Common use of Payment of Debt Securities Called for Redemption Clause in Contracts

Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 13.02, the Debt Securities shall become due and payable on the Tax Redemption Date and at the place or places stated in such notice at the Tax Redemption Price, together with any Additional Amounts, and on and after said Tax Redemption Date (unless the Issuer shall default in the payment of such Debt Securities at the Tax Redemption Price) interest on the Debt Securities shall cease to accrue. Prior to 10:00 a.m. New York City time on the Tax Redemption Date specified in such notice of redemption, the Issuer will deposit with the Trustee or with one or more paying agents an amount of money sufficient to redeem the Debt Securities on the Tax Redemption Date at the Tax Redemption Price. On presentation and surrender of the Debt Securities at a place of payment specified in said notice, the Debt Securities shall be paid and redeemed by the Issuer at the Tax Redemption Price.

Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 13.02, the Debt Securities with respect to which such notice has been given shall become due and payable on the Tax Redemption Date and at the place or places stated in such notice at the Tax applicable Redemption Price, together with any Additional Amounts, and on and after said Tax Redemption Date (unless the Issuer shall default in the payment of such Debt Securities at the Tax Redemption Price) interest on the Debt Securities shall cease to accrue. Prior to 10:00 a.m. New York City time on the Tax Redemption Date specified in such notice of redemption, the Issuer will deposit with the Trustee or with one or more paying agents an amount of money sufficient to redeem the Debt Securities on the Tax Redemption Date at the Tax Redemption Price. On presentation and surrender of the such Debt Securities at a place of payment specified in said notice, the such Debt Securities shall be paid and redeemed by the Issuer at the Tax Redemption Price.