Series 2005 Refunded Bonds definition

Series 2005 Refunded Bonds means, collectively, the principal maturities of the Outstanding Series 2005 Bonds to be determined by the Director of Finance in the Certificate of Award as the maturities the refunding of which will be in the best interest of and to the financial advantage of the City.
Series 2005 Refunded Bonds means that portion of the Water System Improvement and Refunding Revenue Bonds, Series 2005, dated as of October 15, 2005, outstanding in the aggregate principal amount of $9,080,000 and maturing annually in the years and in the amounts set forth below: Principal Maturity Date (December 1) Principal Amount Interest Rate 2014 $ 215,000 4.000% 2015 200,000 4.000 2016 190,000 4.000 2017 180,000 4.000 2018 165,000 4.125 2019 150,000 4.125 2020 140,000 4.250 2027 3,205,000 5.000 2030 4,635,000 5.000 The Series 2005 Refunded Bonds maturing on December 1, 2027 are term bonds and shall be subject to mandatory sinking fund redemption on the Mandatory Redemption Dates and in the principal amounts as follows (with the balance of $1,400,000 to be paid at stated maturity on December 1, 2027): Principal Payment Date (December 1) Principal Amount 2021 $ 125,000 2022 110,000 2023 95,000 2024 80,000 2025 65,000 2026 1,330,000 The Series 2005 Refunded Bonds maturing on December 1, 2030 are term bonds and shall be subject to mandatory sinking fund redemption on the Mandatory Redemption Dates and in the principal amounts as follows (with the balance of $1,620,000 to be paid at stated maturity on December 1, 2030): Year (December 1) Principal Amount 2028 $1,470,000 2029 1,545,000 “Series 2014 Refunding Bond Legislation” means Ordinance No. 2014-O- passed by the Taxing Authority on , 2014, and the Certificate of Award executed and delivered pursuant thereto.
Series 2005 Refunded Bonds means the Sales Tax Bonds, Series 2005, maturing December 1, 2015 to December 1, 2019, inclusive.

Examples of Series 2005 Refunded Bonds in a sentence

  • The trust and fiduciary relationship created by this Agreement is irrevocable and intended for the benefit of the holders from time to time of the then unpaid Series 2005 Refunded Bonds as provided in this Agreement.

  • This Agreement shall inure to the benefit of and shall be binding upon the City and the Escrow Trustee, and their respective successors, and the holders of the Series 2005 Refunded Bonds and their respective assigns, all subject to the provisions of this Agreement.

  • The rate or rates of interest per year to be borne by the Series 2014 Bonds and the principal amount of Series 2014 Bonds maturing or payable pursuant to Mandatory Sinking Fund Redemption Requirements on each Principal Payment Date, shall be such as to demonstrate a net present value savings to the City due to the refunding of the Series 2005 Refunded Bonds, after taking into account all expenses related to that refunding and the issuance of the Series 2014 Bonds.

  • The Escrow Fund shall be held in the custody of the Escrow Trustee, and is to be held in trust for and pledged for the benefit, equally and ratably, of the holders of the Series 2005 Refunded Bonds, and shall be used and applied, and irrevocably committed, to pay the Accruing Debt Charges on the scheduled dates as shown on EXHIBIT A, all as provided in the Series 2014 Refunding Bond Legislation and this Agreement.

  • For informational purposes, a certified copy of this Series 2014 Bond Ordinance shall be sent by the Director of Finance to the current trustee for the Series 2005 Refunded Bonds.

  • The City acknowledges that it is satisfied that that Verification Report complies with the requirements of the Act for the Series 2005 Refunded Bonds, to be considered no longer outstanding.


More Definitions of Series 2005 Refunded Bonds

Series 2005 Refunded Bonds means, (i) all of the Series 2005 Senior Bonds, (ii) [all][a portion] of the Series 2005 First Subordinate Bonds, and (iii) [all][a portion] of the Series 2005 Second Subordinate Bonds.

Related to Series 2005 Refunded Bonds

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Refunded Bonds means the portion of the $2,348,000 of the Series B Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Refunded Notes means that portion of the Series 298 Notes and Series 300 Notes paid from the proceeds of the Bonds and other available funds of the Issuer.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Series Invested Amount means the Initial Invested Amount.

  • Transition bonds means bonds, notes, certificates of

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • B Notes means each of Note B-1 and Note B-2.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of