Common use of The Refunding Bonds Clause in Contracts

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”). (b) The Refunding Bonds shall otherwise be as described in and shall be issued and secured pursuant to the provisions of the resolution of the Board of Trustees of the District (the “Board of Trustees”) adopted on August 13, 2024 (the “Resolution”), which provides for the terms of the Refunding Bonds, this Purchase Agreement and Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the “Act”). The Refunding Bonds are being issued (i) to refund, on a current basis, [a portion of] the outstanding Marysville Joint Unified School District, Yuba County, California, 2014 General Obligation Refunding Bonds, maturing on August 1 in the years [2025 through 2033], inclusive (the “Prior Bonds”), and (ii) to pay costs of issuance of the Refunding Bonds. Capitalized terms used herein and not defined herein shall have the meanings set forth in the Resolution. (c) [The payment of principal of and interest on the Refunding Bonds will be enhanced by a municipal bond insurance policy (the “Policy”) to be issued simultaneously with the issuance of the Refunding Bonds by [INSURER] (the “Insurer”).] (d) Proceeds of the Refunding Bonds will be deposited in an escrow fund established under Escrow Agreement, dated as of [ _] 1, 2024 (the “Escrow Agreement”), by and between the District and the Escrow Bank, relating to the Prior Bonds. (e) In order to assist the Underwriter with compliance with Rule 15c2-12 of the Securities and Exchange Commission under the Securities and Exchange Act of 1934, as amended (the “Rule”), the District will enter into the Continuing Disclosure Certificate, dated the date of Closing (the “Continuing Disclosure Certificate”). (f) This Purchase Agreement, the Resolution, the Escrow Agreement and the Continuing Disclosure Certificate are collectively referred to herein as the “District Documents.” (g) The Refunding Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement and the Resolution.

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”). (b) The Refunding Bonds shall otherwise be as described in and shall be issued and secured pursuant to the provisions of the resolution of the Board of Trustees of the District (the “Board of Trustees”) adopted on August 13, 2024 (the “Resolution”), which provides for the terms of the Refunding Bonds, this Purchase Agreement and 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 are being issued (i) shall conform in all respects to refund, on a current basis, [a portion of] the outstanding Marysville Joint Unified School District, Yuba County, California, 2014 General Obligation Refunding Bonds, maturing on August 1 in the years [2025 through 2033], inclusive (the “Prior Bonds”), terms and (ii) to pay costs of issuance of the Refunding Bonds. Capitalized terms used herein and not defined herein shall have the meanings provisions set forth in the District Resolution. (c) [, the Paying Agent Agreement, and in Appendix A to this Purchase Contract. The payment Refunding Bonds shall be dated the date of delivery, and shall mature on June 15 in each of the years, in the principal of amounts, and pay interest at the rates shown in Appendix A. Interest on the Refunding Bonds will shall be enhanced by a municipal bond insurance policy (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 “Policy”) to terms and at the times shown in Appendix A.] The Refunding Bonds shall be issued simultaneously with in full book-entry form and otherwise be as described in the issuance preliminary Official Statement of the Refunding Bonds by District with respect thereto, dated [INSURERPOS Date] (the “InsurerPreliminary Official Statement”).] (d) Proceeds . One fully registered certificate for each maturity of the Refunding Bonds will be deposited prepared and delivered as described in an escrow fund established under Escrow AgreementSection 8 hereof, dated registered in the name of Cede & Co., as nominee of [ _] 1The Depository Trust Company, 2024 New York, NY (the “Escrow AgreementDTC”), and will be made available to the Underwriter for inspection at such place as may be mutually agreed to by the Underwriter and between 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 and shall cause such CUSIP identification numbers to be printed on the Escrow BankRefunding Bonds, relating but neither the failure to the Prior Bonds. (e) In order to assist print such number on any Refunding Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter with compliance with Rule 15c2-12 to accept delivery of and pay for the Securities and Exchange Commission under the Securities and Exchange Act of 1934, as amended (the “Rule”), the District will enter into the Continuing Disclosure Certificate, dated the date of Closing (the “Continuing Disclosure Certificate”). (f) This Purchase Agreement, the Resolution, the Escrow Agreement and the Continuing Disclosure Certificate are collectively referred to herein as the “District Documents.” (g) The Refunding Bonds shall be executed and delivered under and in accordance with the provisions terms of this Purchase Agreement and the ResolutionContract.

