Common use of Mandatory Prepayment Upon Occurrence of Certain Events Clause in Contracts

Mandatory Prepayment Upon Occurrence of Certain Events. The Borrower shall pay or cause the prepayment of its loan obligation, prior to the maturity of the Bonds, on a date selected by the Borrower, which date shall be not later than three years after the date of mailing to the Borrower of notice from the Authority of the Authority's election to accelerate the Borrower's loan obligation hereunder as provided in Sections 6.4 and 7.3 hereof. ARTICLE IX

Mandatory Prepayment Upon Occurrence of Certain Events. The Borrower shall pay or cause the prepayment of its loan obligation, prior to the maturity of the Bonds, on a date selected by the Borrower, which date shall be not later than three years after the date of mailing to the Borrower of notice from the Authority of the Authority's election to accelerate the Borrower's loan obligation hereunder as provided in Sections 6.4 and 7.3 hereof. ARTICLE IX.