Series A-2 Bond definition
Examples of Series A-2 Bond in a sentence
The Remarketing Agent shall determine the Fixed Rate for a 2024 Series A-2 Bond in the Fixed Rate Mode in the manner and at the times as follows: Not later than 4:00 p.m., New York City time, on the Rate Determination Date for such Bond, the Remarketing Agent shall determine the Fixed Rate for such Bond and shall notify the Paying Agent of each Fixed Rate by Electronic Means on the Rate Determination Date.
If the two (2) arbitrators appointed by the parties fail to appoint a third (3rd) arbitrator or so to notify the Parties within the time period prescribed above, then the appointment of the third (3rd) EXHIBIT 2.1 ----------- 38 43 arbitrator shall be made by the American Arbitration Association, which shall promptly notify the Parties of the appointment.
The New Mode for a 2024 Series A-2 Bond shall commence on the Mode Change Date for such Bond and the interest rate shall be determined by the Remarketing Agent (or the Authority in the case of the Interest Period for a 2024 Series A-2 Bond converted to the Term Rate Mode) in the manner provided in Sections 2.7 and 2.8 of this Series Indenture, as applicable.
The Fixed Rate for a 2024 Series A-2 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent pursuant to the provisions of Section 2.8(b) of this Series Indenture.
Upon any change in Mode of the Adjustable Rate Tax-Exempt Bonds and the Adjustable Rate Taxable Bonds, a new form of 2002 Series A-1 Bond, 2002 Series A-2 Bond or 2002 Series A-3 Bond, as applicable, shall be prepared, if and to the extent necessary, which contains the terms of the 2002 Series A-1 Bonds, 2002 Series A-2 Bonds or 2002 Series A-3 Bonds applicable in the new Mode.
If, however, there was no Liquidity Facility in effect for such 2024 Series A-2 Bond to have been changed from the Term Rate Mode, then such 2024 Series A-2 Bond shall stay in the Term Rate Mode for an Interest Period ending on the next Stated Interest Payment Date and shall bear interest at the applicable Alternate Rate.
If the failed change in Mode was from the Daily Mode, the applicable 2024 Series A-2 Bond shall remain in the Daily Mode, and if the failed change in Mode was from the Weekly Mode, the applicable 2024 Series A-2 Bond shall remain in the Weekly Mode, in each case with interest rates established in accordance with the applicable provisions of Section 2.7 of this Series Indenture on and as of the failed Mode Change Date.
Continuously monitor ground and environmental conditions for change.
At the option of the Authority, a 2024 Series A-2 Bond may be changed to the Fixed Rate Mode as provided in this Section 2.10(b).
Such notices of tender shall state the CUSIP number, Bond number and the principal amount of such 2024 Series A-2 Bond and that such 2024 Series A-2 Bond shall be purchased on the Purchase Date specified above.