The Refunding Bonds. The Refunding Bonds shall be issued pursuant to Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the “Act”) and other applicable law, in accordance with Resolution No. [ ] of the Board of Education of the District, adopted on April 28, 2020 (the “District Resolution”), and pursuant to the terms of that certain Paying Agent Agreement, dated as of July 1, 2020 (the “Paying Agent Agreement”), to be entered into between the District and the Treasurer and Tax Collector the City and County of San Francisco, as paying agent (the “Paying Agent”) with respect to the Refunding Bonds. The Refunding Bonds shall conform in all respects to the terms and provisions set forth in the District Resolution, the Paying Agent Agreement, and in Appendix A to this Purchase Contract. The Refunding Bonds shall be dated the date of delivery, and shall mature on June 15 in each of the years, in the principal amounts, and pay interest at the rates shown in Appendix A. Interest on the Refunding Bonds shall be payable on [December 15, 2020], and thereafter on June 15 and December 15 in each year until maturity. [The Refunding Bonds shall be subject to optional and mandatory sinking fund redemption on the terms and at the times shown in Appendix A.] The Refunding Bonds shall be issued in full book-entry form and otherwise be as described in the preliminary Official Statement of the District with respect thereto, dated [POS Date] (the “Preliminary Official Statement”). One fully registered certificate for each maturity of the Refunding Bonds will be prepared and delivered as described in Section 8 hereof, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, NY (“DTC”), and will be made available to the Underwriter for inspection at such place as may be mutually agreed to by the Underwriter and the District, not less than one business day prior to the Closing Date, as defined in Section 8 hereof. The Underwriter shall order CUSIP identification numbers and the District shall cause such CUSIP identification numbers to be printed on the Refunding Bonds, but neither the failure to print such number on any Refunding Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to accept delivery of and pay for the Refunding Bonds in accordance with the terms of this Purchase Contract.
The Refunding Bonds. (a) The Refunding Bonds shall be dated their date of delivery. The Refunding Bonds shall be issued in the principal amounts, shall bear interest at the rates, with the yield to maturity or redemption (as applicable), shall be subject to redemption, and shall mature on the dates and in the years all as set forth in Exhibit A hereto, which is incorporated herein by this reference. The Refunding Bonds shall be issued in fully registered form, in the authorized denominations of $5,000 or any integral multiple thereof. The Refunding Bonds shall bear interest payable from the date thereof and such interest shall be payable on each February 1 and August 1, commencing February 1, 2025. The Refunding Bonds shall be in definitive form, shall bear CUSIP numbers, and shall be in fully registered form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”).
The Refunding Bonds. The Refunding Bonds in the aggregate principal amount of $[Par Amount] are issued under this Paying Agent Agreement, upon terms further described below in this Section:
The Refunding Bonds. (a) There are hereby created and established two separate series of Additional Bonds designated, respectively, "Waterford 3 Secured Lease Obligation Bonds, % Series [B/C] due ____" (the "Series [B/C] ____ Bonds") and "Waterford 3 Secured Lease Obligation Bonds, % Series [B/C] due ____" (the "Series [B/C] ____ Bonds"; and, together with the Series [B/C] ____ Bonds, the "Refunding Bonds"). The Refunding Bonds of each series shall be issued in the aggregate principal amounts, shall bear interest at the rates per annum and shall have the final maturities set forth below: Original Principal Interest Final Amount Rate Maturity Series [B/C] Bonds $ % ______ __, Series [B/C] Bonds $ ______ __, The Series [B/C] ____ Bonds and the Series [B/C] Bonds shall be substantially in the forms of Exhibits A-1 and A-2 hereto, respectively.
The Refunding Bonds. The Refunding Bonds shall be issued pursuant to Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the “Refunding Bond Law”) and by a resolution of the Town Council of the Town, adopted on May 12, 2020 (the “Resolution”). The Refunding Bonds shall be dated the date of their delivery and be payable as set forth and otherwise described in the Resolution and in this Purchase Agreement, including in Appendix A hereto. The Refunding Bonds shall otherwise be as described in the Preliminary Official Statement of the Town with respect to the Refunding Bonds, dated , 2020 (together with the cover page, inside cover page, any documents incorporated therein by reference, and all appendices, exhibits, maps, reports and statements included therein or attached thereto, the “Preliminary Official Statement”). The Refunding Bonds shall be executed and delivered under and in accordance with the provisions of the Resolution and the applicable provisions of California law. The Refunding Bonds shall be in book-entry form, shall bear CUSIP numbers, shall be in fully registered form initially, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”).
