Examples of Series 2020 Note in a sentence
The transfer and exchange of the Series 2020 Note shall be registered in the registration books of the Issuer.
The Series 2020 Note delivered upon transfer or exchange shall be dated and shall bear interest from such date that neither gain nor loss in interest shall result from the transfer or exchange.
A new Series 2020 Note delivered upon any transfer or exchange shall be valid obligations of the Issuer, evidencing the same debt as the Series 2020 Note surrendered, shall be secured by this Resolution and shall be entitled to all of the security and the benefits hereof to the same extent as the Series 2020 Note surrendered.
AWARD OF SERIES 2020 NOTE.The Issuer hereby finds, determines and declares that the small size of the issue and local nature of the marketing of the Series 2020 Note, require that the sale of the Series 2020 Note be negotiated at private sale rather than offered by competitive bid at public sale in order to ensure the necessary flexibility to change the maturities, redemption features and interest rates necessary to obtain the most favorable terms in the market.
The Issuer hereby covenants that it will make no investment or other use of the proceeds of the Series 2020 Note which would cause such Series 2020 Note to be "arbitrage bonds" as that term is defined in Section 148 of the Code and regulations promulgated thereunder.