Purchase and Sale Use of Proceeds. Subject to the terms and ---------------------------------- conditions contained in this Agreement:
Purchase and Sale Use of Proceeds. The Company agrees to sell, and the Purchaser agrees to purchase, an aggregate of $411,764 in principal amount of the New Debenture (inclusive of the original issue discount) for proceeds of $350,000. Accordingly, the Purchaser shall deliver to the Company, via wire transfer or a certified check, immediately available funds equal to $350,000 representing full payment to the Company of the proceeds for the New Debenture. The closing (“Closing”) of the purchase and sale of the New Debenture shall occur within two (2) Trading Days after the date hereof or at such other time as agreed by the Parties.
Purchase and Sale Use of Proceeds. Upon the terms and conditions and in reliance upon the representations, warranties and covenants herein, the Successor Agency hereby agrees to sell to the Underwriter and the Underwriter hereby agrees to purchase from the Successor Agency for offering to the public, all (but not less than all) of the (i) $ Successor Agency to the Community Development Commission of the City of Rohnert Park, Tax Allocation Refunding Bonds, Series 2018A (the “Series 2018A Bonds”), at the purchase price of $ (the “Series 2018A Bonds Purchase Price”) (being the principal amount of the Series 2018A Bonds of $ , less an Underwriter’s discount of $ , and [less]/[plus] a[n] [net] original issue [discount]/[premium] of $ ), and (ii) $ Successor Agency to the Community Development Commission of the City of Rohnert Park, Tax Allocation Refunding Bonds, Series 2018B (Federally Taxable) (the “Series 2018B Bonds” and together with the Series 2018A Bonds, the “Bonds”), at the purchase price of $ (the “Series 2018B Bonds Purchase Price” and together with the Series 2018A Bonds Purchase Price, the “Purchase Price”) (being the principal amount of the Series 2018B Bonds of $ , less an Underwriter’s discount of $ , and [less]/[plus] a[n] [net] original issue [discount]/[premium] of $ ). [As an accommodation to the Successor Agency, on the Closing Date (as defined in Section 6 below), the Underwriter will pay, from the Series 2018A Bonds Purchase Price, the total sum of $ to . (the “2018 Insurer”) representing the total premiums for the (i) insurance policy to be issued by the 2018 Insurer concurrently with the delivery of the Series 2018A Bonds guaranteeing the scheduled payment of principal of and interest on the Series 2018A Bonds when due (the “Series 2018A Insurance Policy”), and (ii) Municipal Bond Debt Service Reserve Insurance Policy issued by the 2018 Insurer guaranteeing certain payments into the Reserve Account with respect to the 2018 Bonds (the “2018 Reserve Policy”). As a further accommodation to the Successor Agency, the Underwriter will pay, from the Series 2018B Bonds Purchase Price, the total sum of $ to the 2018 Insurer representing the total premiums for the (i) insurance policy issued by the 2018 Insurer guaranteeing the scheduled payment of principal of and interest on the Series 2018B Bonds when due (the “Series 2018B Insurance Policy” and together with the Series 2018A Insurance Policy, the “2018 Insurance Policies”), and (ii) the 2018 Reserve Policy.] On the Closing Da...
Purchase and Sale Use of Proceeds. (a) Upon the terms and conditions and in reliance upon the representations, warranties and covenants herein, the Successor Agency hereby agrees to sell to the Underwriter and the Underwriter hereby agree to purchase from the Successor Agency for offering to the public, all (but not less than all) of the $ Successor Agency to the South El Monte Improvement District Subordinate Taxable Tax Allocation Refunding Bonds, Series 2019 (the “Bonds”), at the purchase price of $ (the “Purchase Price”) (being 100% of the principal amount of the Bonds and less an Underwriter’s discount of $ ). The Purchase Price will be delivered to the Trustee on behalf of the Successor Agency. The Purchase Price is to be paid on the Closing Date (as defined in Section 6 below). The Bonds shall be dated the Closing Date, and shall bear interest at the rates, shall mature on the dates and in the principal amounts, all as set forth in the attached Exhibit A. As an accommodation to the Successor Agency, the Underwriter will pay, from the Purchase Price, the sum of $ to (the “Insurer”) as the premium for its municipal bond insurance policy (the “Municipal Bond Insurance Policy”) issued for the Bonds, and the sum of $ to the Insurer as the premium for its reserve account municipal bond insurance policy issued for the Bonds (the “Reserve Account Insurance Policy”) and allocable to the Bonds. Such amounts shall be credited against the Purchase Price to be remitted by the Underwriter to the Trustee pursuant to the foregoing paragraph.
Purchase and Sale Use of Proceeds
