Examples of Series 2016A Bond in a sentence
Money in the Series 2016A Bond Fund, Series 2016B Bond Fund, or the Series 2016C Bond Fund not needed to pay the interest or principal and interest next coming due on any Outstanding Series 2016 First Lien Bonds or to maintain required reserves therefor may be used to purchase or redeem and retire Series 2016 First Lien Bonds within the limitations provided herein, subject to the further limitations set forth in the Federal Tax Certificate, and in Section 2 of the Master Resolution.
The Port does hereby pledge and bind itself to set aside from Net Revenues, and to pay into the Series 2016A Bond Fund, the Series 2016B Bond Fund, the Series 2016C Bond Fund, and the Common Reserve Fund the various amounts required herein tobe paid into and maintained in said Funds, all within the times provided herein.
The Series 2016A Bond Fund shall be held separate and apart from all other funds and accounts of the Port and shall be a trust fund for the owners of the Series 2016A Bonds.The Series 2016A Bonds shall be obligations only of the Series 2016A Bond Fund and Common Reserve Fund and shall be payable and secured as provided herein.
Money in the Series 2016A Bond Fund, Series 2016B Bond Fund, and the Series 2016C Bond Fund, and money in the Revenue Fund of the Port may be invested in any investments legal for port districts and, with respect to the Series 2016A Bond Fund, the Series 2016B Bond Fund, and the Series 2016C Bond Fund, subject to the further limitations set forth in the Federal Tax Certificate with respect to Series 2016 Bonds of a series issued on a tax-exempt basis.
Each Series 2016A Bond shall be in an integral multiple of $5,000 and shall be numbered separately from R-1 consecutively upwards in order of issuance.