Examples of Series 2015D Bonds in a sentence
The Series 2013B and Series 2015D Bonds are Taxable and advance refundable.
However, the Series 2013B Bonds can only be called prior to maturity with a make whole call provision, and the Series 2015D Bonds, given the length of time to the call date, are not a viable refunding candidate at this time.
The form of the Series 2015D Bonds and assignment provisions to be endorsed thereon shall be substantially as set forth in Exhibit D attached hereto and made a part of this Ordinance with any appropriate variations, legends, omissions, and insertions as permitted or required by this Ordinance or law.
All investment earnings shall be applied to pay debt service on the Series 2015D Bonds.
The Series 2015D Bonds shall mature not later than November 1, 2026.
Any premium on the Series 2015C Bonds and the Series 2015D Bonds shall be deposited with the Escrow Agent and applied to the payment of principal, interest, and redemption price of the applicable Refunded Bonds in accordance with the Escrow Deposit Agreement.
The County Council expressly reserves the right to pledge net revenues derived from the Transportation Sales Tax to secure the payment of other obligations of the County, including other general obligation bonds, revenue bonds, notes, leases, or contract obligations, or similar contracts or evidences of indebtedness, and to apply such net revenues that are not required to pay current Debt Service on the Series 2015D Bonds to the costs of other Original Referendum Projects.
The proceeds of the Series 2015D Bonds necessary to refund all the Series 2007 Sales Tax Bonds as designated for refunding pursuant to Section 3 of this Article shall be deposited with the Escrow Agent and applied to the payment of principal, interest, and redemption price of the applicable Series 2007 Sales Tax Bonds in accordance with the Escrow Deposit Agreement.
The Series 2015C Bonds and the Series 2015D Bonds shall bear interest at rates such that they result in a net present value savings for each series of Refunded Bonds of not less than 2.5%.
Upon receipt of the net revenues of the Transportation Sales Tax from the State Treasurer, the Treasurer of Charleston County shall deposit that portion of the net revenues as directed by annual budget of the County Council into the Sinking Fund Account established for the Series 2015D Bonds and shall maintain proper books and records for an accounting thereof.