Maturities, Form, Issuance Delivery and Registration of Bonds Sample Clauses

Maturities, Form, Issuance Delivery and Registration of Bonds. Section 2.1. The principal amount of the original bonds which may be issued and outstanding under this Indenture shall be [Twelve Million and 00/100 Dollars ($12,000,000)] face value, except as permitted by Section 2.7. The original bonds shall be originally dated as of , 2023, shall be issued in the denomination of [Five Thousand Dollars ($5,000) or any integral multiple thereof][One Hundred Thousand Dollars ($100,000), $1,000 increments in excess thereof], and shall be numbered consecutively from 1 up. The original bonds shall mature semiannually on February 1 and August 1 on the dates and in the amounts with interest at the rate per annum as follows: Maturity Principal
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Maturities, Form, Issuance Delivery and Registration of Bonds. Section. 2.1. The principal amount of the original bonds which may be issued and outstanding under this Indenture shall be [Twenty-four Million Dollars ($24,000,000)] face value, except as permitted by Section 2.7. The original bonds shall be originally dated as of , 2024, shall be issued in the denominations of Five Thousand Dollars ($5,000) or integral multiples thereof, and shall be numbered consecutively from 1 up. The original bonds shall mature semiannually on January 15 and July 15 on the dates and in the amounts with interest at the rate per annum as follows: Date Amount Interest Rate Date Amount Interest Rate The interest on all of the original bonds is payable semiannually on January 15 and July 15 of each year, beginning 15, 2024. Interest shall be calculated from the interest payment date next preceding the date of authentication to which interest has been paid unless the bond is authenticated on or before the first day of the month containing an interest date immediately preceding the first interest payment date, in which case interest shall be paid from the original date, or unless the bond is authenticated after the first day of the month containing an interest payment date and on or before such interest payment date, in which case interest shall be paid from such interest payment date. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
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Maturities, Form, Issuance Delivery and Registration of Bonds 
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Related to Maturities, Form, Issuance Delivery and Registration of Bonds

  • Redemption of Bonds The Issuer shall take the actions required by the Indenture to discharge the lien thereof through the redemption, or provision for payment or redemption, of all Bonds then outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then outstanding, upon receipt by the Issuer and the Trustee from the Company of a notice designating the principal amounts, series and maturities of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption, which shall not be less than forty-five (45) days from the date such notice is given (or such shorter period as may be agreed to by the Trustee), and the applicable redemption provision of the Indenture. Unless otherwise stated therein or otherwise required by the Indenture, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article IX of the Indenture. The Company shall furnish, as a prepayment of the Loan Payments, any moneys or Government Securities (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Issuer in connection with any of the foregoing purposes.

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