Maturities; Interest. The Bonds shall bear interest at the rate or rates set forth below, payable on February 1 and August 1 of each year, commencing February 1, 2013 (each an “Interest Payment Date”), and shall mature and become payable as to principal on August 1 of the years and in the amounts as set forth below: Maturity Date (August 1) Principal Amount Interest Rate Maturity Date (August 1) Principal Amount Interest Rate Each Bond shall bear interest from the Interest Payment Date next preceding the date of registration and authentication thereof unless (i) it is registered and authenticated as of an Interest Payment Date, in which event it shall bear interest from such date, or (ii) it is registered and authenticated prior to an Interest Payment Date and after the close of business on the fifteenth day of the month preceding such Interest Payment Date, in which event it shall bear interest from such Interest Payment Date, or (iii) it is registered and authenticated on or prior to January 15, 2013, in which event it shall bear interest from the date of original issuance and authentication of the Bonds; provided, however, that if at the time of registration and authentication of a Bond, interest is in default thereon, such Bond shall bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon. Interest on the Bonds shall be calculated on the basis of a 360-day year composed of twelve 30-day months.
Maturities; Interest. The Bonds shall bear interest from the Closing Date at the annual rates of interest set forth below, payable on each February 1 and August 1, commencing August 1, 2014, and shall mature and become payable on August 1 of the years and in the principal amounts as set forth below: Maturity Date (August 1) Principal Amount Interest Rate $ % Each Bond shall bear interest from the Interest Payment Date next preceding the date of registration and authentication thereof unless (i) it is authenticated as of an Interest Payment Date, in which event it shall bear interest from such date, or (ii) it is authenticated prior to an Interest Payment Date and after the close of business on the 15th day of the month on which such Interest Payment Date occurs, in which event it shall bear interest from such Interest Payment Date, or (iii) it is authenticated prior to the first Record Date, in which event it shall bear interest from the Closing Date. Notwithstanding the foregoing, if interest on any Bond is in default at the time of authentication thereof, such Bond shall bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon.
Maturities; Interest. The Bonds shall be issued as one single Term Bond which matures on August 1, 20 and bears interest (calculated on the basis of a 360- day comprised of twelve 30-day months) at the Tax-Exempt Rate (2.750% per annum). If there is a Determination of Taxability, the interest rate on the Bonds shall be adjusted to the Taxable Rate, retroactive to the date interest is determined to become includable in the gross income of the Owner. The District covenants to provide a revised debt service schedule to the County under such circumstances. Each Bond will bear interest from the Interest Payment Date next preceding the date of registration and authentication thereof unless (i) it is authenticated as of an Interest Payment Date, in which event it will bear interest from such date, or (ii) it is authenticated prior to an Interest Payment Date and after the close of business on the preceding Record Date, in which event it will bear interest from such Interest Payment Date, or (iii) it is authenticated on or before the first Record Date, in which event it will bear interest from the dated date of the Bonds; provided, however, that if at the time of authentication of a Bond, interest is in default thereon, such Bond will bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon.
Maturities; Interest. The Current Interest Bonds shall accrue interest at the annual interest rates set forth below, and shall mature on August 1 in the years and amounts set forth below: Maturity Date (August 1) Principal Amount Interest Rate Maturity Date (August 1) Principal Amount Interest Rate The Capital Appreciation Bonds shall accrete interest at the Accretion Rate set forth below, compounded on the Compounding Dates, and shall mature and become payable as to Maturity Value on August 1 of the years and in the amounts as set forth below: Maturity Date Maturity Value Accretion Rate Maturity Date Maturity Value Accretion Rate
