Examples of Refunding Escrow Agreement in a sentence
Vetsch moved to approve the Advance Refunding Escrow Agreement, seconded by Daleiden.
As a result of the deposit of monies specified by the Refunding Escrow Agreement, the bonds identified in this Notice of Listed Material Event are defeased.
The form of the Refunding Escrow Agreement presented to this meeting and attached hereto as Exhibit B is hereby in all respects approved and the Mayor is hereby authorized and directed to execute and deliver same on behalf of the Municipality in substantially the form thereof presented to this meeting, or with such changes as may be approved by the Mayor, the execution thereof to constitute conclusive evidence of the Mayor’s approval of all such changes.
The Refunding Escrow Agent is hereby authorized and directed to hold and administer all funds deposited in trust for the payment when due of principal of, premium, if any, and interest on the Refunded Bonds and to exercise such duties as set forth in the Refunding Escrow Agreement.
For bonds defeased to their respective redemption date, the Refunding Escrow Agreement requires the Escrow Agent to cause a notice of redemption for each series of bonds to be published or mailed (in the manner required by the Refunding Escrow Agreement) prior to the respective redemption date.