Series 2015 definition
Examples of Series 2015 in a sentence
In such event, the Series 2015 Bonds will be transferable in accordance with subsection (e) of this Section.
On the Series 2015 Termination Date, the unpaid principal amount of the Class A Notes shall be due and payable.
There is hereby created a Series of notes with one Class to be issued pursuant to the Base Indenture and this Series Supplement and such Series of notes shall be substantially in the form of Exhibit A hereto, executed by the Issuer and authenticated by the Trustee and designated generally Variable Funding Asset Backed Notes, Class A, Series 2015 (the “Class A Notes” or the “Notes”).
The Authority shall not take or omit to take any action which would cause interest on the Series 2015 GR-5 Tax-Exempt Notes to be included in the gross income of any Owner thereof for Federal income tax purposes by reason of subsection (b) of Section 103 of the Code.
The following provisions, however, shall constitute part of Article 5 of the Indenture solely for purposes of Series 2015 and shall be applicable only to the Notes.
At any time after the sale of the Series 2015 Bonds in accordance with the Act, the Authority shall execute the Series 2015 Bonds for issuance hereunder and shall deliver them to the Trustee, and thereupon the Series 2015 Bonds shall be authenticated and delivered by the Trustee to the purchaser thereof upon the Written Request of the Authority and upon receipt of payment therefor from the purchaser thereof.
The Series 2015 Bonds maturing April 1, 20 are subject to mandatory redemption in part on April 1 in the years 20 and 20 .
The portion of the foregoing amounts allocable to Series 2015 shall be payable to the Trustee, Servicer and Back-Up Servicer, as applicable, solely to the extent amounts are available for distribution in respect thereof pursuant to Section 5.15.
The recital contained in the Series 2015 Bonds that the same are issued pursuant to the Act and pursuant hereto shall be conclusive evidence of their validity and of the regularity of their issuance, and all Series 2015 Bonds shall be incontestable from and after their issuance.
The Series 2015 Bonds shall be deemed to be issued, within the meaning hereof, whenever the definitive Series 2015 Bonds (or any temporary Series 2015 Bonds exchangeable therefor) shall have been delivered to the purchaser thereof and the proceeds of sale thereof received.