Selection of Bonds to be Redeemed. If less than all the Bonds shall be called for redemption under any provision of this Indenture permitting such partial redemption, the particular Bonds or portions of Bonds to be redeemed shall be selected by the Trustee, in such manner as the Trustee in its discretion may deem proper, in the aggregate principal amount designated to the Trustee by the Company or otherwise as required by this Indenture; provided, however, that if, as indicated in a certificate of an Authorized Company Representative delivered to the Trustee, the Company shall have offered to purchase all Bonds then Outstanding and less than all such Bonds have been tendered to the Company for such purchase, the Trustee, at the direction of an Authorized Company Representative, shall select for redemption all such Bonds which shall not have been so tendered; and provided, further, that the portion of any Bond to be redeemed shall be in the principal amount of $5,000 or some integral multiple thereof and that, in selecting Bonds for redemption, the Trustee shall treat each Bond as representing that number of Bonds which is obtained by dividing the principal amount of such Bond by $5,000. If it is determined that one or more, but not all, of the $5,000 units of principal amount represented by any such Bond is to be called for redemption, then, upon notice of intention to redeem such $5,000 unit or units, the Owner of such Bond shall forthwith surrender such Bond to the Paying Agent or any Co-Paying Agent for (y) payment to such Owner of the redemption price (including the redemption premium, if any, and accrued interest to the date fixed for redemption) of the $5,000 unit or units of principal amount called for redemption and (z) delivery to such Owner of a new Bond or Bonds in the aggregate principal amount of the unredeemed balance of the principal amount of any such Bond. Bonds representing the unredeemed balance of the principal amount of any such Bond shall be delivered to the Owner thereof, without charge therefor. If the Owner of any such Bond of a denomination greater than $5,000 shall fail to present such Bond to the Paying Agent or any Co-Paying Agent for payment and exchange as aforesaid, such Bond shall, nevertheless, become due and payable on the date fixed for redemption to the extent of the $5,000 unit or units of principal amount called for redemption (and to that extent only).
Selection of Bonds to be Redeemed. Except as provided in the Bonds, if fewer than all the Bonds are to be redeemed, the Trustee will select the Bonds to be redeemed by lot, except that the Trustee will first select any Bonds owned by the Company or any of its nominees or held by the Trustee for the account of the Company or any of its nominees. The Trustee will make the selection from Bonds not previously called for redemption. For this purpose, the Trustee will consider each Bond in a denomination larger than the minimum denomination permitted by the Bonds at the time to be separate Bonds each in the minimum denomination. Provisions of this Agreement that apply to Bonds called for redemption also apply to portions of Bonds called for redemption.
Selection of Bonds to be Redeemed. The Bonds to be redeemed in accordance with this subsection (c) shall be selected by the Borrower, with notice to the Authority and the Trustee pursuant to a certificate of a Borrower’s Representative, with a copy to the Authority and the Trustee, in accordance with applicable provisions of the Indenture, including subsection (iii) of Section 4.1(c).
Selection of Bonds to be Redeemed. Except as may be otherwise provided in this Indenture, in the event of redemption of less than all of the Outstanding Bonds of a like maturity, the Trustee shall assign to each such Outstanding registered Bond of the maturity to be redeemed a distinctive number for each $5,000 of the Principal Amount of such Bond and shall select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to such Bonds as many numbers as, at $5,000 for each number, shall equal the Principal Amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the Principal Amount of each such registered Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. For purposes of this Section, Bonds which have theretofore been selected by lot for redemption shall not be deemed Outstanding.
Selection of Bonds to be Redeemed. (a) Bonds shall be redeemed only in amounts resulting in Bonds Outstanding for a series being in Authorized Denominations. If less than all of the Outstanding Bonds of any series are to be redeemed and paid prior to maturity, such Bonds shall be redeemed in the manner selected by the Trustee. Bonds of less than a full maturity are to be selected by the Trustee in such equitable manner as it may determine.
