Examples of the Ordinance in a sentence
Permit or cause the redemption (pursuant to the terms of the Ordinance) of any and all Liquidity Provider Bonds prior to selecting, or causing to be selected, for redemption any Bonds that are not Liquidity Provider Bonds.
On the Closing Date, none of this Agreement, the Ordinance or the Bonds provide for any payments that would violate State Law regarding permissible maximum rates of interest.
The Bonds, the Liquidity Provider Bonds and the other Obligations of the City hereunder are secured by an irrevocable Lien on and pledge of, and are payable solely from the Security; and such Lien and pledge of the Security shall be (i) pari passu with the Lien on the Security granted in support of the Parity Obligations under the Ordinance and (ii) prior in right and claim as to any other indebtedness, liability or obligation (other than Parity Obligations) of the City payable from the Security.
The City shall not declare, instruct the Paying Agent/Registrar to declare or permit an optional redemption of the Bonds pursuant to the Ordinance unless such optional redemption shall be funded from sources other than the moneys provided by the Bank under the Letter of Credit or unless the Bank shall otherwise consent in writing.
At all times, assure that the Bonds purchased pursuant to Article II shall be transferred to or held for the benefit of the Bank in accordance with the terms of the Ordinance and this Agreement.