Common Contracts
1 similar null contracts
Description of Principal Bond-Related DocumentsJune 1st, 2012
Fiscal Agent Agreement: This is the contract with the owners of the bonds. It specifies the terms and relevant features of the bonds (e.g., principal maturities, interest rates, redemption provisions, how payments are made, etc.); it establishes the funds and accounts to be maintained by the City and the fiscal agent; it establishes the pledge to repay the bonds and limits the security for the payment of interest on and principal of the bonds, it establishes certain covenants of the City (e.g., to pay interest and principal timely, to keep proper books and records, to comply with all local, state and federal laws relating to the bonds, to provide continuing disclosure related to the bonds, etc.); it specifies how monies are to be invested and how interest earnings are to be applied; it establishes to duties of the fiscal agent; it specifies the conditions under which amendments to the fiscal agent agreement may be made; and it addresses other miscellaneous matters necessary for the sal
