Examples of Advance Certificate in a sentence
Interest will accrue on each Advance from the applicable Advance Date, which shall be (i) with respect to the Initial Advance, the Closing Date, and (ii) with respect to each Additional Advance, the Advance Date set forth in the Advance Certificate for the related Subseries.
From time to time thereafter, the Underwriter shall, upon delivery by the Borrower to the Trustee and the Bondholder Representative, at least 45 days prior to the Advance Date, of an Advance Certificate, in substantially the form set forth as Exhibit C, make Additional Advances of Series 2024A Bond principal, as further described below in this Section (b), which amounts shall be deposited as set forth in the related Advance Certificate.
The Initial Advance with respect to the Series 2024A Bonds by the Underwriter and each Additional Advance with respect to the Series 2024A Bonds shall constitute proceeds of the Series 2024A Bonds, and the purchase price of each Advance (net of original issue discount) shall constitute the full purchase price of the corresponding principal amount of the Series 2024A Bonds noted on the Advance Certificate.
The interest rate for each Subsequent Subseries of Series 2024A Bonds shall be determined two Business Days prior to the Advance Date (as defined in and as set forth in the related Advance Certificate), calculated as set forth below in this Section (b).
The proceeds of each Advance related to the Series 2024 Bonds will be deposited in the funds and accounts relating to the Bonds in accordance with Section 3.1 of this First Amendment (and in accordance with the related Advance Certificate described under the Indenture) and shall be held and applied in accordance with the Indenture.