Common use of Unexpended Proceeds Clause in Contracts

Unexpended Proceeds. The 2024 Series F Bonds, other than the Premium Serial Bonds, are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 Series F Bonds transferred from the 2024 Series F subaccount of the Acquisition Account to the 2024 Series F subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Appears in 1 contract

Sources: Indenture

Unexpended Proceeds. The 2024 2025 Series F Bonds, EFG Bonds (other than the Premium Serial Term Bonds, ) are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds sold at a premium shall be redeemed at a Redemption Price that maintains the respective original yield yields on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 2025 Series F EFG Bonds transferred from the 2024 2025 Series F EFG subaccount of the Acquisition Account to the 2024 2025 Series F EFG subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Appears in 1 contract

Sources: Indenture

Unexpended Proceeds. The 2024 Series F Bonds, other than the Premium Serial Bonds, B Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 Series F B Bonds transferred from the 2024 Series F B subaccount of the Acquisition Account to the 2024 Series F B subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Appears in 1 contract

Sources: Indenture

Unexpended Proceeds. The 2024 Series F D Bonds, other than the Premium Serial Bonds, are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 Series F D Bonds transferred from the 2024 Series F D subaccount of the Acquisition Account to the 2024 Series F D subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Appears in 1 contract

Sources: Indenture

Unexpended Proceeds. The 2024 Series F E Bonds, other than the Premium Serial Bonds, are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 Series F E Bonds transferred from the 2024 Series F E subaccount of the Acquisition Account to the 2024 Series F E subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Appears in 1 contract

Sources: Indenture

Unexpended Proceeds. The 2024 2025 Series F H Bonds, other than the Premium Serial Term Bonds, are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 2025 Series F H Bonds transferred from the 2024 2025 Series F H subaccount of the Acquisition Account to the 2024 2025 Series F H subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Appears in 1 contract

Sources: Indenture