Examples of PUF Bonds in a sentence
ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE: 1100 North Market Street Wilmington, DE 19890 ITEM 2(C).
Distributions must be at least equal to the amount needed to pay debt service on PUF Bonds; 2.
Pending the expenditure of moneys in the PUF Bonds Construction Fund, moneys deposited therein or credited thereto may be invested at the direction of an Authorized Representative in the manner prescribed by law and in accordance with the written policies adopted by the Board.
Distributions may not exceed 7% of the average net fair market value of PUF investments in any fiscal year, except as necessary to pay debt service on PUF Bonds.
Any income received from investments in the PUF Bonds Construction Fund shall be retained in the PUF Bonds Construction Fund.
The Board has previously established and hereby reaffirms and reestablishes a separate account designated as the “Board of Regents of The University of Texas System PUF Bonds Construction Fund” (the “PUF Bonds Construction Fund”).
Moneys on deposit or to be deposited in the PUF Bonds Construction Fund shall remain therein until from time to time expended for the Project Costs, and shall not be used for any other purposes whatsoever, except as otherwise provided below.
Distributions may not increase from the preceding year (except as necessary to pay debt service on PUF Bonds) unless the purchasing power of PUF Investments for any rolling 10-year period has been preserved; 3.
The mechanism of the Covered Card “the Card” is based on Sukuk Murabaha where a National Bonds Sukuk holder agrees and submits application for Cover Card.
After provision has been made for the payment of the principal of and interest on the PUF Bonds, the balance of the Interest of the System in the Available University Fund each year shall be made available to the Board in the manner provided by law and by regulations of the Board to be used by the Board as it lawfully may direct.