Examples of Series 2011 Bonds in a sentence
In December 2011, $245,230 of tax-exempt revenue bonds were issued on behalf of the Obligated Group, of which $184,680 were issued through the Suffolk County Economic Development Corporation and $60,550 through the Nassau County Local Economic Assistance and Financing Corporation (together, the Series 2011 Bonds).
The Series 2011 Bonds are secured by the mortgaged property and by a security interest in all revenues of the Obligated Group and are subject to certain covenants of the Obligated Group.
The 2011 Extraordinary Prepayment Fund will receive transfers from the 2011 Revenue Fund and/or the 2011 Debt Service Reserve Fund, and shall apply amounts to the Extraordinary Mandatory Prepayment of the Series 2011 Bonds in accordance with the terms of the Trust Indenture.
Proceeds of the Series 2011 Bonds were used to defease the Dormitory Authority of the State of New York (DASNY) 1999A revenue bonds, issued on behalf of the Obligated Group (with the exception of St. Catherine), the DASNY Series 2000A and 2000B revenue bonds on behalf of St. Catherine and Siena Village, Inc., and commercially held debt of Consolation.
To the extent permitted by law, the association may participate in mergers and consolidations with other nonprofit associations organized for the same purposes as this association, provided that any such merger or consolidation shall have the written consent of all of the members or the assent by vote of two-thirds (2/3) of each class of members voting in person or by proxy at a meeting duly called for this purpose, written notice of which shall be given to all members at least thirty (30) days in advance.