Bond Anticipation Note definition

Bond Anticipation Note means any note authorized to be issued under a resolution adopted pursuant to the Second Resolution.

Bond Anticipation Note means a note issued in anticipation of the receipt of the proceeds of the sale of the bonds authorized under Part 1, 2001 Highway General Obligation Bonds.

Bond Anticipation Note means a note issued by a municipality in anticipation of the receipt of the proceeds of a project loan obligation or a grant account loan obligation.

Examples of Bond Anticipation Note in a sentence

• It shall not be necessary for the County to repeat the procedures for the issuance of its Bonds, as the procedures followed before the issuance ofthe BAN or BANs are for all purposes sufficient to authorize the issuance of the Bonds and the use of the proceeds to repay the BAN or BANs. The Board of Commissioners of the County and the Auditor are hereby authorized and directed to execute a Bond Anticipation Note Agreement in such form or substance as they shall approve acting upon the advice of counsel.

• The partial payback option was approved by County Council and a Bond Anticipation Note (BAN) was sold by the County in the amount of $125,000,000 in February 2020.

• Armand is hereby authorized to sell such Bond Anticipation Note at private sale at not less than par and accrued interest at a rate not exceeding the rate above specified and the Supervisor is authorized to deliver said Bond Anticipation Note to the purchase upon payment of the purchase price and accrued interest as above specified.

• Said Bond Anticipation Note shall be such terms, form and content as may be prescribed by the Supervisor and the power to so prescribe the same is hereby delegated to the Supervisor.

• Bond Anticipation Note (BAN) – Short-term debt instrument used to generate cash for initial project costs and with the expectation that the debt will be replaced later by permanent bonding.

More Definitions of Bond Anticipation Note

Bond Anticipation Note means a note issued in anticipation of the receipt of the

Bond Anticipation Note means a note issued in anticipation of the receipt of the proceeds of the sale of the bonds authorized under Part 2 of this chapter.

Bond Anticipation Note means any note authorized to be issued under a resolution adopted pursuant to Section 208 hereof.

Bond Anticipation Note or “BAN” means a note issued in anticipation of a later issuance of Bonds and usually paid from the proceeds of the sale of the Bonds or renewal Notes.

Bond Anticipation Note means a note issued by a municipality under the provisions of 7-7-109, MCA, in anticipation of the issuance of long-term indebtedness for a project.

Bond Anticipation Note means any Note or other obligation issued under the BAN Act or the Enabling Act in anticipation of the issuance of Bonds.

Bond Anticipation Note or “Bond Anticipation Notes” shall mean debt issued to fund Costs of Acquisition and Construction on a temporary basis, the payment of which shall be pledged initially from the issuance of Bonds and secondarily from revenues of the County.