Examples of Series 2018 B Bonds in a sentence
The Issuer will take all actions that may be required of it so that the interest on the Series 2018 B Bonds will be and remain excludable from gross income for federal income tax purposes, and will not take any actions which would adversely affect such exclusion.
Certificate of Authentication and Registration on such Series 2018 B Bond, substantially in the form set forth in EXHIBIT A – FORM OF SERIES 2018 B BONDS attached hereto and incorporated herein by reference with respect to the Series 2018 B Bonds, shall have been duly manually executed by the Registrar.
As set forth in the Bond Purchase Agreement the Underwriter has agreed in writing that for each Maturity of the Hold-the-Offering-Price Maturities, it would neither offer nor sell any of the unsold Series 2018 B Bonds of such Maturity to any person at a price that is higher than the Initial Offering Price for such Maturity during the Holding Period for such Maturity (the “Hold-the-Offering-Price Rule”).
A copy of the pricing wire or equivalent communication for the Series 2018 B Bonds is attached to this certificate as Schedule B.
The Certificate of Authentication and Registration on any Series 2018 B Bond shall be deemed to have been executed by the Registrar if signed by an authorized officer of the Registrar, but it shall not be necessary that the same officer sign the Certificate of Authentication and Registration on all of the Series 2018 B Bonds issued hereunder.
As of the date of this certificate, for each Maturity of the General Rule Maturities, the first price at which at least 10% of such Maturity of each series of the Series 2018 B Bonds was sold to the Public is the respective price listed in Schedule A.
The Issuer shall not take any action or permit or suffer any action to be taken if the result of the same would be to cause the Series 2018 B Bonds to be “federally guaranteed” within the meaning of Section 149(b) of the Code.
The Issuer will file all statements, instruments and returns necessary to assure the tax-exempt status of the Series 2018 B Bonds and the interest thereon, including without limitation, the information return required under Section 149(e) of the Code.
Pursuant to such agreement, no Underwriter has offered or sold any unsold Series 2018 B Bonds of any Maturity of the Hold-the-Offering-Price Maturities at a price that is higher than the respective Initial Offering Price for that Maturity of the Series 2018 B Bonds during the Holding Period.