Examples of Series B Bond in a sentence
The Company has incurred debt issuance costs from the Series A and Series B Bond offerings.
The interest rate on the Series A Bond and Series B Bond is 8.0% and 10.0%, respectively.The Company is currently holding the Series A Bond and Series B Bond and receiving the debt service thereon, which is payable from tax increments, hotel taxes and special hotel rental taxes generated from the development.
Any redemption of a Series B Bond will be at a price equal to the then outstanding principal on the Bonds being redeemed, plus any accrued but unpaid interest on such Bonds, plus any Contingent Interest Payment due to such holder of Series B Bonds.
The 2014 Series B Bond has an issuance principal of $38,230,000, bearing interest at rates from 4.00% to 5.00%.
While the fair value of the Series B Bond decreased to less than its carrying value during 2011 due to a change in the timing of the debt service payments, the Company has the intent and ability to hold this bond to maturity and expects to receive all debt service payments due under the note.
The Series A Bond and the third bond issuance, with a face value of $50 million (“Series B Bond”), were delivered to the Company upon substantial completion and opening of the Gaylord National on April 2, 2008.The Company is currently holding the Series A Bond and Series B Bond and receiving the debt service thereon, which is payable from tax increments, hotel taxes and special hotel rental taxes generated from the development.
On 16 October 2013, the Company and the Subscriber (Prosper Talent Limited) entered into the Subscription Agreement in respect of the issue of and subscription for the Convertible Bonds to be issued in two tranches in an aggregate principal amount of HK$200 million in cash, comprising of the Series A Bond and the Series B Bond.
Notwithstanding the foregoing, if interest on any Series B Bond is in default at the time of authentication thereof, such Series B Bond will bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon.
The Managing Member has incurred and will continue to incur organizational and offering expenses which are reimbursable from the Company, up to a maximum of 2% of total gross proceeds from the Series A and Series B Bond offerings.
Following the Series A Bond and Series B Bond being fully redeemed, the Company has no outstanding convertible bonds.