Examples of Series 2017 Certificates in a sentence
The interest rates on the Series 2017 Certificates range from 2% to 5% and are payable on June 1 and December 1 through 2046.
The Series 2017 Certificates maturing on or after December 1, 2028 are subject to redemption prior to maturity at the option of the City, on December 1, 2028, and on any date thereafter, at par plus accrued interest to the redemption date, with no redemption premium.
Certificates of Participation, Series 2017 (continued) The Series 2017 Certificates are payable solely from 1) annually appropriated base rentals; 2) moneys held by the Trustee under the Indenture; and 3) following an Event of Nonappropriation or an Event of Default under the Lease, any moneys received by the Trustee from the sale or sublease of the Leased Property or the exercise of other remedies under the Site Lease and the Indenture.
The Center refunded those COPs by placing the proceeds of the Series 2017 Certificates of Participation in a special fund and trust account with Wells Fargo Bank, escrow agent, to provide for the May 1, 2019 redemption of Series 2008 Certificates maturing on and after May 1, 2019 pursuant to the optional redemption provisions of the 2008 Indenture.
The Series 2017 Certificates are payable solely from 1) annually appropriated base rentals; 2) moneys held by the Trustee under the Indenture; and 3) following an Event of Nonappropriation or an Event of Default under the Lease, any moneys received by the Trustee from the sale or sublease of the Leased Property or the exercise of other remedies under the Site Lease and the Indenture.
In connection with the Series 2017 Certificates, it will be necessary to execute and deliver a Site Lease (the “Site Lease”), a Lease Purchase Agreement (the “Lease”) and an Agreement to Construct (the “Agreement to Construct”) between the City and the Trustee.
This increase was primarily related to the receipt of proceeds from the issuance of the Series 2017 Certificates of Participation in the amount of $50 million in October of 2017.
Such policy, or a binding commitment therefor, shall be provided to the Trustee concurrently with the issuance of the Series 2016 Certificates and the Series 2017 Certificates.
This decrease is primarily related to spending proceeds from the Series 2017 Certificates of Participation for the new capital projects.
Prepayment will be made, if before September 1, 2027, at a prepayment price of 100% of the principal amount of the Series 2017 Certificates to be prepaid, plus accrued interest thereon to the prepayment date, plus any Breakage Premium.