Examples of Refunding Candidates in a sentence
As outlined in Section 2 and Section 9 of this series resolution, the Refunding Candidates may be called for redemption prior to their scheduled maturities.
The terms defined in this Section 1 shall, for all purposes of this resolution (including the recitals) and of any resolution supplemental hereto, have the following meanings: Acquired Obligations means the Government Obligations acquired by the University under the terms of this resolution and an Escrow Agreement to effect the defeasance and refunding of one or more of the Refunding Candidates.
SeriesCallable Par/ MaturitiesRange of Interest Rates Refunding Candidates – TaxableThere are no taxable refunding candidates at this time.5 Below are the refunding guidelines previously accepted by the Board: Time Between Call Date and Issuance of Refunding BondsTraditional Financing Products Minimum PV % SavingsNon-Traditional Financing Products Minimum PV % Savings 4 The Series 2012B and Series 2013C Bonds are Non-AMT.
A portion of the costs of the Projects are expected to be paid, refinanced or reimbursed with the proceeds of the Project Bonds.The Refunding Candidates may be defeased or are callable in whole or in part prior to their scheduled maturities and may be selected for defeasance and/or refunding depending on market conditions.
The Executive Director may select some or all of the Refunding Candidates and designate those Refunding Candidates as the “Refunded Bonds” in the Bond Purchase Contract if and to the extent that the criteria set forth in subsection (b) are met.