Examples of Series 2019B Notes in a sentence
The Tender Agent shall make payment from amounts held other than proceeds of the Series 2019 Notes deposited to the Note Purchase Fund by the Borrower for Series 2019B Notes to the tendering Series 2019B Noteholders at or before 1:00 p.m. Eastern time on the Mandatory Purchase Date.
At the option of the Borrower, the all Outstanding Series 2019B Notes may be continued in the Bank Rate on the Mandatory Purchase Date to the succeeding Mandatory Purchase Date or the Maturity Date, whichever shall first occur.
The Tender Agent shall transfer on or before 1:00 p.m. Eastern time on each Mandatory Purchase Date amounts on deposit in the Note Purchase Fund to pay the purchase price of tendered Series 2019B Notes to the former owners of such Series 2019B Notes upon presentation of the Series 2019B Notes to the Tender Agent.
The Series 2019B Notes shall be secured by the moneys on deposit and held in accordance with the Account Control Agreement.
Moneys in the Note Purchase Fund shall be held uninvested and exclusively for the payment of the purchase price of tendered Series 2019B Notes.
There is hereby established a Collateral Fund into which $3,950,000, being all of the proceeds of the Series 2019B Notes shall be deposited on the Closing Date.
Prior to maturity, a Determination of Taxability or an Event of Default, the unpaid principal balance of the Loan shall bear interest initially at the Fixed Interest Rate with respect to the Series 2019A Notes and the Bank Rate with respect to the Series 2019B Notes.
Following the Mandatory Purchase Date, moneys deposited with the Tender Agent for the purchase of Series 2019B Notes shall be held in trust in the 2019 Note Purchase Fund created by and held by the Tender Agent and shall be paid to the former owners of such Series 2019B Notes upon presentation of such Series 2019B Notes at the designated office of the Tender Agent.
The Issuer shall deliver the Series 2019 Notes to the Original Purchaser contemporaneously with the delivery by the Original Purchaser of all proceeds of the Series 2019A Notes for the deposit into the General Fund created under this Loan Agreement and deposit of the proceeds of the Series 2019B Notes to the Collateral Fund created under this Loan Agreement.
On the date of Mandatory Purchase or on the Maturity Date of the Series 2019B Notes, any amounts remaining in the Collateral Fund shall be released to the Borrower to be applied to Project Costs upon receipt by the Lead Noteholder of the payment of all outstanding principal and accrued interest on the Series 2019B Notes.