Examples of Series 2012C Bonds in a sentence
Upon their issuance, the 2012C Allocable Portion of the Series 2020C-R2 Refunding Bonds shall be on parity with the Remaining Outstanding Series 2012C Bonds (as defined herein) and shall be entitled to the same benefit and security of the Series 2012C Bond Resolution, including, without limitation, the pledge of the Series 2012C Trust Estate (as defined herein), as the Remaining Outstanding Series 2012C Bonds.
During 2012, the IFA issued $200 million fixed-rate, tax-exempt Midwestern Disaster Relief Revenue Bonds (Ohio Valley Electric Corporation Project) (the “Series 2012A Bonds”) and two series of $50 million each, variable-rate, tax-exempt bonds: the Series 2012B Bonds and the Series 2012C Bonds.
In July 2020, the Series 2012B and Series 2012C Bonds were refinanced with a fixed interestrate of 3.0% per annum for the period beginning July 9, 2020 to November 1, 2030.
The 2012 Bonds were comprised of $56,135,000 of non-rated, tax-exempt, fixed rate, term bonds (the “Series 2012A Bonds”), $60,375,000 of Series 2012B Bonds (the “Series 2012 B Bonds”), and $940,000 of Series 2012C Bonds (the “Series 2012C Bonds”).
In 2017, the Series 2012B Bonds and the Series 2012C Bonds, which had been secured by irrevocable transferable direct-pay letters of credit, were remarketed with four-year and five- year interest periods expiring August 4, 2021 and August 4, 2022, respectively.
It is further hereby expressly provided that whenever no Costco Area Bonds (or bonds issued to refund Costco Area Bonds) or Additional Bonds shall remain outstanding, any remaining Costco Area Business District Taxes shall be used to provide for the extraordinary mandatory redemption of that portion of the Series 2012C Bonds issued to pay costs of the 2012 Infrastructure Project.B. INVESTMENTS.
OVEC is obligated to make payments under loan agreements between OVEC and the IFA equal to the principal and interest payments due on such bonds, among other payments.In 2017, the Series 2012B Bonds and the Series 2012C Bonds, which had been secured by irrevocable transferable direct-pay letters of credit, were remarketed with four-year and five- year interest periods expiring August 4, 2021 and August 4, 2022, respectively.
The Authority has also issued its Refunding Revenue Bonds, Tax- Exempt Series 2012C and Taxable Series 2013D dated August 1, 2012, in the original principal amount of $525,000 of which only the Series 2012C Bonds are outstanding in the remaining principal amount of $315,000 (the “Series 2012C Bonds”).
The Series 2012C Bonds maturing on or before October 15, 20 are not subject to optional redemption prior to their respective stated maturities.
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