Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. The 1999C Bonds, along with the other 1999 Bonds, are subject to redemption in whole at the opinion of the Issuer on the date that is ten and one half (101/2) years after the Initial Exchange Date at a Redemption Price of 100% of the principal amount of the Series 1999C Bonds being redeemed, plus accrued interest, if any, to the redemption date if there is to be a “change in use” to the effected under Treasury Regulation Section 1.141-12. Less than all of the 1999 Bonds may be redeemed if, in the opinion of Bond Counsel (which opinion shall be delivered to the Trustee and the Issuer), redemption of all of the 1999 Bonds is not necessary to effect such change in use. If less than all of the 1999 Bonds are to be redeemed, the Series 1999A Bonds and Series 1999B Bonds shall be redeemed before any Series 1999C Bonds or Series 1999D Bonds are redeemed if in the opinion of Bond Counsel, such order of redemption will not, in and of itself, cause a Determination of Taxability.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Indenture of Trust (Foster Wheeler Inc)

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Special Optional Redemption. The 1999C Bonds, along with the other 1999 Bonds, are subject to redemption in whole at the opinion option of the Issuer on the date that is ten and one half (101/2) years after the Initial Exchange Date at a Redemption Price of 100% of the principal amount of the Series 1999C Bonds being redeemed, plus accrued interest, if any, to the redemption date if there is to be a “change in use” to the be effected under Treasury Regulation Section 1.141-12. Less than all of the 1999 Bonds may be redeemed if, in the opinion of Bond Counsel (which opinion shall be delivered to the Trustee and the Issuer), redemption of all of the 1999 Bonds is not necessary to effect such change in use. If less than all of the 1999 Bonds are to be redeemed, the Series 1999A Bonds and Series 1999B Bonds shall be redeemed before any Series 1999C Bonds or Series 1999D Bonds are redeemed if in the opinion of Bond Counsel, such order of redemption will not, in and of itself, cause a Determination of Taxability.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Indenture of Trust (Foster Wheeler Inc)

Special Optional Redemption. The 1999C 1999A Bonds, along together with the other 1999 Bonds, are subject to redemption in whole at the opinion option of the Issuer on the date that is ten and one half (101/210½) years after the Initial Exchange Date at a Redemption Price of 100% of the principal amount of the Series 1999C 1999A Bonds being redeemed, plus accrued interest, if any, to the redemption date if there is to be a “change in use” to the be effected under Treasury Regulation Section 1.141-12. Less than all of the 1999 Bonds may be redeemed if, in the opinion of Bond Counsel (which opinion shall be delivered to the Trustee and the Issuer), redemption of all of the 1999 Bonds is not necessary to effect such change in use. If less than all of the 1999 Bonds are to be redeemed, the Series 1999A Bonds and Series 1999B Bonds shall be redeemed before any Series 1999C Bonds or Series 1999D Bonds are redeemed if in the opinion of Bond Counsel, such order of redemption will not, in and of itself, cause a Determination of Taxability.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Indenture of Trust (Foster Wheeler Inc)

Special Optional Redemption. The 1999C 1999D Bonds, along with the other 1999 Bonds, are subject to redemption in whole at the opinion option of the Issuer on the date that is ten and one half (101/2) years after the Initial Exchange Date at a Redemption Price of 100% of the principal amount of the Series 1999C 1999D Bonds being redeemed, plus accrued interest, if any, to the redemption date if there is to be a “change in use” to the be effected under Treasury Regulation Section 1.141-12. Less than all of the 1999 Bonds may be redeemed if, in the opinion of Bond Counsel (which opinion shall be delivered to the Trustee and the Issuer), redemption of less than all of the 1999 Bonds is not necessary to effect such change in use. If less than all of the 1999 Bonds are to be redeemed, the Series 1999A Bonds and Series 1999B Bonds shall be redeemed before any Series 1999C Bonds or Series 1999D Bonds are redeemed if in the opinion of Bond Counsel, such order of redemption will not, in and of itself, cause a Determination of Taxability.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Indenture of Trust (Foster Wheeler Inc)

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Special Optional Redemption. The 1999C 1999B Bonds, along with the other 1999 Bonds, are subject to redemption in whole at the opinion option of the Issuer on the date that is ten and one half (101/210 1/2) years after the Initial Exchange Date at a Redemption Price of 100% of the principal amount of the Series 1999C 1999B Bonds being redeemed, plus accrued interest, if any, to the redemption date if there is to be a “change in use” to the be effected under Treasury Regulation Section 1.141-12. Less than all of the 1999 Bonds may be redeemed if, in the opinion of Bond Counsel (which opinion shall be delivered to the Trustee and the Issuer), redemption of all of the 1999 Bonds is not necessary to effect such change in use. If less than all of the 1999 Bonds are to be redeemed, the Series 1999A Bonds and Series 1999B Bonds shall be redeemed before any Series 1999C Bonds or Series 1999D Bonds are redeemed if in the opinion of Bond Counsel, such order of redemption will not, in and of itself, cause a Determination of Taxability.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Indenture of Trust (Foster Wheeler Inc)

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