Examples of Series 2009A Bond in a sentence
The principal of and interest on the Series 2009B Bond, and, if applicable, the principal of and interest on the Series 2009A Bond and any Administrative Expense Surcharge and Loan Loss Reserve Surcharge on the Series 2009A Bond and the Series 2009B Bond shall be payable on the same dates and in the same amounts on which Loan Repayments are payable.
Loan Repayments and the Administrative Expense Surcharge and the Loan Loss Reserve Surcharge, if applicable, on the 2009A Loan and the 2009B Loan, shall be due on the dates specified above and on the dates and in the amounts shown in Schedule B to each of the Series 2009B Bond and, if applicable, the Series 2009A Bond, as such Schedule B shall be modified from time to time as provided in Sections 5.1.2 and 5.1.3 and below.
The Series 2009A Bond Fund shall be held separate and apart from all other funds and accounts of the Port and shall be a trust fund for the owners of the Series 2009 Bonds.The Series 2009A Bonds shall be obligations only of the Series 2009A Bond Fund and the Series 2009A Debt Service Reserve Fund and shall be payable and secured as provided herein.
Money in the Series 2009A Bond Fund, the Series 2009B Bond Fund, the Series 2009A Debt Service Reserve Fund and the Series 2009B Debt Service Reserve Fund and money in the Revenue Fund of the Port may be invested in any investments legal for port districts and, with respect to the Series 2009A Bond Fund and the Series 2009A Debt Service Reserve Fund, subject to the limitations set forth in the Federal Tax Certificate.
The Series 2009A Bond is a Subordinate Obligation payable from the Subordinate Obligations Account as described in the Original Resolution, as supplemented by this Supplemental Resolution.
The Series 2009A Bond shall be prepared in substantially the form attached as Appendix B-1 and the Series 2009B Bond shall be prepared in substantially the form attached as Appendix B-2.
The portion of each such Loan Repayment consisting of principal and the portion consisting of interest shall be set forth on Schedule B to the Series 2009B Bond and the portion of each Loan Repayment consisting of principal and the portion consisting of interest and the amount of each Administrative Expense Surcharge and the amount of each Loan Loss Reserve Surcharge shall be set forth in Schedule B to the Series 2009A Bond (and the Series 2009B Bond, if appropriate).
The Borrower shall execute and deliver the replacement Series 2009A Bond and the replacement Series 2009B Bond to the DNRC within thirty (30) days after delivery of such bonds to the Borrower by the DNRC.
If the DNRC delivers an ARRA Forgiveness Statement, Schedule B to the Series 2009A Bond will be disregarded and of no effect and Schedule B to the Series 2009B Bond will continue to reflect a debt service schedule with payments at 1.75% per annum, and the Trustee shall send a copy of the revised Schedule B to the Series 2009B Bond showing the full principal amount advanced under the Series 2009B Bond to the Borrower within one month after the delivery of such ARRA Forgiveness Statement.
Schedule B will first be attached to the Series 2009A Bond and the Series 2009B Bond at Closing.