Series 2007B Bonds definition
Examples of Series 2007B Bonds in a sentence
The Developer Bonds shall contain a legend to be affixed to the form of the bond stating that Developer Bonds are fully subordinate to the Series 2007A Bonds, the remaining Series 2007B Bonds, and all obligations due and owing to the Banks under the Reimbursement Agreement.
Each payment of principal of, premium, if any, and interest on this Promissory Note shall at all times be sufficient to pay the total amount of principal of (whether at maturity or upon acceleration or prior redemption), premium, if any, and interest due on the Series 2007B Bonds on the same date.
Each of the two instructions shall instruct the Registrar to register $1,000,000 in principal amount of the Series 2007B Bonds in the name of the ERA Parties (the “Transfer Instructions”), with the total for the two Transfer Instructions being $2,000,000 in principal amount for the Series 2007B Bonds.
The Developer Bonds shall be fully subordinate to the Series 2007A Bonds, the remaining Series 2007B Bonds, and all obligations due and owing to the Banks under the Reimbursement Agreement.
Any accrued and unpaid interest due on the Series 2007B Bonds as of the date of transfer to the ERA Parties shall remain due and owing to the Banks.