Examples of Series 2017 Note in a sentence
Upon the occurrence of an Event of Default, moneys in the Series 2017 Note Acquisition and Construction Account and the Note Trust Estate may be used to pay the fees and the expenses and costs of litigation and other remedies of the Trustee incurred, to pursue remedies under the Indenture.
The Corporation shall lease the Project Site from the Board and the University pursuant to a Ground Lease to be dated as of the first day of the month preceding the date of the Series 2017 Note, by and among the Board, the University and the Corporation (the “Ground Lease”).
Interest and principal on the Series 2017 Note shall be paid quarterly on each July 1, October 1, January 1 and April 1, commencing July 1, 2017.
If (i) after a Determination of Taxability (as defined below) the interest on this Series 2017 Note becomes includable in the gross income of the Registered Owner for Federal income tax purposes, then the Registered Owner shall have the right to adjust the Interest Rate in order to maintain the same after-tax yield as if the Determination of Taxability had not occurred.
On each Principal Payment Date, the City shall pay an annual installment of the outstanding principal amount due on the Series 2017 Note in the amounts set forth on Schedule 1 of the Series 2017 Note.
The acquisition, construction and equipping of the Project and the financing of costs thereof from proceeds of the Series 2017 Note is hereby authorized and approved.
The Bank shall have received an incumbency certificate of the City in respect of each of the officers who is authorized to sign this Loan Agreement, the Series 2017 Note, and the related financing documents on behalf of the City.
The City may prepay the Series 2017 Note in whole or in part, at anytime, without a prepayment premium or penalty.
No Additional Obligations may be issued that are payable on a senior basis to the Series 2017 Note without the prior written consent of the Bank.
Interest on the Series 2017 Note shall be paid semiannually on each Interest Payment Date, commencing June 15, 2017.