City Bond Resolution definition
Examples of City Bond Resolution in a sentence
If the City directs the Bank to redeem Bonds pursuant to the City Bond Resolution, the Bank has agreed under the Indenture to accept redemption and redeem Bonds in the following instances: Prior to May 1, 20 , the Series 2022 Bonds are not subject to optional redemption.
If the City directs the Bank to redeem the Series 2023 Bonds in accordance with the City Bond Resolution, the Bank has agreed under the Indenture to accept redemption and to redeem the Series 2023 Bonds in accordance with the Indenture.
Pursuant to the Indenture, the City Bond Resolution and this Placement Agreement, the Bank and the City hereby appoint the Placement Agent as exclusive placement agent with respect to the Series 2022 Bonds, and the Placement Agent hereby accepts such appointment, with such duties as described herein, in the Indenture and in the City Bond Resolution.
The City Bond has been sold to the Bank by the City pursuant to a resolution of the City adopted by the Mayor and City Council of the City (the "Governing Body") on September 5, 2023, authorizing the sale and issuance of the City Bond and approving the sale and issuance of the Series 2023 Bonds (the "City Bond Resolution" and collectively with the Bank Resolution, the "Bond Resolutions"), and a City Bond Purchase Agreement between the City and the Bank (the "City Bond Purchase Agreement").
All capitalized terms used herein and not otherwise herein defined shall have the meanings ascribed to them in the Indenture and the City Bond Resolution.