Series 2015 Bond definition
Examples of Series 2015 Bond in a sentence
For purposes of such selection, each Series 2015 Bond shall be deemed to consist of individual Series 2015 Bonds of denominations of $5,000 principal amount, Maturity Value or accreted value at the Conversion Date thereof, as applicable, each, which may be separately redeemed.
Any Series 2015 Bond issued under the provisions of this Section in lieu of any Series 2015 Bond alleged to be lost, destroyed or stolen shall be equally and proportionately entitled to the benefits of this Trust Agreement with all other Bonds of the same series secured by this Trust Agreement.
The District hereby directs the Escrow Agent to take such further action as may be necessary under the Series 2015 Bond Resolution to redeem the Escrowed Bonds in the principal amount and at the time set forth in Schedule 1 hereto.
If less than all Series 2015 Bonds of any one maturity are called for redemption, the Trustee shall select the Series 2015 Bonds to be redeemed by lot, each $5,000 portion of the principal being counted as one Series 2015 Bond for this purpose; provided, however, that so long as the only registered owner of the Series 2015 Bond is Cede & Co., such selection shall be made by DTC.
The Authority covenants that it is duly authorized under the Constitution and laws of the State, including particularly the Act, to enter into this Indenture, to issue the Bonds and TIFIA Series 2015 Bond and pledge the Pledged Funds thereto and to the Parity Swap Agreements and the Reimbursement Obligations and that the Authority has not previously pledged such Pledged Funds to secure other obligations.