5 GCA § 4.01
Terms of Redemption
View official PDF ↗(A)The 1997 Series A Bonds maturing after _________ are subject to redemption prior to their respective stated maturities, at the option of the Government, from any source of available funds, on any date on or after ________, _______, as a whole, or in part by such maturity or maturities as may be specified by Request of the Government (and by lot within a maturity), at the Redemption Prices (expressed as percentages of principal amount) set forth in the table below plus interest accrued thereon to the daze fixed for redemption: COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS Redemption Dates Redemption Prices ______, _______ to and including ______, _______ _______ % ______, _______ to and including ______, _______ _______ % ______, _______ to and including ______, _______ _______ % ______, _______ to and including ______, _______ _______ % _______, _______ and thereafter 100 % The Government shall notify the Trustee in writing at least 60 days prior to the date to be fixed for redemption of its intention to exercise its redemption option.
(B)The 1997 Series A Bonds maturing on Principal Payment Dazes in __________ and _________, respectively, are also subject to redemption prior to their stated maturities in part, by lot, from Mandatory Sinking Account Payments established for each such maturity in § 5.03(C), on each Principal Payment Date on or after the Principal Payment Date in ___________ or ___________, respectively, at the principal amount thereof plus interest accrued thereon to the date fixed for redemption, without premium.
(C)Any Series of Bonds, other than the 1997 Series A Bonds, may be made subject to redemption prior to maturity, as a whole or in part, at such time or times, upon payment of the principal amount thereof and interest accrued thereon to the date fixed for redemption plus such premium or premiums, if any, and upon such terms (in addition to and consistent with the terms contained in THIS Article) as may be determined by the Government at the time such Series is authorized or sold.
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.