Local School Bond definition

Local School Bond means the general obligation school bond of a Locality having the terms and provisions required by the Bond Sale Agreement. "Locality" or "Localities" shall have the meaning accorded to such term by the first paragraph of this Proceeds Agreement.
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Local School Bond means general obligation school bond of a Locality having the terms and provisions required by the Bond Sale Agreement and shall have the same meaning as the term "2011-2 Local School Bond" under the Indenture.
Sample 1

Examples of Local School Bond in a sentence

  • Each Locality hereby covenants and represents that neither the Locality nor any related party, as defined in Section 1.150-1(b) of the Treasury Regulations, to such Locality, pursuant to any arrangement, formal or informal, will purchase the VPSA Bonds in an amount related to the amount of the Local School Bond to be acquired from such Locality by VPSA.

  • Each Locality agrees not to charge its general fund or otherwise set aside or earmark funds with which to pay debt service on its Local School Bond (other than as a budget item) prior to the date of payment thereof to VPSA.

  • Although the Local School Bond of a Locality may qualify for the Small Issuer Exception, custody, investment and disbursement of the proceeds of the VPSA Bonds applied to the purchase of the Locality's Local School Bond shall continue under the Proceeds Agreement, and the Investment Manager shall continue to provide an Investment Report for such Locality.

  • With respect to all Nonpurpose Investments acquired during the term of this Letter Agreement with Gross Proceeds of each Local School Bond issue, the Investment Manager shall maintain separate Investment Reports for each Local School Bond issue.

  • Notwithstanding the fact that all of the Gross Proceeds of the Local School Bond are spent within six (6) months of the date of issue and no other Gross Proceeds of the Local School Bond are anticipated for the remainder of the term of the issue, if Gross Proceeds of the Local School Bond become available after the end of the initial six-month period, the Locality Rebate Requirement shall be computed with respect to such Gross Proceeds in accordance with the procedure described above.

  • The Local Issuer's obligations under this Disclosure Agreement shall terminate upon the earlier to occur of the legal defeasance or final retirement of the Local School Bond.

  • Notwithstanding the fact that all of the Gross Proceeds of the Local School Bond are spent within eighteen (18) months of the date of issue and no other Gross Proceeds of the Local School Bond are anticipated for the remainder of the term of the issue, if Gross Proceeds of the Local School Bond become available after the end of the initial eighteen-month period, the Locality Rebate Requirement shall be computed with respect to such Gross Proceeds in accordance with the procedure described above.

  • On or before [April 3], 2025, VPSA and each of the Localities entered into a Bond Sale Agreement, pursuant to which each Locality agreed to sell and VPSA agreed to purchase each Local School Bond.

  • Notwithstanding the fact that all of the Gross Proceeds of the Local School Bond are spent within twenty-four (24) months of the date of issue and no other Gross Proceeds of the Local School Bond are anticipated for the remainder of the term of the issue, if Gross Proceeds of the Local School Bond become available after the end of the initial twenty-four-month period, the Locality Rebate Requirement shall be computed with respect to such Gross Proceeds in accordance with the procedure described above.

Related to Local School Bond

  • School Bonds means School Obligations issued as Bonds.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Bail bond means a bond for a specified monetary amount executed by the defendant or principal and a qualified licensee which is issued to a court, magistrate, or authorized officer as security for the subsequent appearance of the defendant upon his release from actual custody pending the appearance;

  • Initial Bond Issue means the issuance of the Initial Bonds. "Initial Bonds" means the Bonds issued on the First Issue Date.

  • High school means grades 9 through 12.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Placement Agency Agreement means the Placement Agency Agreement by and between the Company and the Placement Agent dated the date hereof.

  • Private school means a school regulated under chapter 28A.195 or 28A.205 RCW.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.