Examples of Series 1994A Bonds in a sentence
The Series 1994A Bonds maturing in the year 2024 are not subject to optional redemption prior to their stated maturity.
The notional amount of the Swap is $227.9 million and was issued to assure lower interest rates on $219.5 million of Series 1994A Bonds.
Investment Securities will be deposited with the Prior Trustee upon the issuance and delivery of the Series 2010A Bonds and will be held in trust for the payment of such principal and redemption premium of and interest on, the Refunded Series 1994A Bonds.
The Investment Securities will bear interest at such rates and will mature at such times and in such amounts so that, together with any uninvested cash held by the Prior Trustee, sufficient moneys will be available to make full and timely payment of the principal and redemption premium if, and interest on, the Refunded Series 1994A Bonds on their redemption date, which is expected to be no later than 60 days following the date of issuance of the Series 2010A Bonds.
The Authority continues to pay interest to the bondholders at the variable rate provided by the Bonds, and during the term of the swap agreement, the Authority pays the difference between the fixed rate on the Swaps and 72% of LIBOR.On January 6, 2004, the Authority completed a synthetic advance refunding of a portion of the Series 1994A Bonds through a forward starting fixed interest rate Swap agreement.
If at any time the Issuer, the Credit Enhancer and the Borrower shall request the consent of the Trustee to any such proposed amendment, change or modification to such documents, the Trustee shall cause notice of such proposed amendment, change or modification to such documents to be given in the same manner as provided by Section 1002 hereof with respect to Supplemental Indentures and the corresponding supplemental indentures with respect to the Series 1994A Bonds.
Such notice shall briefly set forth the nature of the proposed Supplemental Indenture and shall state that copies thereof are on file at the Principal Office of the Trustee for inspection by all Bondowners and owners of the Series 1994A Bonds and a copy of such proposed supplemental Indenture shall be mailed with such notice t6 the Credit Enhancer.
Further, no change from a Weekly Mode to any other Interest Mode may occur unless a corresponding change in Interest Mode with respect to the Series 1994A Bonds occurs on the same date.
If at any time the Issuer shall request the Trustee to enter into any such Supplemental Indenture for any of the purposes of this Section, the Trustee shall cause notice of the proposed execution of such Supplemental Indenture to be mailed to each Bondowner, each owner of the Series 1994A Bonds and the Credit Enhancer (and a copy of such proposed Supplemental Indenture shall be mailed with such notice to the Credit Enhancer.
The notional amount of the Swap is$227.9 million and was issued to assure lower interest rates on $219.5 million of Series 1994A Bonds.