to the extent available, to satisfy the obligations of the Company specified in this Section 3.2. The Company covenants that it will cause the Prior Bonds to be redeemed within 90 days after the issuance and delivery of the Bonds.
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Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants that such additional amounts as may be required to redeem the Prior Bonds will be deposited with the Prior Trustee pursuant to the Prior Indentures for such purpose. Income derived from the investment of the proceeds of the Bonds deposited in the Prior Bond Funds will be used to the extent necessary to satisfy the obligations of the Company specified in the immediately preceding sentence. The Company covenants that it will cause all of the outstanding Prior Bonds to be redeemed within ninety (90) days after the Date of Issue.
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Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants that such additional amounts as may be required to redeem the Prior Bonds will be deposited with the Prior Trustee pursuant to the Prior Indenture for such purpose. Income derived from the investment of the proceeds of the Bonds deposited in the Prior Bonds Redemption Fund will be used to satisfy the obligations of the Company specified in this Section 3.2. The Company covenants that it will cause the Prior Bonds to be redeemed within 90 days after the issuance and delivery of the Bonds.
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Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants to provide on the related optional redemption date for a series of the Prior Bonds moneys for deposit with the Prior Trustee for the related series of Prior Bonds which, together with the proceeds in the related account of the Bond Proceeds Fund established under the Indenture and transferred to such Prior Trustee, will be sufficient to pay the redemption price of all of the series of Prior Bonds to be redeemed on the redemption date within 90 days of the Issue Date. 4847-5363-8470.4
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Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants that such additional amounts as may be required to redeem the Series 1974 Bonds and the Series 1977 Bonds will be deposited with the Series 1974 Trustee and the Series 1977 Trustee, as the case may be, pursuant to the Series 1974 and the Series 1997 Indenture, as the case may be, for such purpose. Income derived from the investment of the proceeds of the Bonds deposited in the Prior Bonds Redemption Fund will be used, pro rata, to satisfy the obligations of the Company specified in this Section 3.2 in connection with the Series 1974 Bonds and the Series 1977 Bonds. The Company covenants that it will cause the Series 1977 Bonds to be redeemed within 90 days after the issuance and delivery of the Bonds.
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Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants to provide on the related optional redemption date (1) moneys for deposit with the Prior 2007A Trustee which, together with the proceeds in the Bond Proceeds Fund established under the Indenture (or the 2007A Account therein, as applicable, as provided in Section 3.02 of the Indenture) and transferred to the Prior 2007A Trustee, will be sufficient to pay the redemption price of all of the 2007A Bonds to be redeemed on the redemption date within 90 days of the Issue Date, and (2) moneys for deposit with the Prior 2007B Trustee which, together with the proceeds in the Bond Proceeds Fund (or the 2007B Account therein, as applicable, as provided in Section 3.02 of the Indenture) and transferred to the Prior 2007B Trustee, will be sufficient to pay the redemption price of all of the 2007B Bonds to be redeemed on the redemption date within 90 days of the Issue Date.
Sample 1
Deposit of Additional Funds by Company; Redemption of Prior Bonds. The Company covenants to provide on the related optional redemption date (1) moneys for deposit with the Series 2006A Trustee for the Series 2006A Bonds which, together with the proceeds in the Bond Proceeds Fund established under the Indenture (or the 2006A Account therein, as applicable, as provided in Section 3.02 of the Indenture) and transferred to the Series 2006A Trustee, will be sufficient to pay the redemption price of all of the Series 2006A Bonds to be redeemed on the redemption date within 90 days of the Issue Date, (2) moneys for deposit with the Series 2006B Trustee for the Series 2006B Bonds which, together with the proceeds in the Bond Proceeds Fund established under the Indenture (or the 2006B Account therein, as applicable, as provided in Section 3.02 of the Indenture) and transferred to the Series 2006B Trustee, will be sufficient to pay the redemption price of all of the Series 2006B Bonds to be redeemed on the redemption date within 90 days of the Issue Date, and (3) moneys for deposit with the Series 2006C Trustee for the Series 2006C Bonds which, together with the proceeds in the Bond Proceeds Fund established under the Indenture (or the 2006C Account therein, as applicable, as provided in Section 3.02 of the Indenture) and transferred to the Series 2006C Trustee, will be sufficient to pay the redemption price of all of the Series 2006C Bonds to be redeemed on the redemption date within 90 days of the Issue Date.
Sample 1
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Related to Deposit of Additional Funds by Company; Redemption of Prior Bonds

  • Optional Redemption of Notes Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

  • Deposit of Note Redemption Price The Issuer will cause the Servicer to deposit on the Business Day before the Redemption Date (or, with satisfaction of the Rating Agency Condition, on the Redemption Date) in the Collection Account the amount required under Section 8.1 of the Sale and Servicing Agreement, and the Notes will be paid in full on the Redemption Date.

  • Redemption of Notes Section 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54

  • Redemption and Repurchase; Discharge Prior to Redemption or Maturity This Note is subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. There is no sinking fund or mandatory redemption applicable to this Note. If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.

  • Issue and Redemption of Fund Shares All expenses incurred in connection with the issue, redemption, and transfer of the Fund’s shares, including the expense of confirming all share transactions;

  • Redemption of Bonds The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the applicable redemption provision of the Indenture. Such redemption date shall not be less than 45 days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

  • Notice of Optional Redemption; Selection of Notes (a) In case the Company exercises its Optional Redemption right to redeem all or, as the case may be, any part of the Notes pursuant to Section 16.01, it shall fix a date for redemption (each, a “Redemption Date”) and it or, at its written request received by the Trustee not less than 5 Business Days prior to the date such Redemption Notice is to be sent (or such shorter period of time as may be acceptable to the Trustee), the Trustee, in the name of and at the expense of the Company, shall deliver or cause to be delivered a notice of such Optional Redemption (a “Redemption Notice”) not less than 35 nor more than 60 Trading Days prior to the Redemption Date to each Holder of Notes so to be redeemed as a whole or in part; provided, however, that if the Company shall give such notice, it shall also give written notice of the Redemption Date to the Trustee, the Conversion Agent (if other than the Trustee) and the Paying Agent (if other than the Trustee). The Redemption Date must be a Business Day. The Company may not specify a Redemption Date that falls on or after the 31st Scheduled Trading Day immediately preceding the Maturity Date.

  • Application by Trustee of Funds Deposited for Payment of Securities Subject to Section 9.04 and any subordination provisions applicable to the Securities, all moneys deposited with the Trustee pursuant to Section 9.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

  • Maturing Notes and Notes Called for Redemption or Subject to Repurchase If, on a Redemption Date, a Fundamental Change Repurchase Date or the Maturity Date, the Paying Agent holds money sufficient to pay the aggregate Redemption Price, Fundamental Change Repurchase Price or principal amount, respectively, together, in each case, with the aggregate interest, in each case due on such date, then (unless there occurs a Default in the payment of any such amount) (i) the Notes (or portions thereof) to be redeemed or repurchased, or that mature, on such date will be deemed, as of such date, to cease to be outstanding, except to the extent provided in Sections 4.02(D), 4.03(E) or 5.02(D); and (ii) the rights of the Holders of such Notes (or such portions thereof), as such, will terminate with respect to such Notes (or such portions thereof), other than the right to receive the Redemption Price, Fundamental Change Repurchase Price or principal amount, as applicable, of, and accrued and unpaid interest on, such Notes (or such portions thereof), in each case as provided in this Indenture.

  • Purchase and Redemption of Fund Shares 1.1. The Fund and the Underwriter agree to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "

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