Common use of Effect of Redemption Clause in Contracts

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price being held by the Trustee if such redemption was conditioned thereon, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof, without interest accrued on any funds held to pay such redemption price accruing after the date of redemption. All Bonds fully redeemed pursuant to the provisions of this Article III shall be canceled upon surrender thereof to the Trustee, which shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellation.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, aforesaid and moneys for payment of the Redemption Price of, together with interest accrued to the date fixed for redemption price on, the Bonds (or portions thereof) so called for redemption being held by the Trustee if Trustee, on the date fixed for redemption designated in such redemption was conditioned thereon, notice the Bonds (or portions thereof) so called for redemption shall, on the redemption date designated in such notice, shall become due and payable at the redemption price Redemption Price specified in such noticenotice plus interest accrued thereon to the date fixed for redemption (unless such redemption is rescinded or the condition thereto is not satisfied as provided in Section 4.03), interest on the Bonds so called for redemption shall cease to accrue, said Bonds (or portions thereof) shall cease to be entitled to any lien, benefit or security under this Bond Indenture, and the Owners Holders of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof, without interest said Redemption Price and accrued on any funds held to pay such redemption price accruing after the date of redemption. All Bonds fully redeemed pursuant to the provisions of this Article III shall be canceled upon surrender thereof to the Trustee, which shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellationinterest.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price being held by the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners holders of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereofthereof (including interest, if any, accrued to the redemption date), without interest accrued on any funds held after the redemption date to pay such redemption price accruing after the date of redemptionprice. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled upon surrender thereof to be cancelled by the Trustee, which who shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellationcancellation to the Authority and the Borrower. The Trustee may retain or destroy such Bonds.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price being held by the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof, without interest accrued on any funds held to pay such redemption price accruing after the date of redemption. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled upon surrender thereof to the TrusteePaying Agent, which shall upon the written request of the CompanyIssuer, deliver to the Company a certificate evidencing such cancellation.

Effect of Redemption. Notice If notice of redemption having has been duly given as aforesaid, aforesaid and moneys for the payment of the redemption price being of the Bonds to be redeemed are held by the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, then on the redemption date designated in such notice, notice the Bonds so called for redemption shall become due and payable at the redemption price specified in such notice, ; and from and after the date so designated interest on the Bonds so called for redemption shall cease to accrue, said such Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, hereunder and the Owners of said such Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereofrepresented thereby. The Trustee shall, without interest accrued on upon surrender for payment of any funds held of the Bonds to be redeemed, pay such Bonds at the redemption price accruing after the date of redemptionthereof. All Bonds fully redeemed pursuant to the provisions of this Article III shall be canceled upon surrender thereof to by the Trustee, which Trustee and shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellationnot be redelivered.

Effect of Redemption. Notice When notice of redemption having has been duly given as aforesaid, and moneys for payment of the redemption price being held by are deposited with the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, and from and after the date so designated interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this IndentureTrust Agreement, and the Owners of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof. Subject to Section 10.03 hereof, without interest accrued on the Trustee shall, upon surrender for payment of any funds held to of said Bonds, pay such Bonds at the redemption price accruing after the date of redemptionaforesaid. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled cancelled upon surrender thereof to the Trusteeand destroyed, which and no Bonds shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellationbe issued in place thereof.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price being held by the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof, without interest accrued on any funds held to pay such redemption price accruing after the date of redemption. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled upon surrender thereof to the TrusteePaying Agent, which shall upon the written request of the CompanyIssuer, deliver to the Company a certificate evidencing such cancellation.. -39- Forsyth Series 1998A Trust Indenture

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price being held by the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners holders of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereofthereof (including interest, if any, accrued to the redemption date), without interest accrued on any funds held after the redemption date to pay such redemption price accruing after the date of redemptionprice. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled upon surrender thereof to be cancelled by the Trustee, which who shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellationcancellation to the County and the Borrower. The Trustee may retain or destroy such Bonds.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price being held by the Trustee if such redemption was conditioned thereonTrustee, the Bonds so called for redemption shall, on the redemption date designated in such notice, become due and payable at the redemption price specified in such notice, interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners holders of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereofthereof (including interest, if any, accrued to the redemption date), without interest accrued on any funds held after the redemption date to pay such redemption price accruing after the date of redemptionprice. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled upon surrender thereof to be cancelled by the Trustee, which who shall upon the written request of the Company, deliver to the Company a certificate evidencing such cancellationcancellation to the Issuer and the Borrower. The Trustee shall treat such cancelled Bonds in accordance with its document retention policies and shall not be required to destroy such Bonds.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the Redemption Price of, together with interest accrued to the redemption price date on, the Bonds (or portions thereof) so called for redemption being held by the Trustee if such redemption was conditioned thereon, the Bonds so called for redemption shallTrustee, on the redemption date designated in such notice, the Bonds (or portions thereof) so called for redemption shall become due and payable at the redemption price Redemption Price specified in such noticenotice plus interest accrued thereon to the redemption date, interest on the Bonds so called for redemption shall cease to accrue, said Bonds (or portions thereof) shall cease to be entitled to any lien, benefit or security under this Indenture, and the Owners of said Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof, without interest said Redemption Price and accrued on any funds held to pay such redemption price accruing after the date of redemptioninterest. All Bonds fully redeemed pursuant to the provisions of this Article III IV shall be canceled upon surrender thereof and destroyed with a certificate of destruction delivered to the Trustee, which shall or upon the written request Order of the Company, deliver to the Company a certificate evidencing such cancellationAuthority.

Effect of Redemption. Notice of redemption having been duly given as aforesaid, and moneys for payment of the redemption price (including premium, if any) of, together with interest accrued to the date fixed for redemption on, the Bonds (or portions thereof) so called for redemption being held by the Trustee if such redemption was conditioned thereon, the Bonds so called for redemption shallTrustee, on the redemption date designated in such notice, the Bonds (or portions thereof) so called for redemption shall become due and payable at the redemption price specified in such noticepayable, interest on the Bonds so called for redemption shall cease to accrue, said Bonds (or portions thereof) shall cease to be entitled to any lien, benefit or security under this Indenture, except for payment of particular Bonds for which moneys are being held by the Trustee which moneys shall be pledged to such payment, and the Owners Holders of said Bonds shall have no rights in respect thereof except to receive payment of the said redemption price thereof(including premium, without if any) and interest accrued on any funds held to pay such redemption price accruing after the date of fixed for redemption. All Bonds fully redeemed pursuant to the provisions of this Article III shall be canceled and destroyed by the Trustee upon surrender thereof to and the Trustee, which Trustee shall upon the written request of the Company, thereupon deliver to the Company Authority a certificate evidencing such cancellationcancellation and destruction.