Examples of Series 2024 Bond in a sentence
Additional purchase of the Bonds in accordance with the Construction and Permanent Loan Agreement shall be made of the Series 2024 Bond until the maximum principal amount of 2024 Bond are issued as instructed by the Borrower pursuant to its Written Requisition.
Moneys on deposit in the Capitalized Interest Account shall only be used to make payments on the Bonds pursuant to Section 2.5 of the Loan Agreement and as otherwise provided in this Section 7.7. Not less than 95% of the bond proceeds representing net proceeds of the Series F-1 Bond or the Series 2024 Bond, as applicable, including Investment Income on moneys in the Project Fund, will be expended for Qualified Project Costs (the “95% Requirement”).
The Trustee shall use moneys in the Project Fund for the acquisition and rehabilitation of the Project, to pay other Qualified Project Costs (in connection with draws on the Series F-1 Bond or Series 2024 Bond, as applicable) and to pay other costs related to the Project as provided herein.
Upon the receipt of written direction from the Borrower or the date that is ninety (90) days following the Closing Date for the Series 2024 Bond, whichever date is earlier, the Trustee shall transfer all amounts remaining in the Costs of Issuance Fund to the Project Fund provided all the Costs of Issuance have been previously paid.
Upon initial issuance, the ownership of each such Series 2024 Bond shall be registered in the registry books of the Authority kept by the Trustee, in the name of Cede, as nominee of DTC.
If there is an identified commer- cial interest, the DoD Component will determine whether that is the primary interest furthered by the request.
The Bond and certificates shall be in substantially the following forms:(Form of Series 2024 Bond) THIS SERIES 2024 BOND WAS DELIVERED WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, OR OTHER SECURITIES LAWS, IN RELIANCE UPON THE AVAILABILITY OF AN APPROPRIATE EXEMPTION FROM ANY REGISTRATION OTHERWISE REQUIRED AND THE REPRESENTATION OF THE REGISTERED OWNER THAT THE BOND WAS BEING ACQUIRED SOLELY FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE.
The Town shall have the right and privilege of making extra payments or prepayments at any time, or of paying the entire Principal Balance of the Series 2024 Bond at any time, and in the event extra payments or prepayments are made, interest shall be charged thereafter only on the unpaid Principal Balance remaining due.
The Series 2024 Bonds will be issued as fully registered bonds, without coupons, in the form of current interest bonds in the denomination of $5,000 each or any integral multiple thereof, in an amount not to exceed the aggregate principal amount of Series 2024 Bonds maturing in the year of maturity of the Series 2024 Bond for which the denomination is specified.
Upon the initial issuance, the ownership of each Series 2024 Bond shall be registered in the name of the Securities Depository or the Securities Depository Nominee, and ownership thereof shall be maintained in Book-Entry Form by the Securities Depository for the account of the Participants thereof.