Examples of Series 2008A Notes in a sentence
Interest on the Series 2008A Notes will be payable from amounts deposited by the State Treasurer upon issuance of the Series 2008A Notes in the Series 2008 Notes Repayment Account, and from certain investment earnings thereon; and the principal of the Series 2008A Notes will be payable from amounts received by the Treasurer from the Participating Districts on or before June 25, 2009, as payment of their Program Loans and, if necessary, from certain State funds, all as described herein.
Within the debt service fund previously established within the treasury of the County, there be and there hereby is established a separate and distinct fund account designated as the “Debt Service Fund Account for $8,455,000 General Obligation Promissory Notes, Series 2008A” (hereinafter referred to as the “Debt Service Fund Account”), and such fund shall be maintained until the indebtedness evidenced by the Series 2008A Notes is fully paid or otherwise extinguished.
Said sum shall be irrevocably deposited in said Debt Service Fund Account and shall be used solely to pay interest on the Series 2008A Notes on November 1, 2008.
In order to provide for the collection of a direct annual tax sufficient in amount to pay and for the express purpose of paying the interest on the Series 2008A Notes as it falls due and also to pay and discharge the principal thereof at maturity, there is hereby levied upon all of the taxable property in the County, in addition to all other taxes, a nonrepealable, direct, annual tax in an amount sufficient for that purpose.
Neither the sale of the Series 2008-A Notes by the Company hereunder nor its use of the proceeds thereof will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto.
The Series 2008A Notes shall be sold and delivered to the Purchaser in the manner, at the Purchase Price, and pursuant to the terms and conditions set forth in the Official Notice of Sale.The preparation of the Preliminary Official Statement dated February 7, 2008 and the Official Statement dated February 20, 2008, are hereby approved.
The Chairperson shall, on the basis of the facts, estimates and circumstances in existence on the date of closing, make such certifications as are necessary to permit the conclusion that the Series 2008A Notes are not “arbitrage bonds” under Section 148 of the Code or the Regulations of the Commissioner of Internal Revenue thereunder.
The Company shall have delivered to such Purchaser a certificate, dated the Closing Date, certifying as to the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Series 2008A Notes and this Agreement.
After the issuance of the Series 2008A Notes, said taxes shall be carried into the tax rolls of the County and collected as other taxes are collected, provided that the amount of tax carried into said tax rolls with respect to the Series 2008A Notes may be reduced by the amount of any surplus money in the Debt Service Fund Account created pursuant to Section 8 hereof.
The execution and delivery of this Agreement and the issuance and sale of the Series 2008-A Notes hereunder to each Purchaser will not involve any transaction with respect to such Purchaser that is subject to the prohibitions of Section 406 of ERISA or in connection with which a tax would be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code.