Bond Terms. The Series R Bonds shall be dated the date of their authentication and shall bear interest from such date, except as otherwise provided for Bonds issued upon subsequent exchanges and transfers by Section 2.06 of the Original Indenture, shall mature and be due on December 31, 2028 ( the "MATURITY DATE"), and shall bear interest at 5.96% per annum, payable on the first Business Day (as hereinafter defined) of October, January, April, and July of each year, beginning with the first Business Day of October, 2005, and on the Maturity Date, until the Company's obligation with respect to the payment of principal, premium (if any) and interest shall be discharged. Business Day shall mean any day that CoBank is open for business, except any day when Federal Reserve Banks are closed. The Series R Bonds shall be issuable as registered bonds without coupons in the denominations of Five Hundred Thousand Dollars ($500,000) and any multiple thereof, numbered RR-l and upwards. reference: CoBank for the benefit of Artesian Water Company, Inc. (or to such other account as CoBank may direct by notice). Funds received by wire before 3:00 p.m. Eastern time shall be credited on the day received and funds received by wire after 3:00 p.m. Eastern time shall be credited the next Business Day. The Series R Bonds shall be redeemable as provided in the Original Indenture, in whole or in part, at any time or from time to time, either (i) at the option of the Company or (ii) pursuant to any provision of the Original Indenture or the Bond Purchase Agreement requiring or authorizing such redemption. Any redemption of the Series R Bonds shall be effected in accordance with the provisions of Article V of the Original Indenture and the provisions of this Section 1.2. In accordance with the provisions of Section 6.07 of the Original Indenture, in the event that either (i) all or substantially all the property of the Company at the time subject to the lien of the Indenture as a first mortgage lien thereon or (ii) all or substantially all of the property of the Company at the time subject to the lien of the Indenture as a first mortgage lien thereon that is used or useful in connection with the business of the Company as a water company or as a water utility shall be released from the lien of the Indenture under the provisions of Section 6.03 or Section 6.06 of the Original Indenture, then all of the Bonds then outstanding including the Series R Bonds are to be redeemed. The redemption of any ...
Bond Terms. COMPANY: Lithium Midco I Limited, a private limited company incorporated in Jersey with registration number 130208 and LEI code 213800ZUXWA8GTBPP307. ISSUER: Lithium Midco II Limited, a private limited company incorporated in Jersey with registration number 130209 and LEI code 213800LMLY7KJM93MI58. BOND TRUSTEE: Nordic Trustee AS, a company existing under the laws of Norway with registration number 963 342 624. DATED: 9 January 2020 These Bond Terms shall remain in effect for so long as any Bonds remain outstanding.
Bond Terms. (A) Work performed under this contract shall protect the beneficial uses of the coastal waters throughout the State.
Bond Terms. (i) The terms of such Bonds shall be substantially the same as set forth in the Base Case Projections delivered pursuant to Section 9.1(w) and shall otherwise be satisfactory to the Majority Lenders and the Issuing Bank; (ii) if such Bonds are to be supported by a Bond Letter of Credit, they will not be secured by the Collateral; and (iii) if such Bonds are not to be supported by a Bond Letter of Credit, they will be equally and ratably secured by the Collateral with the Secured Obligations pursuant to the Security Documents; provided that the Borrower shall not enter into Bond Documents for the issuance of, or issue pursuant to such Bond Documents, Unsupported Bonds without the prior written consent of the Majority Lenders.
Bond Terms. The total principal amount of the Bonds shall not exceed the Gross Bond Amount without the approval of the Finance Director and the Redeveloper.
