82002566 - Laserfiche WebLink

Browse

~ 82= j~c1~5~~ destroyed or taken in a condemnation proceeding to which Section 6.2(b) of 'the Agreement is applied, or {2) Company' shall exercise it option to, purchase the Project as provided in Section 10.2 of the Agreement, or (3) Cbmpany shall be obliga ed to-purchase the Prbject,as provided in Article XI of the Agreement. If called-for redemption at any ,time. pursuant to` (1) or {2)` above,, the Series'1982 Bonds shall be subject to redemption by I suec prior to'maturty on any interest payment'date,. in whole or (in the case: of redemption pursuant to Section 6.2 (b) of 'the agreement} in part in the inverse order of their maturities, less thah all of such Series 1982 Bond of a single maturity to be selected by lot - in such. manner as .Trustee may determine, at a redemption price'of one hund;ed percent (1000 of'the principal amoun thereof plus accrued interest to the redemptoh date. If called for redemption-at any time pursuant to (3) above, the Bonds shalt: be suuject to redemption by Issuer priar to maturity within one hundred eighty days {180) after a "De er-'` urination of Taxab'lity," as `that term is defined in'Article XI of-the:Agreement,"at (a) one hundred percent (1000 of the >aggregate principal amount of Bonds outs andng at the time oP a ~etermnatian of Taxabiity--plas accrued `interest at a ...penalty rate in an amount equal to the Interest Sate plus-one percent (1$). from the Taxable Rafe {as_defined'-in the Agree- ment) to tne'date of the payment or redemption of such Bonds, provided"-that if-.any such .Bond is held by more"than one person-be ween the Taxable"Date and the date of; payment oc edemption,"such redemption premium shall be allocated among such holders based on the length of time such holder held 'the Bond subsequent to the Taxable Date:. (8) The Series 19:82 Bonds are'also subject to redemp'- tion by Issuer, at the option of company, on any interest payment date"on or after. July 1, 1986, in whole: or in part.-im <such manner -as Trustee may ,determine, at Yedemption_prices; {expressed as percentages of principal amount) as-.set forth below, plus accrued interest' o the redemption Sate:" Redemption Dates Redemption Prices July 1, 1986`and January 2, 1986 1033 July 1, 1987 and January 2, 1987 102 July 1, 1988=and January 2, 1988 lOl~s- Notwithstandng the foregoing provisions, he Series 1982 Bonds are further-subject to redemption by issuer, at C-9 l..