Series 2018 Bond definition
Examples of Series 2018 Bond in a sentence
Upon initial issuance, the ownership of each such Series 2018 Bond shall be registered in the registration books kept by the Registrar in the name of Cede, as nominee of DTC.
Pursuant to the Bond Ordinance, each Series 2014D Bond and Series 2018 Bond constitute a general obligation of the County for the payment of which the County has pledged its full faith and credit and for which the County is obligated to levy ad valorem taxes, and shall be paid as provided in the Indenture, and the Series 2014D Bonds and Series 2018 Bonds shall be secured by Pledged Taxes as provided in the Indenture.
No Person other than a Bondholder, as shown in the registration books kept by the Registrar, shall receive a certificated Series 2018 Bond evidencing the obligation of the Issuer to make payments of principal, premium, if any, and interest pursuant to the Indenture.
Basic Rent as payable under Section 3.1 of the Original Lease and Section 2.1 of the First Supplemental Lease shall be amended to provide funds sufficient to permit the Issuer to make all interest and principal payments on the Outstanding Series 2018 Bonds when due, as well as all other Bonds Outstanding under the Series 2018 Bond Resolution (less Basic Rent Credits and any other credits provided in the Series 2018 Bond Resolution).
In any such event terminating the services of DTC, the Issuer shall notify DTC and direct DTC to notify the Participants of the availability through DTC of Series 2018 Bond certificates and the Series 2018 Bonds shall no longer be restricted to being registered in the registration books kept by the Registrar in the name of Cede, as nominee of DTC.
For purposes of this Section, Beneficial Owner shall mean any person who has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Series 2018 Bond (including persons holding Series 2018 Bonds through nominees, depositories or other intermediaries).
If the mutilated, destroyed, stolen or lost Series 2018 Bond has already matured or been called for redemption in accordance with its terms it shall not be necessary to issue a new Series 2018 Bond prior to payment, provided that the owner shall first provide the Bank with a bond of indemnity as set forth above.
In any case where the Bond Payment Date or the date fixed for redemption of any Series 2018 Bond shall not be a Business Day, then payment of principal of, premium, if any, or interest on the Series 2018 Bond need not be made on such date but may be made on the next succeeding Business Day, with the same force and effect as if made on the Bond Payment Date or the date fixed for redemption, and no interest shall accrue for the period after such date.
Upon each payment of Base Payments from funds other than amounts constituting Bond Proceeds (including any amounts deposited from the sale of the Series 2018 Bond as provided in Section 5.1 of the Indenture and income from the investment of such amounts), title to an undivided interest in Project Facilities equal to that percentage of the Acquisition Price represented by such payment will transfer from the Corporation to the City without further action by either party hereto.
Subject to paragraph (d) below, the maximum stated principal amount of the Series 2018 Bond is hereby expressly limited to the Authorized Loan Amount.