Common use of Partial Prepayment of Certificates Clause in Contracts

Partial Prepayment of Certificates. Upon the selection and call for prepayment of, and the surrender of, any 2020 Certificate for prepayment in part only, the Trustee shall cause to be executed and delivered to or upon the written order of the Owner thereof, at the expense of the Lessee, a new 2020 Certificate or 2020 Certificates of Authorized

Appears in 1 contract

Sources: Trust Agreement

Partial Prepayment of Certificates. Upon the selection and call for prepayment of, and the surrender of, any 2020 2019 Certificate for prepayment in part only, the Trustee shall cause to be executed and delivered to or upon the written order of the Owner thereof, at the expense of the Lessee, a new 2020 2019 Certificate or 2020 2019 Certificates of AuthorizedAuthorized Denominations in an aggregate principal amount equal to the unprepaid portion of the 2019 Certificate surrendered, in accordance with instructions received from the Owner thereof, with one 2019 Certificate being delivered in the absence of such instructions.

Appears in 1 contract

Sources: Trust Agreement