The Refunding Bonds. (a) The 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 shall be dated their date of deliveryBonds"). The Refunding Bonds of each series shall be issued in the aggregate principal amounts, shall bear interest at the ratesrates per annum and shall have the final maturities set forth below: Original Principal Interest Final Amount Rate Maturity Series [B/C] Bonds $ % ______ __, with Series [B/C] Bonds $ ______ __, The Series [B/C] ____ Bonds and the yield to maturity or redemption (as applicable), Series [B/C] Bonds shall be subject substantially in the forms of Exhibits A-1 and A-2 hereto, respectively. (b) Each Refunding Bond shall bear interest on the principal amount thereof from time to redemptiontime outstanding from the Issue Date designated thereon until paid in full at the rate of interest set forth therein, which interest shall be payable on _________ 2, 199_ and on each ____ 2 and ____ 2 thereafter to and including the final maturity date thereof, unless paid in full prior to such date as provided herein and in the Refunding Bond. (c) The original principal amount of each Refunding Bond shall mature be payable in installments on the dates and in the years all as amounts 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 Schedule 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.attached thereto, as nominee of The Depository Trust Company, New York, New York (“DTC”). (b) The Refunding Bonds shall otherwise such Schedule may be as described in and shall be issued and secured pursuant adjusted from time to the provisions of the resolution of the Board of Trustees of the District (the “Board of Trustees”) adopted on August 13, 2024 (the “Resolution”), which provides for the terms of the Refunding Bonds, this Purchase Agreement and Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the “Act”). The Refunding Bonds are being issued (i) to refund, on a current basis, [a portion of] the outstanding Marysville Joint Unified School District, Yuba County, California, 2014 General Obligation Refunding Bonds, maturing on August 1 in the years [2025 through 2033], inclusive (the “Prior Bonds”), and (ii) to pay costs of issuance of the Refunding Bonds. Capitalized terms used herein and not defined herein shall have the meanings set forth in the Resolution. (c) [The payment of principal of and interest on the Refunding Bonds will be enhanced by a municipal bond insurance policy (the “Policy”) to be issued simultaneously with the issuance of the Refunding Bonds by [INSURER] (the “Insurer”).] (d) Proceeds of the Refunding Bonds will be deposited in an escrow fund established under Escrow Agreement, dated as of [ _] 1, 2024 (the “Escrow Agreement”), by and between the District and the Escrow Bank, relating to the Prior Bonds. (e) In order to assist the Underwriter with compliance with Rule 15c2-12 of the Securities and Exchange Commission under the Securities and Exchange Act of 1934, as amended (the “Rule”), the District will enter into the Continuing Disclosure Certificate, dated the date of Closing (the “Continuing Disclosure Certificate”). (f) This Purchase Agreement, the Resolution, the Escrow Agreement and the Continuing Disclosure Certificate are collectively referred to herein as the “District Documents.” (g) The Refunding Bonds shall be executed and delivered under and time in accordance with the provisions of this Purchase Agreement the Indenture and of such Refunding Bond. Installments of principal of and premium, if any, and interest on each Refunding Bond shall be due and payable on the Resolutionpayment dates specified in Schedule 1 attached thereto. (d) Each Refunding Bond shall be subject to redemption as set forth in such Refunding Bond. There shall not be a Sinking Fund for the Refunding Bonds of either series.

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 and other applicable law, in accordance with Resolution No. [ ] of the Board of Education of the District, adopted on [June 25], 2019 (athe “Resolution”), and pursuant to the terms of that certain Paying Agent Agreement, dated as of [August 1, 2020] (the “Paying Agent Agreement”), to be entered into by and between the District and U.S. Bank National Association, 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 Resolution, the Paying Agent Agreement, and in Appendix A to this Purchase Contract. The Refunding Bonds shall be dated their the date of delivery, and shall mature on August 1 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 [February 1, 2021], and thereafter on February 1 and August 1 in each year until maturity. The Refunding Bonds shall be issued in the principal amounts, shall bear interest at the rates, with the yield to maturity or redemption (full book-entry form and otherwise be as applicable), shall be subject to redemption, and shall mature on the dates and described in the years all as set forth in Exhibit A heretopreliminary Official Statement of the District with respect thereto, which is incorporated herein by this referencedated [POS Date] (the “Preliminary Official Statement”). The One fully registered certificate for each maturity of the Refunding Bonds shall will be issued prepared and delivered as described 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 formSection 8 hereof, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York NY (“DTC”). (b) The Refunding Bonds shall otherwise , and will be as described in and shall be issued and secured pursuant made available to the provisions of Underwriters for inspection at such place as may be mutually agreed to by the resolution of Underwriters and the Board of Trustees of District, not less than one business day prior to the Settlement Date, as defined in Section 8 hereof. The Underwriters shall order CUSIP identification numbers and the District (the “Board of Trustees”) adopted shall cause such CUSIP identification numbers to be printed on August 13, 2024 (the “Resolution”), which provides for the terms of the Refunding Bonds, this Purchase Agreement and Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of but neither the California Government Code (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 “Act”). The Refunding Bonds are being issued (i) Underwriters to refund, on a current basis, [a portion of] the outstanding Marysville Joint Unified School District, Yuba County, California, 2014 General Obligation Refunding Bonds, maturing on August 1 in the years [2025 through 2033], inclusive (the “Prior Bonds”), and (ii) to pay costs of issuance of the Refunding Bonds. Capitalized terms used herein and not defined herein shall have the meanings set forth in the Resolution. (c) [The payment of principal accept delivery of and interest on pay for the Refunding Bonds will be enhanced by a municipal bond insurance policy (the “Policy”) to be issued simultaneously with the issuance of the Refunding Bonds by [INSURER] (the “Insurer”).] (d) Proceeds of the Refunding Bonds will be deposited in an escrow fund established under Escrow Agreement, dated as of [ _] 1, 2024 (the “Escrow Agreement”), by and between the District and the Escrow Bank, relating to the Prior Bonds. (e) In order to assist the Underwriter with compliance with Rule 15c2-12 of the Securities and Exchange Commission under the Securities and Exchange Act of 1934, as amended (the “Rule”), the District will enter into the Continuing Disclosure Certificate, dated the date of Closing (the “Continuing Disclosure Certificate”). (f) This Purchase Agreement, the Resolution, the Escrow Agreement and the Continuing Disclosure Certificate are collectively referred to herein as the “District Documents.” (g) The Refunding Bonds shall be executed and delivered under and in accordance with the provisions terms of this Purchase Agreement and the ResolutionContract.