Common use of Details of the Bonds Clause in Contracts

Details of the Bonds. The Bonds shall be issued in fully registered form and shall be numbered from 1 upwards in the order of their issuance or in any other manner deemed appropriate by the Paying Agent and the Authority. The Bonds shall be initially in the denomination of $25,000 or any integral multiple thereof prior to the Conversion Date and thereafter in Authorized Denominations as defined in Section 501. The Bonds shall be dated the date of original delivery thereof, and interest shall accrue from that date. The interest on Bonds until they come due shall be payable on the interest payment dates applicable to the Mode the Bonds are in from time to time; provided, however, that Liquidity Provider Bonds shall bear interest as described in Section 503. The Bonds shall be initially in the Auction Rate Mode. Bonds shall be signed on behalf of the Authority by the manual or facsimile signature of any two of the Chairman, Vice Chairman, Treasurer, and Executive Director and the corporate seal of the Authority or a facsimile thereof shall be engraved or otherwise reproduced thereon. The Certificate of Authentication of the Trustee shall be manually signed on behalf of the Trustee. No bonds shall be issued under this Agreement other than the Bonds. In case any officer of the Authority whose manual or facsimile signature shall appear on any Bonds shall cease to be such officer before the delivery thereof, such manual or facsimile signature shall nevertheless be valid and sufficient for all purposes as if he or she had remained in office until after such delivery. The Bonds shall mature on May 1, 2021 and shall bear interest as provided in this Agreement for the Mode they are in from time to time. The Bonds are subject to redemption and optional and mandatory tender for purchase all as described in Articles IV and V of this Agreement and the form of Bonds.

Details of the Bonds. (i) The Bonds shall be issued upon the Authority's written request in fully registered form and shall be numbered from 1 upwards in the order of their issuance issuance, or in any other manner deemed appropriate by the Paying Agent and the Authority. The Bonds shall be initially issuable as fully registered bonds without coupons in Authorized Denominations. (ii) Each Bond shall be dated December 1, 1996 and shall mature, subject to prior redemption, upon the denomination terms and conditions hereinafter set forth, on the Maturity Date. Each Bond shall bear interest from the Interest Payment Date to which interest has been paid or duly provided for next preceding its date of $25,000 or any integral multiple thereof authentication, unless (A) such date shall be prior to the Conversion Date and thereafter first Interest Payment Date, in Authorized Denominations as defined in Section 501. The Bonds which case such Bond shall bear interest from December 1, 1996 or (B) such date of authentication shall be dated an Interest Payment Date to which interest on the Bonds has been paid in full or duly provided for, in which case such Bond shall bear interest from such date of original delivery thereof, and interest shall accrue from that date. The interest on Bonds until they come due shall be payable on the interest payment dates applicable to the Mode the Bonds are in from time to timeauthentication; provided, however, that Liquidity Provider if, as shown by the records of the Trustee, interest on the Bonds shall be in default, Bonds issued in exchange for Bonds surrendered for transfer or exchange shall bear interest as described from the last date to which interest has been paid in Section 503full or duly provided for on the Bonds or, if no interest has been paid or duly provided for on the Bonds, from December 1, 1996. Each Bond shall bear interest on overdue principal. (iii) The Bonds shall be initially in the Auction Rate Mode. Bonds shall be signed on behalf of the Authority by the manual or facsimile signature of any two of the Chairman, Vice Chairman, Treasurer, Chairman and Executive Director the Secretary and the corporate seal of the Authority or a facsimile thereof shall be engraved or otherwise reproduced thereon. The Certificate of Authentication authenticating certificate of the Trustee Paying Agent shall be manually signed on behalf of the Trustee. No bonds shall be issued under this Agreement other than the Bonds. Paying Agent as authenticating agent. (iv) In case any officer of the Authority whose manual or facsimile signature shall appear on any Bonds Bond shall cease to be such officer before the delivery thereof, such manual or facsimile signature shall nevertheless be valid and sufficient for all purposes as if he or she had remained in office until after such delivery. The . (v) Subject to Subsection 301(c), the principal of, premium, if any, and interest on the Bonds shall mature be payable in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts, and such principal and premium, if any, shall be payable at the Principal Office of the Paying Agent, or its successor in trust. Payment of interest on May 1, 2021 any Interest Payment Date on any Bond shall be made to the Bondowner thereof as of the close of business on the Record Date immediately prior thereto and shall bear be made (A) by check or draft mailed on the Interest Payment Date to such Bondowner at his address as it appears on the registration books of the Authority or at such other address as is furnished the Registrar in writing by such Bondowner not later than the close of business on the Record Date immediately prior to an Interest Payment Date, or (B) except for interest as in respect of a Long-Term Interest Rate Period, transmitted by wire transfer to the accounts with commercial banks located within the United States of America of those Bondowners which shall have provided wire transfer instructions to the Paying Agent prior to the close of business on such Record Date, but, in this Agreement the case of interest payable in respect of a Short-Term Segment, only upon presentation of such Bond for exchange or transfer in accordance with the Mode they are provisions hereof, except, in from time each case, that, if and to time. The the extent that there shall be a default in the payment of the interest due on such Interest Payment Date, such defaulted interest shall be paid to the Bondowners in whose names any such Bonds are subject to redemption and optional and mandatory tender for purchase all as described in Articles IV and V registered at the close of this Agreement and business on the form fifth (5th) Business Day next preceding the date of Bondspayment of such defaulted interest.

