83000621 - Laserfiche WebLink

Browse

I 83-- ~Cit~fi~:? execute and deliver to Trustee, and Trustee shall authenti- cate and deliver, in exchange therefor, a Bond or Bonds in definitive form. Such exchange shall be made by Trustee without making any charge therefor to the holder of such Bond in temporary form. - ARTICLE IIZ REDEMPTION OF BONDS BEFORE MATURITY Section 3.01. Redemption Dates and Prices. The Series 1983 Bonds are callable for redemption at the direction of the Company, in whole or in part, on any interest payment date, at 100% of the aggregate principal amount of the Bonds to be redeemed plus accrued interest to the redemption date. In addition, the Series 1983 Bonds are callable for redemp- tion in the event (1) the Project or any portion thereof is damaged or destroyed or taken in a condemnation proceeding to which Section 5.2(b) of the Agreement is applied, or (2) Company shall be obligated to purchase the Project as pro- vided in Article XI of the Agreement. If called for redemption at any time pursuant to (1) above, the Series 1983 Bonds shall be subject to redemption by Issuer prior to maturity on any interest payment date, in whole or in part in reverse order of their maturities, less than all of such Series 1983 Bonds of a single maturity to be selected by iot in such manner as Trustee may determine, at a redemption priee of one hundred percent (100%) of the prin- cipal amount thereof plus accrued interest to the redemption data. If called for redemption at any time pursuant to (2) above, the Series 1983 Bonds shall be subject to redemption by Issuer prior to maturity within sixty (50) days after a "Determination of Taxability," as that term is defined in Article XI of the Agreement, at (a) one hundred percent (100%) of the aggregate principal amount of the Series 1983 Bonds outstanding at the time of a Determination of Taxabil- ity plus accrued interest to the redemption date, plus (b) a redemption premium (or compensatory payment to former holders) which shall be paid to each holder and former holder during the "Inclusion Period," as hereinafter defined, of each Series 1983 Bond redeemed due to a Determination of Taxability (as defined in the Agreement), or Outstanding on the Taxable Date (as defined in the Agreement). Said redemp- tion premium, or compensatory payment, with respect to each holder or former holder of a Series 1983 Bond shall be an amount equal to (i) the amount of interest which would have accrued during the Inclusion Period, as hereinafter defined, -1?-