Common use of MANDATORY REDEMPTION BY ISSUER Clause in Contracts

MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem all Bonds that have been called for redemption pursuant to this Indenture on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the Supplement, which in any case shall be not less than the outstanding Principal amount of the Bonds to be redeemed, plus accrued Interest thereon to, but excluding, such Redemption Date. If the Issuer is required to redeem the Bonds pursuant to this Section 10.01, it shall furnish written notice of such requirement to the Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Trustee the redemption price of the Bonds to be redeemed plus all other amounts due and payable hereunder whereupon all such Bonds shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 hereof to each Holder of the Bonds pursuant to this Section 10.01.

Appears in 1 contract

Sources: Indenture (CenterPoint Energy Restoration Bond Company, LLC)

MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem all Transition Bonds of a Series that have been called for redemption pursuant to this Indenture Section 10.01 on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the SupplementSeries Supplement for such Series, which in any case shall be not less than the outstanding Principal principal amount of the Bonds to be redeemed, plus accrued Interest interest thereon to, but excluding, such Redemption Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0110.02, it shall furnish written notice of such requirement to the Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Trustee the 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 Redemption Date upon the furnishing of a notice complying with Section 10.02 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0110.02.

Appears in 1 contract

Sources: Indenture (Reliant Energy Transition Bond Co LLC)

MANDATORY REDEMPTION BY ISSUER. The Issuer shall redeem all Transition Bonds of a Series that have been called for redemption pursuant to this Indenture to Section 10.01 on the Redemption Date or Dates, if any, in the amounts required, if any, and at the redemption price specified in the SupplementSeries Supplement for such Series, which in any case shall be not less than the outstanding Principal amount of the Bonds to be redeemed, plus accrued Interest thereon to, but excluding, such Redemption Date. If the Issuer is required to redeem the Transition Bonds of a Series pursuant to this Section 10.0110.02, it shall furnish written notice of such requirement to the Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Trustee the 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 Redemption Date upon the furnishing of a notice complying with Section 10.02 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.0110.02.

Appears in 1 contract

Sources: Indenture (CenterPoint Energy Transition Bond CO II, LLC)