Details of the Bonds. (i) The Bonds of each series shall be issued upon the Authority’s written request, upon a resolution duly adopted by the Authority, in fully registered form and shall be numbered from 1 upwards in the order of their issuance issuance, or in any other manner deemed appropriate by the Paying Agent and the Authority. The Bonds shall be initially in the denomination of $25,000 or any integral multiple thereof prior to the Conversion Date and thereafter issuable as fully registered bonds without coupons in Authorized Denominations as defined in Section 501. The Bonds Denominations. (ii) Each Bond shall be dated the date of original delivery thereofthereof and shall mature, subject to prior redemption, upon the terms and conditions hereinafter set forth, on the Maturity Date. Each Bond shall bear interest from the Interest Payment Date to which interest has been paid or duly provided for next preceding its date of authentication, unless (A) such date shall accrue be prior to the first Interest Payment Date, in which case such Bond shall bear interest from that date. The the date of first authentication and delivery of Bonds hereunder or (B) such date of authentication shall be an Interest Payment Date to which interest on Bonds until they come due shall be payable on the interest payment dates applicable to the Mode the Bonds are has been paid in full or duly provided for, in which case such Bond shall bear interest from time to timesuch date of authentication; provided, however, that Liquidity Provider if, as shown by the records of the Trustee, interest on the Bonds shall be in default, Bonds issued in exchange for Bonds surrendered for transfer or exchange shall bear interest as described from the last date to which interest has been paid in Section 503full or duly provided for on the Bonds or, if no interest has been paid or duly provided for on the Bonds, from the date of the first authentication and delivery of Bonds hereunder. Each Bond shall bear interest on overdue principal and, to the extent permitted by law, on overdue interest at the rate borne by the Bonds on the date on which such principal or such interest became due and payable. (iii) The Bonds shall be initially in the Auction Rate Mode. Bonds shall be signed on behalf of the Authority by the manual or facsimile signature of any two of the Chairman, Vice Chairman, Treasurer, Chairman and Executive Director the Secretary and the corporate seal of the Authority or a facsimile thereof shall be engraved or otherwise reproduced thereon. The Certificate of Authentication authenticating certificate of the Trustee Paying Agent shall be manually signed on behalf of the Trustee. No bonds shall be issued under this Agreement other than the Bonds. Paying Agent as authenticating agent. (iv) In case any officer of the Authority whose manual or facsimile signature shall appear on any Bonds Bond shall cease to be such officer before the delivery thereof, such manual or facsimile signature shall nevertheless be valid and sufficient for all purposes as if he or she had remained in office until after such delivery. . (v) The principal of, premium, if any, and interest on the Bonds shall mature be payable in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts, and such principal and premium, if any, shall be payable at the Principal Office of the Paying Agent or its successor in trust. Payment of interest on May 1, 2021 any Interest Payment Date on any Bond shall be made to the Bondowner thereof as of the close of business on the Record Date immediately prior thereto and shall bear be made (A) by check mailed on the Interest Payment Date to such Bondowner at his address as it appears on the registration books of the Authority or at such other address as is furnished the Paying Agent in writing by such Bondowner not later than the close of business on the Record Date immediately prior to an Interest Payment Date, or (B) transmitted by wire transfer in immediately available funds to the accounts with commercial banks located within the United States of America of those Bondowners holding Bonds of a series in the principal amount of not less than $1,000,000 and which shall have provided wire transfer instructions to the Paying Agent prior to the close of business on such Record Date, except, in each case, that, if and to the extent that there shall be a default in the payment of the interest as provided due on such Interest Payment Date, such defaulted interest shall be paid to the Bondowners in this Agreement for the Mode they are in from time to time. The whose names any such Bonds are subject registered at the close of business on the fifth (5th) Business Day next preceding the date of payment of such defaulted interest. (vi) None of the Bonds issued under this Agreement, including the Series 2002 Bonds, nor any of the principal, premium, if any, and interest thereon shall be deemed to redemption constitute a debt, liability or obligation of the State of Florida or any political subdivision, agency or instrumentality thereof, including, without limitation, the Authority and optional Hillsborough County. Neither the Authority, Hillsborough County nor the State of Florida or any political subdivision, agency or instrumentality thereof, shall be obligated to pay any Bond, or the principal, premium, if any, or interest thereon except from the payments from the Company, and mandatory tender for purchase all as described in Articles IV neither the faith and V credit nor the taxing power of this Agreement any authority or county, including without limitation the Authority and Hillsborough County, or of the form State of BondsFlorida or any political subdivision, agency or instrumentality thereof is pledged to the payment of the principal of, premium, if any, or interest on any Bond.