Common use of Prepayment Price Clause in Contracts

Prepayment Price. In the case of prepayment of the entire Loan pursuant to any provision of this Article, the prepayment price shall be the sum of the following: (a) To the Trustee, an amount of money equal to the amount of all principal, interest and any premium required to be paid in connection with the corresponding redemption of Bonds under the Indenture (plus any premium payable with respect to Bonds theretofore redeemed), plus (b) to the Trustee or to the persons to whom Additional Payments are or will be due, an amount of money equal to the Additional Payments accrued and which will accrue until final maturity of the Bonds or until the appropriate redemption date if the Bonds are to be redeemed; provided that this portion of such prepayment price will be deemed paid if provisions acceptable to the Trustee, the Bank, the Remarketing Agent and the Issuer are made for paying such Additional Payments as they become due. The Issuer shall be entitled to rely upon a certificate or opinion of Bond Counsel that such funds are sufficient for all purposes under this Agreement and the Indenture.

Prepayment Price. In the case of prepayment of the entire Loan pursuant to any provision of this Article, the prepayment price shall be the sum of the following: (a) To the Trustee, an amount of money equal to the amount of all principal, interest and any premium required to be paid in connection with the corresponding redemption of Bonds under the Indenture (plus any premium payable with respect to Bonds theretofore redeemed), plus (b) to the Trustee or to the persons to whom Additional Payments are or will be due, an amount of money equal to the Additional Payments accrued and which will accrue until final maturity of the Bonds or until the appropriate redemption date if the Bonds are to be redeemed; provided that this portion of such prepayment price will be deemed paid if provisions acceptable to the Trustee, the Bank, the Remarketing Agent and the Issuer are made for paying such Additional Payments as they become due. The Issuer shall be entitled to rely upon a certificate or opinion of Bond Counsel that such funds are sufficient for all purposes under this Agreement and the Indenture.

Prepayment Price. In the case of prepayment of the entire Loan ban pursuant to any provision of this Article, the prepayment price shall be the sum of the following: (a) To the Trustee, an amount of money equal to the amount of all principal, interest and any premium required to be paid in connection with the corresponding redemption of Bonds under the Indenture (plus any premium payable with respect to Bonds theretofore redeemed), plus (b) to the Trustee or to the persons to whom Additional Payments are or will be due, an amount of money equal to the Additional Payments accrued and which will accrue until final maturity of the Bonds or until the appropriate redemption date if the Bonds are to be redeemed; provided that this portion of such prepayment price will be deemed paid if provisions acceptable to the Trustee, the Letter of Credit Bank, the Remarketing Agent and the Issuer are made for paying such Additional Payments as they become due. The Issuer shall be entitled to rely upon a certificate or opinion of Bond Counsel that such funds are sufficient for all purposes under this Agreement and the Indenture.