Common use of Amounts Required for Prepayment Clause in Contracts

Amounts Required for Prepayment. (a) The amount payable by the Borrower hereunder upon the exercise of the option granted to the Borrower in Section 4.05, or mandatory prepayment as provided in Section 4.06, shall be, to the extent applicable and except as otherwise provided, as follows: (i) The amount of money necessary to pay the redemption price of the Bonds to be redeemed specified in Section 4.02 of the Indenture in the case of optional redemption and Sections 4.03, 4.04 and 4.05 of the Indenture in the case of mandatory redemption, together with all interest specified therein payable up to and including said redemption date and all expenses of the redemption; plus (ii) In the event of a redemption in whole, an amount of money, without duplication, equal to the Trustee Fee, the Issuer Fee, the Servicer Fee, the Financial Monitor Fee, Administrative Expenses and other expenses under the Indenture accrued and to accrue until the final payment and redemption of the Bonds; less (iii) A credit for amounts otherwise available under the Indenture for payment of the principal of, or premium, if any, or interest on, the Bonds to be redeemed. (b) Any prepayment made pursuant to Section 4.05 or Section 4.06 shall be deposited into the Redemption Fund.