Examples of Series A-2 Bond in a sentence
Subject as follows, (i) payments of principal and interest in respect of each Bond will be made against presentation and surrender (or, in the case of part payment only, endorsement) of the Bond and (ii) payments of Subordinated Interest and Deferred Subordinated Interest (if any) in respect of the each Series A2 Bond will be made against presentation and endorsement of the Series A2 Bond.
The portion of principal not amortised shall be amortised on the following Payment Date along with the Series A2 Bond instalment, if any, that should be amortised on that same Payment Date.
If the Series designation of any 2022 Series A-2 Bond is changed on an Interest Method Change Date pursuant to Section 5.1 hereof, such 2022 Series A-2 Bond shall thereafter bear such new Series designation.
Continuously monitor ground and environmental conditions for change.
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.
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.
If the failed change in Mode was from the Term Rate Mode and for which the Liquidity Facility was in effect for the 2024 Series A-2 Bond to be changed, the applicable 2024 Series A-2 Bond shall be changed to the Weekly Mode.
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).
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 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.