Common use of Amount of Prepayment in Certain Events Clause in Contracts

Amount of Prepayment in Certain Events. To fulfill the obligation set forth in Section 7.1 hereof or to exercise an option granted in Section 7.2 or 7.4 hereof, the Company shall give written notice to the Issuer and to the Trustee as provided in Section 7.5 hereof. Such notice shall specify the date for the prepayment of the installments which shall be on or before the redemption date for the Bonds (the date for redemption of the Bonds being hereinafter called the “Redemption Date”). The amount payable by the Company in the event of its exercise of the obligation set forth in Section 7.1(a) hereof and the option granted in Section 7.2 hereof to prepay installments in whole shall be the sum of the following: (1) an amount of money which, when added to the amount then on deposit in the Bond Fund, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the outstanding Bonds on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue to the Redemption Date and expenses incurred or to be incurred in connection with the prepayment of installments and the redemption of the Bonds, (2) an amount of money equal to the Trustee’s fees and expenses under the Indenture accrued and to accrue until the Redemption Date, and (3) an amount of money sufficient to discharge all other liabilities of the Company accrued under this Agreement. Upon the occurrence of the event stated in Section 7.1(b) hereof, the amount payable by the Company hereunder will be an amount which, together with the amount then remaining on deposit in the Construction Fund and available for such purpose, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the Bonds or portions thereof (in Authorized Denominations) to be redeemed on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue thereon to said Redemption Date, and expenses incurred or to be incurred in connection with such prepayment of installments and such redemption of Bonds.

Amount of Prepayment in Certain Events. To fulfill the obligation set forth in Section 7.1 hereof or to exercise an option granted in Section 7.2 or 7.4 hereof, the Company shall give written notice to the Issuer and to the Trustee as provided in Section 7.5 hereof. Such notice shall specify the date for the prepayment of the installments which shall be on or before the redemption date for the Bonds (the date for redemption of the Bonds being hereinafter called the “Redemption Date”). The amount payable by the Company in Borrower upon the occurrence of an event of its exercise of the obligation set forth in Section 7.1(a) hereof and or in the event of the Borrower’s exercise of the option granted in Section 7.2 hereof to prepay installments in whole shall be the sum of the following: (1) an amount of money which, when added to the amount then on deposit in the Bond Fund, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the outstanding Outstanding Bonds on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue to the Redemption Date and expenses incurred or to be incurred in connection with the prepayment of installments and the redemption of the Bonds, (2) an amount of money equal to the Trustee’s fees and expenses under the Indenture accrued and to accrue until the Redemption Date, and (3) an amount of money sufficient to discharge all other liabilities of the Company Borrower accrued under this Agreement. Upon the occurrence of the event stated in Section 7.1(b) hereof: (a) if all of the Bonds then Outstanding are to be redeemed, as provided in Section 3.1(c) of the Indenture, the amount payable by the Company Borrower hereunder will be the sum of the amounts specified in the next preceding paragraph; and (b) if less than all of the Bonds then Outstanding are to be redeemed, as provided in Section 3.1(c) of the Indenture, the amount payable by the Borrower hereunder will be an amount which will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the Bonds or portions thereof (in Authorized Denominations) to be redeemed on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue thereon to said Redemption Date, and expenses incurred or to be incurred in connection with such prepayment of installments and such redemption of Bonds. Upon the occurrence of the event stated in Section 7.1(c) hereof, the amount payable by the Borrower hereunder will be an amount which, together with the amount then remaining on deposit in the Construction Fund and available for such purpose, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the Bonds or portions thereof (in Authorized Denominations) to be redeemed on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue thereon to said Redemption Date, and expenses incurred or to be incurred in connection with such prepayment of installments and such redemption of Bonds.