Bond Terms. The Series T Bonds shall be dated the date of their authentication and shall bear interest from such date, except as otherwise provided for Bonds issued upon subsequent exchanges and transfers by Section 2.06 of the Original Indenture, shall mature on December 20, 2036 (the "Maturity Date"). The Series T Bonds shall bear interest at 4.24% per annum, from the date of their authentication through and including the Maturity Date. Interest on the Series T Bonds is payable in arrears on June 30th and December 31st of each year (or if such day is not a Business Day, such interest shall be payable on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment), beginning with June 30, 2017, and on the Maturity Date, until the Company's obligation with respect to the payment of principal, premium (if any) and interest shall be discharged. Business Day shall mean any day that CoBank is open for business, except any day when Federal Reserve Banks are closed. The Series T Bonds shall be issuable as registered bonds without coupons in the denominations of Two Hundred Thousand Dollars ($200,000) and any multiple thereof, numbered TR-1 and upwards. Unless otherwise agreed to in writing by the Company and the holders of the Series T Bonds, the payment of the principal of, premium (if any) and interest on, the Series T Bonds shall be made by the Company by wire transfer of immediately available funds for the advice and credit of CoBank to ABA No. 000000000, reference: CoBank for the benefit of Artesian Water Company, Inc. (or to such other account as CoBank may direct by notice). Funds received by wire before 3:00 p.m. Eastern time shall be credited on the day received and funds received by wire after 3:00 p.m. Eastern time shall be credited the next Business Day. The Trustee shall be fully protected in assuming the Company has made all payments due hereunder unless otherwise notified by the Company or the holder. The Series T Bonds shall be redeemable as provided in the Original Indenture, in whole or in part, at any time or from time to time, either (i) at the option of the Company, or (ii) pursuant to any provision of the Original Indenture or the Bond Purchase Agreement requiring or authorizing such redemption. Any redemption of the Series T Bonds shall be effected in accordance with the provisions of Article V of the Original Indenture (as it may be amended or modified from time to time) and the p...
Bond Terms. The total principal amount of the Bonds shall not exceed the Gross Bond Amount without the approval of the Common Council and the Redeveloper.
Bond Terms. The Bonds of Series Q shall be dated the date of their authentication and shall bear interest from such date, except as otherwise provided for Bonds issued upon subsequent exchanges and transfers by Section 2.06 of the Original Indenture, shall mature and be due on December 1, 2043 (the "Maturity Date"), and shall bear interest at 4.75% per annum, payable semiannually on the first Business Day (as hereinafter defined) of January and July of each year, beginning with the first Business Day of July, 2004, and on the Maturity Date, until the Company's obligation with respect to the payment of principal, premium (if any) and interest shall be discharged. For purposes of this Section 1.2, and any other definition of the term contained in the Indenture, Business Day shall mean a day on which banks located in Wilmington, Delaware and in the city in which the office of the Authority Bonds Indenture Trustee responsible for payment of the Authority Bond are not required or authorized to remain closed. The Bonds of Series Q shall be issuable as registered bonds without coupons in the denominations of Five Hundred Thousand Dollars ($500,000) and any multiple thereof, numbered QR-l and upwards. Unless otherwise agreed to in writing by the Company and the Authority Bonds Indenture Trustee, the payment of the principal of, premium (if any) and interest on, the Bonds of Series Q shall be made as provided in the Trust Indenture (the "Authority Bonds Indenture") by and between the Authority and the Authority Bonds Indenture Trustee, dated as of December 1, 2003 securing the Authority Bonds. The Bonds of Series Q shall be redeemable as provided in the Original Indenture and the Authority Bonds Indenture.
Bond Terms. The Series W Bonds shall be dated the date of their authentication and shall bear interest from such date, except as otherwise provided for Bonds issued upon subsequent exchanges and transfers by Section 2.06 of the Indenture, shall mature on April 30, 2047 (the “Maturity Date”). The Series W Bonds shall bear interest at 4.43% per annum, from the date of their authentication through and including the Maturity Date.
Bond Terms. The Series S Bonds shall be dated the date of their authentication and shall bear interest from such date, except as otherwise provided for Bonds issued upon subsequent exchanges and transfers by Section 2.06 of the Original Indenture, shall mature and be subject to redemption in a principal amount equal to $150,000 per calendar quarter, payable on the first Business Day of January, April, July and October in each year, beginning with the first Business Day of January, 2009, with all then outstanding principal due and payable on December 31, 2033 (the “Maturity Date”). Business Day shall mean any day that CoBank is open for business, except any day when Federal Reserve Banks are closed. The Series S Bonds shall initially bear interest at 6.73% per annum, from the date of their authentication through and including, March 1, 2016 (the “Initial Period”). Thereafter, the Series S Bonds shall bear interest at a fixed annual interest rate to be quoted by CoBank in its sole and absolute discretion for a period extending through the Maturity Date; provided, that at the request of the Company with CoBank’s written consent and upon terms acceptable to CoBank in its sole and absolute discretion, the interest rate on the Series S Bonds may be fixed for such shorter period as shall be agreed to by the Company and CoBank. The Company shall request that CoBank fix the interest rate on the Series S Bonds no later than three Business Days prior to (i) the expiration of the Initial Period and (ii) the expiration of each successive interest period (each, an “Interest Period”) that terminates prior to the Maturity Date (in each case, as agreed to by CoBank in its sole and absolute discretion). CoBank shall notify the Company of its determination of the new interest rate within three days of a request by the Company to fix the interest rate.
