Examples of Series 2020A Certificates in a sentence
Purchase of the Series 2020A Certificates, except initial purchase by a Participating Underwriter, shall constitute consent by holders of the Series 2020A Certificates.
No provision of this Lease shall be construed to pledge or to create a lien on any class or source of City moneys, nor shall any provision of this Lease restrict the future issuance of any City bonds or obligations payable from any class or source of City moneys (provided, however, certain restrictions in the Indenture shall apply to the issuance of Additional Series 2020A Certificates and Additional Series 2020B Certificates).
No provision of this Lease shall be construed to pledge or to create a lien on any class or source of City moneys, nor shall any provision of this Lease restrict the future issuance of any City bonds or obligations payable from any class or source of City moneys (provided, however, that certain restrictions in the Indenture shall apply to the issuance of Additional Series 2020A Certificates and Additional Series 2020B Certificates).
Such policy, or a binding commitment therefor, shall be provided to the Trustee concurrently with the execution and delivery of the Certificates and in connection with the issuance of any Additional Series 2020A Certificates or Additional Series 2020B Certificates.
The Base Rentals set forth in Exhibit C shall also be recalculated in the event of a partial optional redemption of the Certificates or the execution and delivery of Additional Series 2020A Certificates or Additional Series 2020B Certificates as provided in the Indenture.
In connection with the offering and sale of the Series 2020A Certificates, there has been prepared a Preliminary Offering Statement, dated the date hereof, setting forth information concerning the Series 2020A Certificates and the School Board (the “Preliminary Offering Statement”).
As used herein, “Permitted Omissions” shall mean the offering price, interest rate, selling compensation, aggregate principal amount, principal amount per maturity, delivery dates, ratings, the identity of the underwriters or the insurer, if any, and other terms of the Series 2020A Certificates depending on such matters.
The interest portion of the Basic Lease Payments represented by the Series 2020A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since the Series 2020A Certificates are rated within the three highest rating categories by a nationally recognized rating service.
The City will, in addition, adopt such other ordinances or resolutions and take such other actions as may be necessary to comply with the Code and with all other applicable future laws, regulations, published rulings and judicial decisions, in order to ensure that the Interest Portion of the Basic Rent with respect to the Series 2020A Certificates will remain excluded from gross income for federal income tax purposes, to the extent any such actions can be taken by the City.
The Series 2020A Certificates of Participation were issued in order to refund the Series 2010A Certificates of Participation and refinance the educational facilities that the School Board acquired, constructed and installed from the proceeds of the 2010A Certificates of Participation.