Examples of Bonds to be Refunded in a sentence
The Refunding Bonds shall mature not later than the maximum period of probable usefulness (“PPU”) permitted by law at the time of original issuance of the Bonds to be Refunded, as set forth in Exhibit B annexed hereto and hereby made a part hereof, for the object(s) or purpose(s) financed with the proceeds of the Bonds to be Refunded, commencing at the date of issuance of the first bond or bond anticipation note issued in anticipation of the sale of such bonds.
The Escrow Holder is hereby authorized and directed to cause a notice of such call for redemption to be given in the name of the Village by mailing such notice at least thirty (30) days but not more than sixty (60) days prior to such Redemption Date, and in accordance with the terms appearing in the Bonds to be Refunded, to the registered holders of the Bonds To Be Refunded which are to be called in and redeemed.
The Defeased Series Bond Escrow Agent shall have no liability for the payment of the principal and redemption premium of and the interest on the Series Bonds to be Refunded pursuant to this Section 5 and the Series Bond Resolution, including, without limitation, any deficiencies in the amount of moneys available therefor, except for the application of moneys and obligations available for such purposes in the Defeased Series Bond Escrow Fund.
The Refunding Bonds shall mature not later than the maximum period of probable usefulness (“PPU”) permitted by law at the time of original issuance of the Bonds to be Refunded, as set forth in Exhibit B annexed hereto and hereby made a part hereof, for the objects or purposes financed with the proceeds of the Bonds to be Refunded, commencing at the date of issuance of the first bond or bond anticipation note issued in anticipation of the sale of such bonds.
Upon the issuance by the I-Bank of its Bonds to be Refunded, each Applicable Refunding Program Borrower was required to deliver to the I-Bank a valid Refunding Program Borrower I-Bank Loan Bond evidencing and securing the repayment obligation of such Refunding Program Borrower with respect to its Refunding Program I-Bank Loan.