Mandatory Redemption of Bonds. (a) If required by, and as directed by, the Bank, the Borrower, contemporaneously with the Borrower’s receipt of any Net Proceeds arising from the issuance of any equity interest in the Borrower or options or warrants or other rights to acquire the same shall: (i) exercise its rights under Section 404 of the Indenture to optionally redeem Bonds by the amount of such Net Proceeds; and/or (ii) deposit such Net Proceeds in the Cash Collateral Account described in Section 10.4 of this Agreement to secure the payment of the Obligations in accordance with Section 10.4.
Mandatory Redemption of Bonds. A. The Project Bonds shall be subject to mandatory redemption in whole (or, in the case of the event stated in (2) of this paragraph, in whole or in part as provided below), at a redemption price equal to 100% of the principal amount thereof, plus accrued interest, if any, to the redemption date, on any Business Day within 180 days after the occurrence of either of the following events:
Mandatory Redemption of Bonds. The 2021A Bonds maturing on November 1, 20__ are subject to mandatory sinking fund redemption at a price equal to the principal amount thereof plus accrued interest thereon to the redemption date. Such 2021A Bonds are to be selected by lot in such manner as the Trustee shall determine (giving proportionate weight to Bonds in denominations larger than $5,000). As and for a sinking fund for the redemption of the 2021A Bonds maturing on November 1, 20__, the District shall deposit in the Bond Fund, on or before November 1 in each of the following years, moneys which are sufficient to redeem (after credit as provided below) the following principal amount of the 2021A Bonds: Redemption Date Principal Amount The remaining $______ of the 2021A Bonds maturing on November 1, 20__ shall be paid upon presentation and surrender at maturity unless redeemed pursuant to optional redemption prior to maturity. The 2021B Bonds maturing on November 1, 20__ are subject to mandatory sinking fund redemption at a price equal to the principal amount thereof plus accrued interest thereon to the redemption date. Such 2021B Bonds are to be selected by lot in such manner as the Trustee shall determine (giving proportionate weight to Bonds in denominations larger than $5,000). As and for a sinking fund for the redemption of the 2021B Bonds maturing on November 1, 20__, the District shall deposit in the Bond Fund, on or before November 1 in each of the following years, moneys which are sufficient to redeem (after credit as provided below) the following principal amount of the 2021B Bonds: Redemption Date Principal Amount The remaining $______ of the 2021B Bonds maturing on November 1, 20__ shall be paid upon presentation and surrender at maturity unless redeemed pursuant to optional redemption prior to maturity. On or before the thirtieth day prior to each sinking fund payment date, the Trustee shall proceed to call the Term Bonds (or any Term Bond or Term Bonds issued to replace such Term Bonds) for redemption from the sinking fund on the next November 1, and shall give notice of such call without other instruction or notice from the District. At its option, to be exercised on or before the sixtieth day next preceding each such sinking fund redemption date, the District may (a) deliver to the Trustee for cancellation Term Bonds subject to mandatory sinking fund redemption on such date in an aggregate principal amount desired or (b) receive a credit in respect of its sinking fund redem...
Mandatory Redemption of Bonds. If, as provided in the Bonds and the Indenture, the Bonds become subject to mandatory redemption for any reason the Borrower shall deliver or cause to be delivered to the Trustee, upon the date requested by the Trustee, moneys sufficient to pay in full the Bonds in accordance with the mandatory redemption provisions relating thereto set forth in the Indenture. (End of Article VI)
Mandatory Redemption of Bonds. If, as provided in the Bonds and the Indenture, the Bonds become subject to mandatory redemption, upon the date requested by the Trustee, the User shall pay to the Trustee moneys sufficient to pay in full the Bonds in accordance with the mandatory redemption provisions relating thereto set forth in the Indenture.
Mandatory Redemption of Bonds. The Company shall prepay installments payable hereunder for the purpose of redeeming prior to maturity the Bonds pursuant to Sections 3.5 and 3.6 of the Indenture.
Mandatory Redemption of Bonds. The Bonds maturing on , 20 are subject to mandatory redemption prior to maturity on of the years and in the amounts set forth below, at a Redemption Price of percent of the principal amount thereof plus accrued interest to the date fixed for redemption: *Final Maturity The final maturity amount of the Bonds maturing on , 20 , is $ . The principal amount of the Bonds to be mandatorily redeemed in each year may be reduced through the earlier optional redemption thereof, with any partial optional redemption of such Bonds credited against future mandatory redemption requirements in such order of the mandatory redemption dates as the City may determine. In addition, on or prior to the sixtieth (60th) day preceding any mandatory redemption date, the Trustee may, and if directed by the City shall, purchase Bonds required to be retired on such mandatory redemption date at such prices as the City shall determine. Any such Bond so purchased shall be canceled and the principal amount thereof shall be credited against the payment required on such next mandatory redemption date. [Additional redemption provisions to be incorporated as applicable]
