Optional Redemption by Issuer. The Issuer may, at its option, redeem the Transition Bonds of a Series, in whole or from time to time in part, as permitted by the related Series Supplement on any Redemption Date at a price specified in such Series Supplement (such price being called the "Redemption Price") plus interest accrued on the Transition Bonds to be redeemed to such Redemption Date. If the Issuer shall elect to redeem the Transition Bonds of a Series pursuant to this Section 10.01, it shall furnish notice of such election to the Bond Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Bond Trustee the Redemption Price of the Transition Bonds to be redeemed plus interest accrued thereon to such Redemption Date on or prior to such Redemption Date whereupon all such Transition Bonds shall be due and payable on such Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.01.
Optional Redemption by Issuer. The Issuer may, at its ----------------------------- option, redeem all, but not less than all, of the Bonds on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Bonds to be redeemed plus accrued and unpaid interest thereon at the Bond Interest Rate to the Optional Redemption Date (such price being called the "Optional Redemption Price"). If the Issuer shall elect to redeem the Bonds pursuant to this Section 10.01, it shall furnish written notice (which notice shall state all items listed in Section 10.02) of such election to the Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Bonds to be redeemed whereupon all such Bonds shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Bonds pursuant to this Section 10.01.
Optional Redemption by Issuer. (a) To the extent and subject to the conditions specified in the related Terms Indenture, the Issuer may, at its option, redeem Bonds of any Series and Class, in whole or in part, at the applicable Redemption Price therefor, on a random lot or pro rata basis, on any date that would otherwise constitute a Payment Date, all as permitted by the related Terms Indenture. If the Issuer shall elect to redeem Bonds pursuant to this Section 10.01, subject to the applicable provisions and restrictions set forth in the related Terms Indenture, it shall furnish notice of such election to the Indenture Trustee not later than 30 days prior to the Redemption Date whereupon all such Bonds shall be due and payable and the Issuer shall furnish a notice complying with Section 10.02 to each Holder of the Class or Classes being called for redemption pursuant to this Section 10.01. The Issuer's option to redeem Bonds shall be evidenced by an Issuer Order directing the Indenture Trustee to redeem Bonds in the aggregate Principal Amount or Notional Amount (as the case may be), on the Redemption Date and at the Redemption Price specified in such Issuer Order.
Optional Redemption by Issuer. 63 SECTION 10.02 Mandatory Redemption by Issuer..............................64 SECTION 10.03
Optional Redemption by Issuer. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article Eleven of the Indenture, the Issuer shall have the right to redeem the Notes, in whole or in part, from time to time, on or after June 30, 2006, at a redemption price equal to 100% of the principal amount to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days' nor more than 60 days' notice to the Holder of the Notes, at the Optional Redemption Price. If the Notes are only partially redeemed pursuant to this Section 3.2, the Notes will be redeemed on a pro rata basis; provided that, if at the time of redemption the Notes are registered as a Global Note, the Depository shall determine, in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Issuer determines and the Issuer shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.
Optional Redemption by Issuer. 89 SECTION 10.02. Form of Optional Redemption or Special Redemption Notice........................................90 SECTION 10.03. Bonds Payable on Redemption Date or Special Redemption Date..........................................91 SECTION 10.04. Special Redemptions......................................91 ARTICLE XI
Optional Redemption by Issuer. If so provided in the related Series Supplement, the Issuer may, at its option, redeem all, but not less than all, of all Transition Bonds of a Series on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount of any such Series of Transition Bonds has been reduced to less than five percent of the initial principal balance of such Series. The redemption price in any case shall be equal to the outstanding principal amount of the Bonds to be redeemed plus accrued and unpaid interest thereon at the Bond Rate to, but excluding, the Redemption Date (the "Redemption Price"). If the ---------------- Issuer elects to redeem the Transition Bonds of a Series pursuant to this Section 10.01, it shall furnish written notice of such election to the Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Trustee the Redemption Price of the Transition Bonds to be redeemed plus interest accrued thereon to such Redemption Date plus all other amounts due and payable hereunder on or prior to such Redemption Date whereupon all such Transition Bonds shall be due and payable on such Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.01.
Optional Redemption by Issuer. This Daily Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption.
Optional Redemption by Issuer. This Term Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the date fixed for redemption in such notice (the "Redemption Date"), but any interest installment, which is due and payable on or prior to such Redemption Date, will be payable to the Holder at the close of business on the relevant interest payment date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption. In the event of redemption of this Term Note in part only, a new Term Note or Term Notes for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.
Optional Redemption by Issuer. The Securities of this series are subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date, but any interest installment, which is due and payable on or prior to such Redemption Date, will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates, all as provided in the Indenture. Each partial redemption payment shall be made ratably on all the Outstanding Securities of such series called for redemption.
