Common use of Exercise of Optional Prepayment Clause in Contracts

Exercise of Optional Prepayment. To exercise the option granted in Section 9.01, the City shall give written notice to the Authority and the Bond Registrar of the exercise of such option and a direction to effect redemption of the Bond, which notice shall specify therein (i) the maturity of the Bond, (ii) the date of redemption, which date shall not be less than 45 days from the date the notice is given, (iii) the principal amount of the Bond or portions thereof to be redeemed, (iv) the applicable redemption price or prices and (v) the provision or provisions of the Resolution pursuant to which the Bond is to be redeemed. Upon receipt of a notice given by the City pursuant to this Section 9.02, the Bond Registrar shall forthwith take or cause to be taken all actions necessary under the Resolution to effect the redemption of the Bond in accordance with such notice. [END OF ARTICLE IX]

Exercise of Optional Prepayment. To exercise the option granted in Section 9.01, the City shall give written notice to the Authority and the Bond Registrar of the exercise of such option and a direction to effect redemption of the Bond, which notice shall specify therein (i) the maturity date of the Bond, (ii) the date of redemption, which date shall not be less than 45 days from the date the notice is given, (iii) the principal amount of the Bond or portions thereof to be redeemed, (iv) the applicable redemption price or prices and (v) the provision or provisions of the Resolution pursuant to which the Bond is to be redeemed. Upon receipt of a notice given by the City pursuant to this Section 9.02, the Bond Registrar shall forthwith take or cause to be taken all actions necessary under the Resolution to effect the redemption of the Bond in accordance with such notice. [END OF ARTICLE IX]

Exercise of Optional Prepayment. To exercise the option granted in Section 9.01, the City shall give written notice to the Authority and the Bond Registrar of the exercise of such option and a direction to effect redemption of the Bond, which notice shall specify therein (i) the maturity of the Bond, (ii) the date of redemption, which date shall not be less than 45 days from the date the notice is given, (iii) the principal amount of the Bond or portions thereof to be redeemed, (iv) the applicable redemption price or prices prices, and (v) the provision or provisions of the Resolution pursuant to which the Bond is are to be redeemed. Upon receipt of a notice given by the City pursuant to this Section 9.02, the Bond Registrar shall forthwith take or cause to be taken all actions necessary under the Resolution to effect the redemption of the Bond in accordance with such notice. [END OF ARTICLE IX]

Exercise of Optional Prepayment. To exercise the option granted in Section 9.01, the City shall give written notice to the Authority and the Bond Registrar of the exercise of such option and a direction to effect redemption of the Bond, which notice shall specify therein (i) the maturity date of the Bond, (ii) the date of redemption, which date shall not be less than 45 days from the date the notice is given, (iii) the principal amount of the Bond or portions thereof to be redeemed, (iv) the applicable redemption price or prices and (v) the provision or provisions of the Resolution pursuant to which the Bond is to be redeemed. Upon receipt of a notice given by the City pursuant to this Section 9.02, the Bond Registrar shall forthwith take or cause to be taken all actions necessary under the Resolution to effect the redemption of the Bond in accordance with such notice. [END OF ARTICLE End of Article IX]