Procedures on Issuance. Except as otherwise provided in Article II hereof, Bonds shall be issuable hereunder only as follows:
Procedures on Issuance. The Bonds shall be executed by the State and delivered to the Fiscal Agent for countersignature and issue hereunder and, except as otherwise provided in Article II hereof, Bonds shall be issuable hereunder only as follows:
Procedures on Issuance. Except as otherwise provided in Article II, Bonds shall be issuable hereunder only as follows: Prior to the issuance of any Bonds of a Series, the State and the Fiscal Agent shall have executed the applicable Supplement, and the Fiscal Agent shall have received such opinions and certificates as the Fiscal Agent may reasonably request, including, if applicable, certificates with respect to Code Sections 1272 and 1273.
Procedures on Issuance. Except as otherwise provided in Article II hereof, Bonds shall be issuable hereunder only as follows: a. Prior to the issuance of any Bonds of an issue, the State and the Fiscal Agent shall have executed the applicable Supplement, and the Fiscal Agent shall have received such opinions and certificates as the Fiscal Agent may reasonably request, including, if applicable, certificates with respect to Code Sections 1272 and 1273. 16 b. The Fiscal Agent shall, from time to time, issue Bonds in such authorized denominations and in such aggregate principal amounts as shall be specified in Directions of the Financial Corporation, but the aggregate amounts of Bonds so issued shall not exceed the aggregate principal amount set forth in the applicable Supplement, excluding Bonds validated pursuant to Section 2.9. c. Subscriptions for the Bonds shall be made in accordance with regulations prescribed by the Financial Corporation on subscription forms (the general form of which shall have been approved by the State, the Fiscal Agent and the Financial Corporation), in each case appropriately completed and executed and accompanied by the subscription price. A subscription shall be deemed to have been accepted as of the date upon which the completed subscription forms and the purchase price are actually received in form acceptable to the Fiscal Agent or to the Financial Corporation on behalf of the Fiscal Agent. d. If the subscription price of any Bonds is paid to the Fiscal Agent in a currency other than the currency in which the Bonds are to be issued, the Fiscal Agent will convert the subscription price and execute the purchase of required currency funds at the prevailing rate of exchange on the date of its receipt of the subscription price or, if it is not practicable for the Fiscal Agent to purchase the required currency on such date of receipt, then it will purchase the required currency at the prevailing rate of exchange as soon thereafter as is practicable. The Fiscal Agent shall have no responsibility or liability for any fluctuation of the rate of exchange which may result in any diminution of the subscription price deposited. The State acknowledges that any such exchange rate may take into account any premium and other reasonable costs of exchange. 17 e. The Fiscal Agent shall deliver each Definitive Bond (or book-entry confirmation) to the appropriate owner and shall register the name of each owner in the Bond Register. f. Except as otherwise provided in a Dir...
