Refunded Note definition

Refunded Note means the Issuer's Outstanding Infrastructure Sales Surtax Refunding Revenue Note, Series 2015.
Sample 1
Refunded Note means all or a portion of the Issuer's outstanding Capital Improvement Refunding Revenue Note, Series 2010; provided, if only a portion of the Capital Improvement Refunding Revenue Note, Series 2010 is retired, the Issuer and the Owner of the Refunded Note shall agree in writing on the principal amounts which will remain outstanding on such Refunded Note and the respective principal payment dates.
Sample 1
Refunded Note means the City's Hurricane Recovery Revenue Note, Series 2018.
Sample 1

Examples of Refunded Note in a sentence

  • The 2014 Refunded Note Paying Agent, in the name, place and stead of the Township, shall mail, with respect to the 2014 Refunded Note, a notice of redemption as required by the terms of the 2014 Refunded Note and the resolution authorizing the issuance and delivery of the 2014 Refunded Note.

  • Upon receipt of such proceeds and until applied to the redemption and payment of the 2014 Refunded Note, the 2014 Refunded Note Paying Agent, to the extent that it is deemed necessary or advisable, is authorized and directed to invest the same in accordance with the written instructions of the Township.

  • On the 2014 Refunded Note Redemption Date, the 2014 Refunded Note Paying Agent is irrevocably authorized and directed to pay from the 2014 Refunded Note Sinking Fund the principal or redemption price of, and interest due on, the 2014 Refunded Note and to transfer any balance remaining in the 2014 Refunded Note Sinking Fund not required for such redemption and payment to the Paying Agent for deposit in the Sinking Fund established hereunder for application to the payment of interest due on the Bonds.

  • The refunding of the 2014 Refunded Note and the refunding of the 2018 Refunded Bonds are being undertaken by the School District for the purpose of reducing total debt service over the life of the 2014 Refunded Note and 2018 Refunded Bonds, respectively, in compliance with Section 8241(b)(1) of the Act.

  • The Township hereby states that the Bonds are scheduled to mature in accordance with the limitations set forth in Section 8142 of the Act, taking into account the estimated useful life of the projects financed by the 2014 Refunded Note and the 2018 Refunded Bonds.

  • The last maturity of the Bonds applicable to the refunding of the 2020 Note does not extend beyond the useful lives of the capital projects and capital equipment funded or refunded with the proceeds of the 2020 Refunded Note.

  • In accordance with Section 6.4 of the 2005 Resolution, upon the establishment and funding of the Escrow Account pursuant to this Section 4.01, the Refunded Note shall no longer be considered outstanding for purposes of Montana Code Annotated, Section 7-7-4201 or any other debt limitation.

  • The Borrower covenants that the proceeds of the Bonds will be used only for the refunding of the Refunded Note, to make a termination payment in connection with the cancellation of a hedging agreement associated with the Refunded Note, and to pay costs of issuance of the Bonds.

  • For purposes of this Ordinance and the undertaking of the Project, the Township intends that the portion of the Note which is allocable to the refunding of the 2015 Refunded Note be treated as a “qualified tax exempt obligation” for purposes of Section 265(b)(3)(B) of the Code by reason of being “deemed designated” under Section 265(b)(3)(D)(ii) of the Code.

  • The Township gives and grants the Refunded Note Paying Agent full authority to do and perform all and every act and thing whatsoever requisite and necessary to effectuate said purposes as the Township might do on its own behalf, and hereby ratifies and confirms all that said agent shall do or cause to be done by virtue thereof.


More Definitions of Refunded Note

Refunded Note means the Electric Utility Revenue Note, Series 2018 of the City.
Sample 1
Refunded Note means the City of Port Orange, Florida Tax-Exempt Revenue Note, Series 2010 (Xxxxxx College Project)
Sample 1
Refunded Note means the Town’s Promissory Note, Series 2018 (Energy Efficiency Improvements), initially issued in the principal amount of $300,000 and currently outstanding in the principal amount of $270,000.
Sample 1

Related to Refunded Note

  • Refunded Notes means that portion of the Series 298 Notes and Series 300 Notes paid from the proceeds of the Bonds and other available funds of the Issuer.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Undefeased Note shall have the meaning set forth in Section 2.4.1(a)(v) hereof.

  • Defeased Note shall have the meaning set forth in Section 2.4.1(a)(v) hereof.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • RMB Note means a Note denominated in Renminbi.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Scheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses Iy(i) and Iy(iv) of the definition of Class A Non-PO Optimal Principal Amount, but without such amount being multiplied by the Class A Percentage.

  • Unscheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan, other than a Liquidated Loan, with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses y(ii) and y(iii) of the definition of Class A Non-PO Optimal Principal Amount, but without such amounts being multiplied by the Class A Prepayment Percentage.

  • Subordinated Optimal Principal Amount With respect to each Mortgage Pool and each Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Class Certificate Balances of the Subordinated Certificates immediately prior to such Distribution Date):

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Legended Note means Registered Notes in definitive form that are issued to Institutional Accredited Investors and Registered Notes (whether in definitive form or represented by a Registered Global Note) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Refunded Bonds means the portion of the $280,000 of the Series J Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2.

  • Accelerated Principal Amount for a Distribution Date will equal the lesser of

  • New Note shall have the meaning assigned to such term in Section 38.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Class P Principal Amount As of the Closing Date, $100.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Swing Note is defined in Section 1.11 hereof.