Amount of Prepayment in Certain Events. To fulfill the obligation set forth in Section 7.1 hereof or to exercise an the option granted in Section 7.2 or 7.4 hereof, hereof the Company shall shall, within 90 days (or within 45 days in the case of Section 7.1(c) hereof) after it receives notice or has actual knowledge of the event authorizing or requiring the exercise of such option or obligation, give written notice to the Issuer and to the Trustee as provided in Section 7.5 hereof. Such notice shall specify the date for the prepayment of the installments which shall be on or before the redemption date for the Bonds (the date for redemption of the Bonds being hereinafter called the “"Redemption Date”"). The amount payable by the Company in upon the occurrence of an event of its exercise of the obligation set forth in Section 7.1(a) hereof and or in the event of the Company's exercise of the option granted in Section 7.2 hereof to prepay installments in whole shall be the sum of the following: (1) an amount of money which, when added to the amount then on deposit in the Bond Fund, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the outstanding Bonds on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue to the Redemption Date and expenses incurred or to be incurred in connection with the prepayment of installments and the redemption of the Bonds, (2) an amount of money equal to the Trustee’s 's fees and expenses under the Indenture accrued and to accrue until the Redemption Date, and (3) an amount of money sufficient to discharge all other liabilities of the Company accrued under this Agreement. Upon the occurrence of the event stated in Section 7.1(b) hereof: (a) if all of the Bonds then outstanding are to be redeemed, as provided in Section 3.1(c) of the Indenture, the amount payable by the Company hereunder will be the sum of the amounts specified in the next preceding paragraph; and (b) if less than all of the Bonds then outstanding are to be redeemed, as provided in Section 3.1(c) of the Indenture, the amount payable by the Company hereunder will be an amount which will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the Bonds or portions thereof (in Authorized Denominations) to be redeemed on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue thereon to said Redemption Date, and expenses incurred or to be incurred in connection with such prepayment of installments and such redemption of Bonds. Upon the occurrence of the event stated in Section 7.1(c) hereof, the amount payable by the Company hereunder will be an amount which, together with the amount then remaining on deposit in the Construction Fund and available for such purpose, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the Bonds or portions thereof (in Authorized Denominations) to be redeemed on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue thereon to said Redemption Date, and expenses incurred or to be incurred in connection with such prepayment of installments and such redemption of Bonds.

Amount of Prepayment in Certain Events. To fulfill the obligation set forth in Section 7.1 hereof or to exercise an the option granted in Section 7.2 or 7.4 hereof, the Company shall Borrower shall, within ninety (90) days after it receives notice or has actual knowledge of the event authorizing or requiring the exercise or fulfillment of such option or obligation, give written notice to the Issuer and to the Trustee as provided in Section 7.5 hereof. Such notice shall specify the date for the prepayment of the installments installments, which shall be on or before the redemption date for the Bonds; provided, that if the Borrower fails to give any such notice with respect to the obligation set forth in Section 7.1 hereof, the redemption date for the Bonds shall be fixed by the Trustee in accordance with Section 3.2 of the Indenture (the date for redemption of the Bonds being hereinafter called the “"Redemption Date”"). The amount payable by the Company Borrower in fulfillment of the obligation set forth in Section 7.1 (a) hereof or in the event of its exercise of the obligation set forth in Section 7.1(a) hereof and the option granted in Section 7.2 hereof to prepay installments in whole shall be the sum of the following: (1) an amount of money which, when added to the amount then on deposit in the Bond Fund, will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the outstanding Bonds on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue to the Redemption Date and expenses incurred or to be incurred in connection with the prepayment of installments and the redemption of the Bonds, (2) an amount of money equal to the Trustee’s 's fees and expenses under the Indenture accrued and to accrue until the Redemption Date, and (3) an amount of money sufficient to discharge all other liabilities of the Company Borrower accrued under this Agreement. Upon the occurrence of the event stated in Section 7.1(b) hereofor (c) hereof (a) if all of the Bonds then outstanding are to be redeemed, as provided in Section 3.1(b) of the Indenture, the amount payable by the Company Borrower hereunder will be the sum of the amounts specified in the next preceding paragraph; and (b) if less than all of the Bonds then outstanding are to be redeemed, as provided in Section 3.1(b) of the Indenture, the amount payable by the Borrower hereunder will be an amount which, together with the amount then remaining on deposit in the Construction Fund and available for such purpose, which will be sufficient to redeem (or when invested in Governmental Obligations in which such money is required to be invested will without reinvestment mature as to principal and interest, if any, at times and in amounts sufficient to redeem) the Bonds or portions thereof (in Authorized Denominations) to be redeemed on the Redemption Date, which amount shall consist of the principal amount thereof, all interest accrued and to accrue thereon to said Redemption Date, and expenses incurred or to be incurred in connection with such prepayment of installments and such redemption of Bonds.