Series A Authority Notes definition
Examples of Series A Authority Notes in a sentence
In the event the Series A Authority Notes are paid in full and all Predefault and Reimbursement Obligations due and owing with respect to such Series A Authority Notes have been satisfied, the provisions of the preceding paragraph will apply with the phrase “applicable Additional Credit Provider” substituted for the Series A Credit Provider.
The Trustee is hereby authorized and directed to authenticate the Series A Authority Notes in the aggregate principal amount of dollars ($ ).
To the extent the Trustee has not received any instruction with respect to the investment of funds in a Payment Account attributable to the Series A Authority Notes or a Proceeds Account attributable to the Series A Authority Notes, such amounts shall be invested by the Trustee in a money market fund offered by the Trustee or any of its affiliates meeting the requirements set forth in clause (4) of the definition of Permitted Investments herein.
The pledge and lien of this Section 1.03(a) is created and established to secure the payment of the principal of and interest on the Series A Authority Notes in accordance with the terms and the provisions of this Indenture.
The Trustee is hereby authorized to authenticate and deliver the Series A Authority Notes to the Representative thereof pursuant to the Purchase Contract applicable to the Series A Authority Notes, upon receipt of a written Request of the Authority, the Series of District Notes comprising the Pool securing the Series A Authority Notes and the proceeds of sale of the Series A Authority Notes.
The Series A Authority Notes shall be initially delivered in the form of one Series A Authority Note for the full principal amount thereof and shall be registered in the name of “Cede & Co.,” as nominee of DTC.
The Series A Authority Notes are designated as the “California School Finance Authority State Aid Intercept Notes (Fiscal Year 2020-21 School and Community College District Deferrals), Series A.” The aggregate principal amount of Series A Authority Notes which may be issued and Outstanding under this Indenture shall be dollars ($ ), exclusive of Authority Notes executed and authenticated as provided in Section 2.09.
These statements are to come from any of the criteria on which teachers are evaluated.
The Series A Authority Notes shall not be subject to prepayment or redemption prior to the Series A Principal Payment Date.
The Authority Notes to be issued under this Indenture are hereby created initially in one Series consisting of the Series A Authority Notes.