Selection of Bonds to be Redeemed. Subject to any further limitations set forth in the terms of the Bonds or the applicable Supplement:
Selection of Bonds to be Redeemed. In the case of Bonds to be redeemed at the election or direction of the Borrower, the Borrower will select the subseries (if any), Mode, maturities, Interest Periods, interest rates, and principal amounts of the Bonds to be redeemed; if less than all Bonds of the same subseries (if any), maturity, Interest Period, and interest rate are to be redeemed, the Bonds of such subseries, maturity, Interest Period and interest rate to be redeemed will be selected by the Trustee, by lot, using such method of selection as the Trustee in its discretion shall consider appropriate and fair, except as otherwise provided in the Bond Indenture; provided that Liquidity Facility Bonds (if any) of such subseries are to be redeemed first.
Selection of Bonds to be Redeemed. (a) Unless otherwise provided by supplemental indenture or the terms of this Indenture, if less than all of the Bonds of like maturity and CUSIP number of a series shall be called for redemption, the particular Bonds or portion of Bonds to be redeemed shall be selected pro rata among all Bonds of such maturity in such manner as the Trustee in its discretion may deem fair and appropriate; provided, however, that with respect to redemptions of 1999 Bonds, unless this Indenture or a supplemental indenture specifies otherwise, any such partial redemption shall be on a pro rata basis among the series subject to redemption in accordance with their relative principal amounts; and provided further that in selecting portions of such Bonds for redemption, the Trustee shall treat each such Bond as representing that number of Bonds of said minimum Authorized Denomination which is obtained by dividing the principal amount of such Bond to be redeemed in part by the minimum Authorized Denomination for such series of Bonds. If less than all of the Bonds of any series are to be redeemed and such Bonds are held in book-entry only form, the Trustee shall direct the Securities Depository for such series of Bonds to select the particular Bonds or portions thereof to be redeemed in such a manner as to redeem such Bonds pro rata among all of its direct Participants shown on the Securities Depository’s books to be holders of such Bonds in accordance with their relative ownership of such Bonds.
Selection of Bonds to be Redeemed. (a) A Redemption of Bonds shall be a Redemption of the whole or any part of the Bonds from any funds available for that purpose in accordance with the provisions of this Indenture. If less than all the Bonds shall be called for Redemption under any provision of this Indenture permitting such partial redemption, the particular Bonds (or Authorized Denominations thereof), to be redeemed shall be selected by the Trustee by lot, using such method as the Trustee in its sole discretion may deem proper, in the principal amount designated in writing to the Trustee by the Borrower or otherwise as required by this Indenture. The Trustee and the Letter of Credit Issuer, as applicable, shall be notified in writing by the (i) Authority in the case of a Redemption pursuant to Section 301(a) hereof, (ii) by the Borrower in the case of a Redemption pursuant to Section 301(e) hereof and (iii) by the Letter of Credit Issuer in the case of a Redemption pursuant to Sections 301(b), 301(c) and 301(d) hereof, not less than sixty (60) days prior to the redemption date of a Redemption pursuant to Section 301(a), (b), (c) and (e) hereof and in the case of a Redemption pursuant to Section 301(d) hereof, not more than ten (10) days following an Act of Bankruptcy of the Bank.
Selection of Bonds to be Redeemed. (a) A Redemption of Bonds shall be a Redemption of the whole or any part of the Bonds from any funds available for that purpose in accordance with the provisions of the Indenture. If less than all of the Bonds shall be called for Redemption under any provision of the Indenture permitting such partial redemption, the particular Bonds (or Authorized Denominations thereof), to be redeemed shall be selected by the Trustee by lot, using such method as the Trustee in its sole discretion may deem proper, in the principal amount designated in writing to the Trustee by the Borrower or otherwise as required by the Indenture. The Trustee shall be notified in writing pursuant to the Indenture not less than sixty (60) days prior to the date fixed for Redemption, but in the case of a Mandatory Redemption due to an Act of Bankruptcy of the Bank, not more than ten (10) days following the occurrence thereof.
