Examples of Series 2002 Bonds in a sentence
A portion of the proceeds of the Series 2013 Bonds were used for the purpose of refunding the previously held Series 2002 Bonds and the Series 2008 Bonds.
The Series 2002 Bonds were issued as Auction Rate Certificates and interest on the Series 2002 Bonds is not exempt from gross income of the certificate owners for federal income tax purposes.
In April 2006, all of the Series 2002 Bonds were converted to variable rate demand obligations.
The proceeds derived from the sale of the Series 2002 Bonds were loaned to the Corporation under the terms of a First Amendment to Loan Agreement, dated as of June 1, 2002 (the “First Amendment to Loan Agreement”), between the City and the Corporation.
The payment of the principal of, premium, if any, and interest on the Series 2002 Bonds are also secured by the Guaranty, as amended by the terms of a First Amendment to Guaranty Agreement, dated as of June 1, 2002 (the “First Amendment to Guaranty”), executed by the Guarantor and delivered to the Trustee.