Examples of PRIFA BANs in a sentence
Unless the then-current information has previously been provided to the Oversight Board, within five (5) Business Days after the date hereof, each Initial PSA Creditor shall provide the Oversight Board, in writing, the Face Amount and CUSIP numbers for each of the GO Bonds, PBA Bonds, and PRIFA BANs, if any, such Party owns or has due investment management responsibility and authority for funds or accounts which own such GO Bonds, PBA Bonds, or PRIFA BANs, as the case may be.
In addition, within five (5) Business Days of a request of the Oversight Board, which request shall be made no more frequently than monthly from and after the date hereof, each PSA Creditor shall provide the Oversight Board, in writing, the Face Amount and CUSIP numbers for each of the GO Bonds, PBA Bonds and PRIFA BANs, if any, such Party then owns or has due investment management responsibility and authority for funds or accounts which own such GO Bonds, PBA Bonds, or PRIFA BANs, as the case may be.
Oversight Board and PRIFA, providing for the resolution of claims against the Commonwealth and PRIFA associated with the PRIFA BANs, including, without limitation, the escrow of Twelve Million Six Hundred Fifty-Seven Thousand Five Hundred Eight Dollars and Eighty-One Cents ($12,657,508.81) by PRIFA for the payment on account of the PRIFA BANs.
The principal terms of the treatment of GO Bonds and claims against the Commonwealth on account of the Commonwealth’s guarantee of (a) bonds issued by PBA, and (b) the PRIFA BANs incorporated into the Plan include the following:63 Total GO/PBA Consideration Provided in Plan of Adjustment: $14.438 billion.
PRIFA BANs: Collectively, the PRIFA Bond Anticipation Notes, Series2015, issued pursuant to that certain Trust Agreement dated March 2015, between PRIFA and the PRIFA BANs Trustee.
When the PRIFA BANs Stipulation was executed, the PRIFA BANs bondholders were preparing to reply to the United States government’s motion to dismiss.
PRIFA BANs Litigation: The litigation styled The Financial Oversightand Management Board for Puerto Rico v.
According to the PRIFA BANs Holders, the United States government, 28 Puerto Rico BAN (VL) LLC, et al.
Invalidity Actions: Collectively, the adversary proceedings challengingthe validity of certain GO Bonds, PBA Bonds, and PRIFA BANs listed on Exhibit “C” hereto.
Disputes arose in the Commonwealth’s Title III case regarding the PRIFA BANs. First, certain holders of PRIFA BANs (the “PRIFA BANsHolders”) filed a complaint in the U.S. Court of Federal Claims asserting a claim against the United States government for alleged violations of the Takings Clause28 (the “PRIFA BANsTakings Litigation”).