Examples of Series 2002B Bonds in a sentence
The Series 2002B Bonds shall be issued pursuant to Section 210 of the Trust Agreement, in one series, in the aggregate principal amount of $255,575,000, shall bear fixed rates of interest to respective maturities and shall be designated "Oklahoma Transportation Authority Oklahoma Turnpike System Refunding Second Senior Revenue Bonds, Series 2002B (the "Series 2002B Bonds") and shall be issued in book-entry-only form.
The Series 2002B Bonds stated to mature on or after January 1, 2013, are subject to redemption at the Authority's option at the par value thereof, plus accrued interest to the date of redemption, on or after January 1, 2012, either as a whole or in part on any date from such maturities as the Authority may select, from any moneys made available for such purpose (other than moneys set aside in respect of an Amortization Requirement).
The Series 2002B Bonds shall be subordinate as to their claim to the security pledged under the Trust Agreement to all first senior bonds issued under Section 208 of the Trust Agreement but shall have an equal lien with other second senior bonds, and Parity Indebtedness and have a prior lien under the Trust Agreement as to such security pledged thereunder over subordinated bonds and junior obligations issued under the provisions of Sections 211, 212 or 514 of the Trust Agreement.
Payment of the principal and interest when due on the Series 2002B Bonds will be insured by two municipal bond insurance policies issued by the Bond Insurer.