Common use of MANDATORY REDEMPTION BY ISSUER Clause in Contracts

MANDATORY REDEMPTION BY ISSUER. If the Seller is required to repurchase the RRB Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the RRB Property pursuant to Section 5.01(e) of the Sale Agreement, the Issuer shall be required to redeem all outstanding Bonds on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the "Mandatory Redemption Date") for a purchase price equal to the then outstanding principal amount of the Bonds plus accrued and unpaid interest thereon at the Bond Interest Rate to the Mandatory Redemption Date (such price being called the "Mandatory Redemption Price"). If the Issuer is required to redeem the Bonds pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Trustee and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Trustee, not later than 12:00 noon Eastern Time on the Repurchase Date, the Mandatory Redemption Price of the Bonds to be redeemed whereupon all such Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 to each Holder of the Bonds pursuant to this Section 10.04.

MANDATORY REDEMPTION BY ISSUER. If The Issuer shall redeem (i) the Seller is required Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the Redemption Price specified in the Series Supplement for such Series plus accrued interest thereon to repurchase such Redemption Date and (ii) the RRB Property pursuant to Section 5.01(b) Transition Bonds of the Sale Agreement, or elects to repurchase the RRB Property pursuant to Section 5.01(e) of the Sale Agreement, all Series if the Issuer receives Liquidated Damages on the Liquidated Damages Redemption Date at a Redemption Price that shall be required to redeem all outstanding Bonds on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the "Mandatory Redemption Date") for a purchase price equal to the then outstanding principal amount of the Transition Bonds as of the Liquidated Damages Redemption Date plus accrued and unpaid interest thereon at the Bond Interest Rate to the Mandatory such Redemption Date (such price being called the "Mandatory Redemption Price")Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0410.02, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption requirement to the Bond Trustee and the Rating Agencies not later than one Business Day before 25 days prior to the Redemption Date for such Repurchase Date redemption and shall deposit with the Trustee, not later than 12:00 noon Eastern Time on Bond Trustee the Repurchase Date, the Mandatory Redemption Price of the Transition Bonds to be redeemed whereupon all such Transition Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0410.02.

MANDATORY REDEMPTION BY ISSUER. If (a) The Issuer shall redeem (i) the Seller is required Transition Bonds of a Series on the Redemption Date or Dates, if any, in the amounts required, if any, and at the Redemption Price specified in the Series Supplement for such Series plus accrued interest thereon to repurchase such Redemption Date and (ii) the RRB Property pursuant to Section 5.01(b) Transition Bonds of the Sale Agreementall Series, or elects to repurchase the RRB Property pursuant to Section 5.01(e) of the Sale Agreement, if the Issuer receives Liquidated Damages, on the Liquidated Damages Redemption Date at a Redemption Price that shall be required to redeem all outstanding Bonds on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the "Mandatory Redemption Date") for a purchase price equal to the then outstanding principal amount of the Transition Bonds as of the Liquidated Damages Redemption Date plus accrued and unpaid interest thereon at the Bond Interest Rate to the Mandatory such Redemption Date (such price being called the "Mandatory Redemption Price")Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0410.02, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption requirement to the Bond Trustee and the Rating Agencies not later than one Business Day before 25 days prior to the Redemption Date for such Repurchase Date redemption and shall deposit with the Trustee, not later than 12:00 noon Eastern Time on Bond Trustee the Repurchase Date, the Mandatory Redemption Price of the Transition Bonds to be redeemed whereupon all such Transition Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0410.02.

MANDATORY REDEMPTION BY ISSUER. If the Seller is required to repurchase the RRB Property The Issuer shall redeem all Transition Bonds of a Series that have been called for redemption pursuant to Section 5.01(b) of this Indenture on the Sale AgreementRedemption Date or Dates, or elects to repurchase if any, in the RRB Property pursuant to Section 5.01(e) of amounts required, if any, and at the Sale Agreementredemption price specified in the Series Supplement for such Series, the Issuer which in any case shall be required to redeem all not less than the outstanding Bonds on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the "Mandatory Redemption Date") for a purchase price equal to the then outstanding principal Principal amount of the Bonds to be redeemed, plus accrued and unpaid interest Interest thereon at the Bond Interest Rate to the Mandatory to, but excluding, such Redemption Date (such price being called the "Mandatory Redemption Price")Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0410.01, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption requirement to the Trustee and the Rating Agencies not later than one Business Day before 25 days prior to the Redemption Date for such Repurchase Date redemption and shall deposit with the Trustee, not later than 12:00 noon Eastern Time on Trustee the Repurchase Date, the Mandatory Redemption Price redemption price of the Transition Bonds to be redeemed plus all other amounts due and payable hereunder whereupon all such Transition Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 10.02 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0410.01.

MANDATORY REDEMPTION BY ISSUER. If the Seller is required to ------------------------------ repurchase the RRB Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the RRB Property pursuant to Section 5.01(e) of the Sale Agreement, the Issuer shall be required to redeem all outstanding Bonds on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the "Mandatory Redemption Date") for a purchase price equal to the then outstanding principal amount of the Bonds plus accrued and unpaid interest thereon at the Bond Interest Rate to the Mandatory Redemption Date (such price being called the "Mandatory Redemption Price"). If the Issuer is required to redeem the Bonds pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Trustee and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Trustee, not later than 12:00 noon Eastern Time on the Repurchase Date, the Mandatory Redemption Price of the Bonds to be redeemed whereupon all such Bonds shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 to each Holder of the Bonds pursuant to this Section 10.04.