Series 2016 Note definition

Series 2016 Note shall have the meaning assigned in the Financing Agreement.
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Series 2016 Note. The Corporation’s promissory note dated November 22, 2016 in the original principal amount of $2,000,000 (as the same may have been renewed, extended, amended or otherwise modified from time to time) and payable to American National Bank of Texas. Series 2018 Note - The Corporation’s promissory note dated December 12, 2018 in the original principal amount of $4,500,000 (as the same may have been renewed, extended, amended or otherwise modified from time to time) and payable to American National Bank of Texas. Pledged Revenues - 100% of the funds collected by the City from the levy of the Economic Development Sales and Use Tax, without deduction, offset or credit for any administrative charges or expenses incurred by the City or the Corporation in connection with the levy and collection of the Economic Development Sales and Use Tax, other than any amounts due and owing to the Comptroller of Public Accounts of the State for collection costs and other charges. Principal Amount - $8,108,000.00. Resolution - The resolution of the Board of Directors of the Corporation authorizing the execution and delivery of this Agreement and the Series 2021 Note and the pledge of the Pledged Revenues to the payment of the principal of and interest on the Series 2021 Note, and any amendments or supplements thereto. Sales Tax Remittance Agreement - The Sales Tax Remittance Agreement dated as of even date herewith by and between the Corporation and the City, as same may be amended, restated, supplemented and/or otherwise modified.
Sample 1
Series 2016 Note. The Corporation’s promissory note dated November 22, 2016 in the original principal amount of $2,000,000 (as the same may have been renewed, extended, amended or otherwise modified from time to time) and payable to American National Bank of Texas. Series 2018 Note - The Corporation’s promissory note dated December 12, 2018 in the original principal amount of $4,500,000 (as the same may have been renewed, extended, amended or otherwise modified from time to time) and payable to American National Bank of Texas. State - The State of Texas.
Sample 1

Examples of Series 2016 Note in a sentence

  • Concurrently with the execution and delivery hereof, the Issuer is issuing the Series 2016 Bonds to be paid by the WLCDC pursuant to its Series 2016 Note substantially in the form attached hereto as Exhibit C.

  • The Issuer covenants that it will defend the title to the Series 2016 Note and its interest in the Sublease Rental Payments and the Financing Agreement to the Trustee, for the benefit of the Bondholders and owners of the Bonds against the claims and demands of all persons whomsoever.

  • The Issuer represents that at the time of the pledge and assignment thereof it will lawfully own the Series 2016 Note and that such pledge and assignment and the assignment of the Financing Agreement to the Trustee hereby made will be valid and lawful.

  • On January 15, 2016, the Borough issued a Note Payable (the "Series 2016 Note") to a financial institution to borrow a maximum of $7,232,270.

  • All amounts so paid shall also be a credit against any mandatory sinking fund obligation and the corresponding Series 2016 Note obligation with respect thereto in the sequence in which such mandatory sinking fund obligation becomes due.

  • As provided therein, the entire unpaid principal balance of each tranche of Series 2016 Note shall become due and payable on the respective Maturity Date thereof.

  • The WLCDC shall give the Trustee not less than ten (10) days prior written notice of any prepayment of the Series 2016 Note pursuant to Sections 3.11 and 4.1 hereof, which notice shall designate the date of prepayment and the amount thereof, indicate the section or subsection pursuant to which prepayment shall occur, and direct the redemption of the Series 2016 Bonds in the amounts corresponding to the Series 2016 Note to be prepaid.

  • All provisions of the Refunded Series 2011 Note Resolution not inconsistent with the provisions of this Resolution shall apply to the Series 2016 Note as if incorporated herein.

  • Neither the Series 2016 Note nor the interest thereon shall be or constitute a general indebtedness of the City within the meaning of any constitutional or statutory provision or limitation, but shall be payable solely from and secured by a prior lien upon and a pledge of the Pledged Revenues on a parity with the lien thereon in favor of the holders of the Outstanding Parity Bonds.

  • The Series 2016 Note may be prepaid, in whole, on anydate at the principal amount thereof and without premium, plus in each case accrued interest to the date fixed for redemption.In order to exercise such option to prepay the Series 2016 Note, in whole, the WLCDC must cause funds to be deposited with the Trustee to pay the principal of and accrued interest on the Series 2016 Note to be prepaid and the full redemption of the Series 2016 Bonds.


More Definitions of Series 2016 Note

Series 2016 Note means the Issuer’s Refunding Revenue Note, Series 2016, dated July 5, 2016, authorized and issued pursuant to a resolution of the Issuer adopted May 23, 2016.
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Related to Series 2016 Note

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Class A-1 Note means any of the 0.23000% Asset Backed Notes, Class A-1, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Class D Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class D Noteholders on or prior to such preceding Payment Date.

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Class C Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date.

  • 2029 Notes has the meaning specified in the recitals of this Supplemental Indenture.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Class A Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class A note interest rates for the related accrual period on the aggregate outstanding principal balances of all classes of class A notes on the immediately preceding distribution date, after giving effect to all principal distributions to class A noteholders on that preceding distribution date; and • the Class A Note Interest Shortfall for that distribution date.

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.