Common Contracts
1 similar Bond Purchase Agreement contracts
5,800,000 LEASE REVENUE REFUNDING BOND, SERIES 2022Bond Purchase Agreement • March 25th, 2022 • Virginia
Webster Bank, National Association (the “Lender”), hereby agrees to enter into this Bond Purchase Agreement (the “Agreement”) with the Economic Development Authority of Carroll County, Virginia (the “Authority”) and the County of Carroll, Virginia (the “County”) for a loan to the Authority for the benefit of the County evidenced by the purchase by the Lender and sale by the Authority of its $5,800,000 Lease Revenue Refunding Bond, Series 2022 (the “Bond”), dated as of April , 2022, such Bond maturing in the years and amounts, with principal amortizing, subject to optional redemption, and bearing interest at the rates as set forth in the form of the Bond attached as Exhibit A. The Bond will be “tax-exempt” for purposes of Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”).
