Common use of Prepayment of the Loan Clause in Contracts

Prepayment of the Loan. The Corporation may prepay from time to time the amounts payable under this Loan Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of the Bond Indenture. Upon written notice and direction by the Corporation to the Authority to redeem Bonds subject to optional redemption under the Bond Indenture, the Bond Trustee shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding Bonds, as may be specified by the Corporation, on the date established for such redemption. Whenever any Bonds shall have been called for optional redemption under any provision of the Bond Indenture, the Corporation shall cause to be deposited with the Bond Trustee moneys in such amounts and at such times required to redeem such Bonds, including the principal, redemption premium, if any, and accrued interest thereon to the redemption date. The Corporation further agrees that in the event the payment of principal of and interest on the Loan is accelerated upon the occurrence of an event of default under this Loan Agreement, all Loan Payments payable for the remainder of the term of this Loan Agreement shall be accelerated and prepayment shall be made on the Loan in such amounts. Any such prepayments shall be deposited in the Debt Service Fund, and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture.

Prepayment of the Loan. The Corporation may prepay from time to time the amounts payable under this Loan Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of the Bond Indenture. Upon written notice and direction by the Corporation to the Authority Issuer to redeem Bonds subject to optional redemption under the Bond Indenture, the Bond Trustee Issuer shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding Bonds, as may be specified by the Corporation, on the date established for such redemption. Whenever any Bonds shall have been called for optional redemption under any provision of the Bond Indenture, the Corporation shall cause to be deposited deposit with the Bond Trustee moneys in such amounts and at such times required to redeem such Bonds, including the principal, redemption premium, if any, and accrued interest thereon to the redemption date. The Corporation further agrees that in the event the payment of principal of and interest on the Loan is accelerated upon the occurrence of an event of default under this Loan Agreement, all Loan Payments payable for the remainder of the term of this Loan Agreement shall be accelerated and prepayment shall be made on the Loan in such amounts. Any such prepayments shall be deposited in the Debt Service Fund, and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture.

Prepayment of the Loan. The Corporation may Company shall have and is granted the option to prepay from time to time the amounts payable under this Loan Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of the Bond Indenture. Upon written notice and direction by the Corporation Company to the Authority Trustee to redeem Bonds subject to optional redemption under the Bond Indenture, the Bond Trustee shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding Bonds, as may be specified by the CorporationCompany, on the date established for such redemption. The Company shall also prepay the amounts payable under this Loan Agreement in sums sufficient to redeem or pay the Bonds upon any mandatory redemption under the terms of the Indenture. Whenever any Bonds shall have been called for optional or mandatory redemption under any provision of the Bond Indenture, the Corporation Company shall cause to be deposited deposit with the Bond Trustee moneys in such amounts and at such times required to redeem such Bonds, including the principal, redemption premium, if any, and accrued interest thereon to the redemption date. The Corporation Company further agrees that in the event the payment of principal of and interest on the Loan is accelerated upon the occurrence of an event of default under this Loan Agreement, all Loan Payments payable for the remainder of the term of this Loan Agreement shall be accelerated and prepayment shall be made on the Loan in such amounts. Any such prepayments shall be deposited in the Debt Service Bond Fund, and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture.

Prepayment of the Loan. The Corporation may shall have and is granted the option to prepay from time to time the amounts payable under this Loan Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Series 2020 Bonds in accordance with the provisions of the Bond Indenture. Upon the written notice and direction by from the Corporation to the Authority County to redeem Series 2020 Bonds subject to optional redemption under the Bond Indenture, the Bond Trustee County shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding Series 2020 Bonds, as may be specified by the Corporation, on the date established for such redemption. Whenever any Series 2020 Bonds shall have been called for optional redemption under any provision of the Bond Indenture, the Corporation shall cause to be deposited deposit with the Bond Trustee moneys in such amounts required and at such times required to redeem such Series 2020 Bonds, including the principal, redemption premium, if any, and accrued interest thereon to the redemption datedate (unless such optional redemption is cancelled pursuant to the terms of the Bond Indenture). The Corporation further agrees that in the event the payment of principal of and interest on the Loan is accelerated upon the occurrence of an event of default under this Loan Agreement, all Loan Payments payable for the remainder of the term of this Loan Agreement shall be accelerated and prepayment shall be made on the Loan in such amounts. Any such prepayments shall be deposited in the Series 2020 Debt Service Fund, Fund and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture. Any such prepayment shall be credited against Loan Payments to become due on the Loan. The Corporation may also prepay all or any portion of its indebtedness on the Loan by providing for the payment of all or any portion of the Series 2020 Bonds in accordance with Article X of the Bond Indenture.

Prepayment of the Loan. The Corporation may prepay from time to time the amounts payable under this Loan Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds Notes in accordance with the provisions of the Bond Indenture. Upon written notice and direction by the Corporation to the Authority to redeem Bonds Notes subject to optional redemption under the Bond Indenture, the Bond Trustee shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding BondsNotes, as may be specified by the Corporation, on the date established for such redemption. Whenever any Bonds Notes shall have been called for optional redemption under any provision of the Bond Indenture, the Corporation shall cause to be deposited with the Bond Trustee moneys in such amounts and at such times required to redeem such BondsNotes, including the principal, redemption premium, if any, and accrued interest thereon to the redemption date. The Corporation further agrees that in the event the payment of principal of and interest on the Loan is accelerated upon the occurrence of an event of default under this Loan Agreement, all Loan Payments payable for the remainder of the term of this Loan Agreement shall be accelerated and prepayment shall be made on the Loan in such amounts. Any such prepayments shall be deposited in the Debt Service Fund, and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture.