Authority Notes definition
Examples of Authority Notes in a sentence
Notwithstanding anything to the contrary contained herein or in any series of notes or in any other document mentioned herein or related to the Notes or to any Series of Authority Notes to which the Notes are assigned, neither the County nor the District shall have any liability hereunder or by reason hereof or in connection herewith or with the transactions contemplated hereby except to the extent payable from moneys available therefor as set forth in Section 11 of the Resolution of the District.
The fees, costs and expenses that are categorized in the “Costs of Issuance” definition in the Indenture shall be paid from the applicable account in the Costs of Issuance Fund applicable to the Series of Authority Notes corresponding to the Note.
The first Interest Rate Period for the Authority Notes shall be an Index Interest Rate Period.
In such event, the Authority Notes of such Series will be transferable in accordance with subsection (f) of this Section 2.10.
Housing Authority Notes PD + 3 CH Fixed Rate Physical Bonds PD CH Foreign Securities Upon collection and conversion to US$ CH Interest Bearing CDs and Deposit Notes PD*** CH Money Market Preferreds PD + 1 FF Pass-through Mortgages PD + 3 CH Physical Equities PD CH PTC GNMAs (P&I) PD FF Physical GNMAs (P&I) PD + 2 FF Physical U.S. Agencies PD + 2 FF Private Placements When received by BTCo. CH / FF* Small Business Admin.
Furthermore, to the extent that the Borrower has made the required payments to the Bank during any Bank Direct Payment Period, the Trustee shall have no obligations to make payments of the principal of or interest on the Authority Notes, to act as registrar or to take any other action in respect thereof, except at the express written direction of the Bank.
To the extent the Trustee has not received any instruction with respect to the investment of funds in a Payment Account attributable to the Series A Authority Notes or a Proceeds Account attributable to the Series A Authority Notes, such amounts shall be invested by the Trustee in a money market fund offered by the Trustee or any of its affiliates meeting the requirements set forth in clause (4) of the definition of Permitted Investments herein.
If such Approving Opinion is given by Note Counsel other than ▇▇▇▇▇▇ Pepper PLLC, it is suggested that such successor Note Counsel also render an opinion that interest on the Authority Notes is Tax-Exempt and will remain so after the action in question.
The aggregate principal amount of Additional Authority Notes which may be issued under this Indenture shall be limited as provided in such Supplemental Indenture.
Upon initial delivery of the Authority Notes, they shall be in physical form held by each Holder, and not subject to the Book-Entry System.