Examples of Series 2019 Bond in a sentence
Each Series 2019 Bond so delivered shall be credited at 100% of the Outstanding principal amount on the obligation of the Issuer on the next redemption or payment date, and any excess of such amount shall be credited on future redemption or payment obligations for such Series 2019 Bonds.
Whenever any Series 2019 Bond or Bonds shall be surrendered for transfer, the Transfer Agent shall authenticate and deliver a new bond or bonds of the same series for like aggregate principal amount.
The Registrar may become the Registered Owner of any Series 2019 Bond with the same rights it would have if it were not theRegistrar, and to the extent permitted by law, may act as depository for and permit any of its officers or directors to act as member of, or in any other capacity with respect to, any committee formed to protect the rights of the Registered Owners of the Series 2019 Bonds.
The Registrar shall not be obligated to register the transfer or exchange of any Series 2019 Bond during a period beginning at the opening of business on the Record Date with respect to an interest payment date and ending at the close of business on such interest payment date, or, in the case of any proposed redemption of the Series 2019 Bonds, after the mailing of notice of the call for redemption of such Series 2019 Bonds.
If the amount in the Bond and Interest Redemption Account and the Bond Reserve Account is not sufficient to pay the principal of and interest on the Series 2019 Bond or the Outstanding Bonds when due, the moneys in the RRI Account shall be transferred to the Bond and Interest Redemption Account and used for that purpose.
The transfer of any Series 2019 Bond may be registered and any Series 2019 Bond may be exchanged, but no transfer of any Series 2019 Bond shall be valid unless the Series 2019 Bond is surrendered to the Registrar with the assignment form appearing on such Series 2019 Bond duly executed by the Registered Owner or such Registered Owner’s duly authorized agent in a manner satisfactory to the Registrar.
There shall be set aside on the first day of each Fiscal Year quarter after the delivery of the first principal installment an amount not less than one-half (1/2) of the amount of interest due on the next interest payment date on all outstanding installments of the Series 2019 Bond not delivered during the then current interest payment period.
The Port covenants that, until all Series 2019 Bonds have been surrendered and canceled, it will maintain a system for recording the ownership of each Series 2019 Bond that complies with the provisions of Section 149 of the Code.
If and to the extent that funds have been provided to the Registrar for the redemption of Series 2019 Bonds then from and after the date fixed for redemption for such Series 2019 Bond or portion thereof, interest on each such Series 2019 Bond shall cease to accrue and such Series 2019 Bond or portion thereof shall cease to be Outstanding.
All such payments made as described in subsection (h) of this Section 6 shall be valid and shall satisfy the liability of the Port upon such Series 2019 Bond to the extent of the amount or amounts so paid.