Examples of Series 1992 Bonds in a sentence
Defeasance of Series 1991 Bonds and a Portion of Series 1992 Bonds as of May 27, 2004 Pursuant to an Escrow Deposit Agreement with The Bank of New York, as escrow deposit agent (the “1991/1992 Escrow Deposit Agent”), the MDTA provided for the payment of amounts for the defeasance of all of the outstanding Series 1991 Bonds and the Series 1992 Bonds maturing on July 1, 2013 and July 1, 2015.
The Issuer issued the Series 1992 Bonds pursuant to the Original Indenture as amended and supplemented by the Second Supplemental Indenture of Trust dated as of December 15, 1992 between the Issuer and the Trustee (the “Second Supplemental Indenture”).
The Series 1992 Bonds were defeased and $10,600,000 remained outstanding at June 30, 2012.
The increase in 2011 was due to the release of $41.4 million previously restricted as Debt service reserve for the Series 1992 Bonds that matured on October 1, 2010.
On June 15, 1998, the District issued $16,550,000 in Series 1998 Revenue Financing System Refunding Bonds (“Series 1998 Bonds”) to advance refund $15,140,000 of outstanding Series 1992 Bonds.