Refunding Plan definition

Refunding Plan means, with respect to the issuance of any Series of Bonds, the refunding of the Refunded Bonds through the issuance of such Series in the manner determined by the Designated Representative pursuant to this resolution and more particularly described in the applicable Bond Purchase Agreement, and/or separate certificate approved and executed by the Designated Representative, and Refunding Trust Agreement.

Refunding Plan means the plan adopted by an ordinance of a public body to issue refunding bonds and redeem the bonds to be refunded.

Refunding Plan means the plan to refund the Refunded Bonds and pay

Examples of Refunding Plan in a sentence

• The Refunding Trustee is authorized and directed to purchase the Acquired Obligations (or substitute obligations), if so directed by the Designated Representative, and to make the payments required to be made by the Refunding Plan from the Acquired Obligations (or substitute obligations) and money deposited with the Refunding Trustee pursuant to this ordinance.

• If payment of the costs of issuance of the Bonds is not included in the Refunding Plan, the Bond proceeds that are not deposited with the Refunding Trustee will be deposited with the City to be used to pay the costs of issuance of the Bonds.

• The Refunding Trustee is authorized and directed to hold uninvested cash and/or purchase and hold the Acquired Obligations (or Substitute Obligations) and to make the payments required to be made pursuant to each Refunding Plan pursuant to this resolution and the particular Refunding Plan.

• Any proceeds of such Series of Bonds or other money deposited with the Refunding Trustee not needed to carry out and accomplish the Refunding Plan pertaining to such Series of Bonds shall be returned to the District, as soon as reasonably practicable following the delivery of a Series of Bonds to the Purchaser, and deposited in the Debt Service Fund to pay interest on the Bonds of such Series on their first interest payment date.

• To the extent practicable, such obligations shall be discharged fully by the Refunding Trustee’s simultaneous purchase of the Acquired Obligations, bearing such interest and maturing as to principal and interest in such amounts and at such times so as to provide, together with a beginning cash balance, if necessary, for the payment of the amount required to be paid by the Refunding Plan.

More Definitions of Refunding Plan

Refunding Plan means the plan adopted by an ordi- nance of a public body to issue refunding bonds and redeem the bonds to be refunded.

Refunding Plan means the refunding plan for the Refunded Bonds, as set forth in

Refunding Plan means the following plan for the refunding of the Refundable Bonds, as it may be further detailed in the Refunding Trust Agreement: The deposit with the Refunding Trustee of proceeds of the City Contribution, together with those proceeds of sale of the Bonds allocated to the Refunding Plan, in an amount sufficient to acquire the Acquired Obligations and establish a beginning cash balance; The purchase by the Refunding Trustee of the maturing principal of and interest on the Acquired Obligations and the application of such amounts, together with any other cash balance held by it on the Redemption Date, to the call payment and redemption of the Refundable Bonds at a price equal to 100% of the principal amount to be redeemed plus accrued interest to that date; and At the direction of the City’s Designated Representative, the payment of the costs of issuing the Bonds and the costs of carrying out the foregoing elements of the Refunding Plan.

Refunding Plan means((, with respect to the issuance of each series))

Refunding Plan means the plan adopted by an ordi-

Refunding Plan means, for any series of Bonds:

Refunding Plan means the plan approved in accordance with Section 12 to issue a Series of the Bonds, and to apply the proceeds of the sale of such Series and any other available money included in the plan, to redeem or defease those Refundable Bonds identified in the plan.