Common use of Sinking Fund Provisions Clause in Contracts

Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.

Appears in 2 contracts

Samples: Commonwealth Edison Company, Commonwealth Edison Company (Commonwealth Edison Co)

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Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 20 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.. Schedule I

Appears in 2 contracts

Samples: Commonwealth Edison Company (Commonwealth Edison Co), Commonwealth Edison Company (Commonwealth Edison Co)

Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 35 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.. Schedule I

Appears in 1 contract

Samples: Agreement (Commonwealth Edison Co)

Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 35 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.

Appears in 1 contract

Samples: Commonwealth Edison Company

Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 15 basis points, plus accrued interest on those Purchased such Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.

Appears in 1 contract

Samples: Commonwealth Edison Company

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Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 40 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.. Schedule I

Appears in 1 contract

Samples: Underwriting Agreement (Commonwealth Edison Co)

Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 15 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.. Schedule I

Appears in 1 contract

Samples: Commonwealth Edison Company (Commonwealth Edison Co)

Sinking Fund Provisions. None Redemption Provisions: The Company may, at its option, redeem the Purchased Bonds in whole or in part at any time at a redemption price equal to the greater of: • 100% of the principal amount of the Purchased Bonds to be redeemed, plus accrued interest on such Bonds to the redemption date, or • as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Purchased Bonds to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate plus 25 20 basis points, plus accrued interest on those Purchased Bonds to the redemption date. The redemption price will be calculated assuming a 360-day year consisting of twelve 30-day months.

Appears in 1 contract

Samples: Commonwealth Edison Company

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