Refunding Portion definition

Refunding Portion means that portion of a Multipurpose Issue the Proceeds of which are, or are to be, used to pay Debt Service on Refunded Bonds and includes Issuance Costs, Pre-Issuance Accrued Interest or permitted capitalized interest, a reasonably required reserve or replacement fund and similar costs properly allocable to the Refunding Portion.

Refunding Portion means the sale proceeds of the Certificates properly allocable to the refunding of the Refunded Obligations and related common costs of the Certificates.

Refunding Portion means the portion of 2020 Bonds or such other series or a portion of a series and the proceeds thereof allocable to the refunding of the Refunded Bonds determined by the Chairman or the Executive Director pursuant to Section 304 hereof.

Examples of Refunding Portion in a sentence

• The Tax-Exempt Obligations taken into account for this purpose exclude any Private Activity Bonds and any Current Refunding Portion and Current Refunding Issue to the extent that the amount of such Current Refunding Portion or Current Refunding Issue does not exceed the outstanding amount of the obligations refunded by such Current Refunding Portion or Current Refunding Issue.

• Thus, the Refunding Portion is eligible to use only the 6-Month Spending Exception.

• If the Issue is a Multipurpose Issue, the Refunding Portion and the New Money Portion are treated for purposes of the rebate Spending Exceptions as separate issues.

• The tax levies shall be irrepealable so long as any of the Refunding Portion of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61, Subdivision 3.

• The amount of any surplus remaining in the Refunding Debt Service Subaccount when the Refunding Portion of the Bonds and interest thereon are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4.

More Definitions of Refunding Portion

Refunding Portion means the sale proceeds of the Bonds identified in Section 3.6, together with the remaining Gross Proceeds of the Bonds properly allocable to the refunding of the Refunded Bonds.

Refunding Portion has the meaning assigned thereto in Section 2.1 hereof. “Refunding Project” has the meaning assigned thereto in Section 2.1 hereof.

Refunding Portion means (i) the portion of 2016 Series Three and Four Bonds and the proceeds thereof allocable to the refunding of the Refunded Bonds; and (ii) if so determined by the Chairman or the Executive Director pursuant to Section 304 hereof, the portion, if any, of 2016 Series Three and Four Bonds that are issued as Reserve Obligations.

Refunding Portion means that portion of a Multipurpose Issue the Proceeds of which are, or are to be, used to pay Debt Service on Refunded Bonds and includes Issuance Costs, Pre Issuance Accrued Interest or permitted capitalized interest, a reasonably required reserve or replacement fund and similar costs properly allocable to the Refunding Portion.

Refunding Portion means that portion of the Series 2013 Bonds that is providing financing to refund the Refunded Bonds and which will not be secured by or payable from the Revenues of the Sales Tax.

Refunding Portion means that portion of the principal amount of the Bonds so designated in

Refunding Portion means the 2016 Series One Bonds and the proceeds thereof allocable to the Loan to the City of Seward and to the refunding of a portion of the outstanding 2008 Series One Bonds and a portion of the outstanding 2008 Series Two Bonds.