Examples of Series B-1 Bonds in a sentence
The Series B-1 Bonds and the Series B-2 Bonds shall be substantially in the forms set forth in Exhibit A and Exhibit B, respectively, hereto with such variations, omissions and insertions as are permitted or required by this Indenture.
With respect to the Series B-1 Bonds, no notice of optional redemption shall be mailed to Owners of Bonds until money sufficient to pay the optional redemption price (including accrued and unpaid interest and premium, if any) of the Bonds to be prepaid shall have been deposited with the Trustee.
The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series B-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment.
The Series B-1 Bonds will be current interest bonds and shall bear interest at a rate of six percent (6.00%) per annum payable semi-annually, with an expected repayment of thirty-four (34) years from the Effective Date and an expected weighted average life of 21.81 years from the Effective Date, in each case based upon 2022 Fiscal Plan Projections.
Series B Bonds shall be issued in two subseries: Series B-1 Bonds; and Series B-2 Bonds.
A portion of the 2017 Series B-1 Bonds was sold at a premium generating$1,004,000 which will be used to fund bond expenses.
The 2017 Series B-1 Bonds will be used to fund certain qualifying mortgage loans under the Single Family Mortgage Program.
The notice shall state the Mandatory Purchase Date, the Purchase Price and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date.
The fixed rate 2011 Series B-1 Bonds were issued in the amount of $21,240,000, the 2011 Series B-2 Bonds were issued in the amount of $5,100,000, and the 2011 Series C Bonds were issued in the amount of $1,980,000.
If 2017 Series B-1 Bonds to be purchased are not delivered by the Owners to the Remarketing Agent or the Paying Agent, as applicable, by 4:00 p.m., New York City time, on the Purchase Date or the Mandatory Purchase Date, as the case may be, the Paying Agent shall hold any funds received for the purchase of those Bonds in trust in a separate account and shall pay such funds to the former Owners of such Bonds upon presentation of such Bonds.