Series B Bonds. February 1, 1940 August 1, 1927(a)(b)...
Series B Bonds. The Series B Bonds shall bear interest from the Original Issue Date through the Series B Maturity Date at a fixed rate of Five and 75/100 percent (5.75%) per annum.
Series B Bonds. Following the Interest Only Period, beginning on August 28, 2007, and on the 28th day of each calendar month through and including July 28, 2014, eighty-four (84) equal monthly principal and interest payments in the amount of Seven Thousand Two Hundred Sixty-Five and 78/100 Dollars ($7,265.78);
Series B Bonds. February 1, 1940 August 1, 1927(a)(b).............. Series C Bonds February 1, 1940 February 1, 1931(a)(b)............ Series D Bonds February 1, 1940
Series B Bonds. Without optional redemption (1) With optional redemption (1) Average life Final maturity Average life Final maturity years date years date years date years date 18,33 17,20 17,00 16,80 16,61 16,42 16,24 16,07
Series B Bonds. The Series B Bonds are subject to targeted mandatory sinking fund redemption by application of the targeted Sinking Fund Installments as provided herein on each 15 and 15, commencing on the respective dates set forth below at a Redemption Price equal to 100% of the Principal Amount of each Series B Bond or portion thereof to be redeemed, plus accrued interest to the date of redemption thereof, without premium, but only to the extent of Subordinate Residual Revenues available for such purpose, on the respective dates and in the targeted mandatory sinking fund amounts set forth in the following table: Subordinate Series B Bonds Maturing on 15, 20 Sinking Fund Redemption Date Principal Amount ( 15 and 15) To Be Redeemed
Series B Bonds. The Series B Bonds are subject to optional redemption at the option of the Authority at the request of the Borrower, prior to the stated maturity thereof as may be directed by the Authority, at the request of the Borrower, in whole or in part, on any date, at a Redemption Price equal to the principal amount of each Series B Bond or portion thereof to be redeemed), subject to the availability of funds for such purpose on the redemption date, plus accrued interest thereon to the date fixed for redemption without premium.
Series B Bonds. Except as may be otherwise provided in this Indenture, in the event of redemption of less than all of the Outstanding Series B Bonds of a like maturity, the Trustee shall assign to each such Outstanding registered Series B Bond of the maturity to be redeemed a distinctive number for each $5,000 of the Principal Amount of such Series B Bond and shall select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to such Series B Bonds as many numbers as, at $5,000 for each number, shall equal the Principal Amount of such Series B Bonds to be redeemed. The Series B Bonds to be redeemed shall be the Series B Bonds to which were assigned numbers so selected; provided, however, that only so much of the Principal Amount of each such registered Series B Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. For purposes of this Section, Series B Bonds which have theretofore been selected by lot for redemption shall not be deemed Outstanding.
Series B Bonds. The proceeds of the sale of the Series B Bonds in the amount of $ (representing $ in aggregate principal amount, less original issue discount of $ , less an Underwriter’s discount of $ ) shall be deposited with the Trustee on the Closing Date and credited to the Project Fund. The proceeds of the Series B Bonds on deposit in the Project Fund shall be disbursed in accordance with the provisions of Section 5.2 hereof and the terms of the Loan Agreement as follows:
(1) to the Cost of Issuance Fund an amount equal to $ ; and
(2) to the Series B Bonds Debt Service Reserve Fund an amount equal to $ ;
(3) to the Restricted Account of the Repair and Replacement Fund an amount equal to $ .
Series B Bonds. Company contemplates entry into the Bond Documents in order to cause the issuance of the Series B Bonds, so that the Series B Bond Proceeds may be used to finance the Project.
