Examples of Series J Bonds in a sentence
Series J Bonds November 15, 1951 and Additional Provisions November 15, 1951(a)(b)(c)........
In order to provide funds to finance a portion of the Cost of the Project, the Issuer, concurrently with the execution of this Agreement, will issue, sell, and deliver the Series J Bonds.
The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to make a loan to the Company in the principal amount of FIVE MILLION DOLLARS ($5,000,000), equal to the proceeds received by the Issuer from the sale of the Series J Bonds.
The Collateral Series J Bonds shall be issued as fully registered bonds only, in denominations of $1,000 and multiples thereof.
Disbursement of the entire $5,000,000 of proceeds from the sale of the Series J Bonds shall be made from the Series J Account to refund the Series I Bonds, upon receipt by the Trustee of a requisition signed by a Company Representative stating with respect to such disbursement to be made: (1) that it is requisition no.
As provided in the 1993 Mortgage, the Collateral Series J Bonds will be registered in the name of the 1993 Mortgage Trustee or its nominee and will be owned and held by the 1993 Mortgage Trustee, subject to the provisions of the 1993 Mortgage, for the benefit of the holders of all securities from time to time outstanding under the 1993 Mortgage, and the Company shall have no interest therein.
Section 3.1. Agreement to Issue the Series J Bonds: Application of Series J Bond Proceeds.
After the date hereof, neither the Company nor any Subsidiary or Affiliate shall incur additional Indebtedness having a Lien on the Project Facility or any part thereof senior to any lien securing the Series J Bonds or the obligations of the Company or any Subsidiary or Affiliate under this Agreement or any of the Loan Documents.
The Company shall not permit any such leasing, subleasing or assigning of leases of all or any part of the Project that would impair the excludability of interest paid on the Series J Bonds from the gross income of the Owners thereof for purposes of federal income taxation, or that would impair the ability of the Company to assure the continued operation of the Project, or would cause the Project not to be operated, as an authorized project under the Act.
The portion of the Series I Bonds or Series J Bonds, as applicable, subject to redemption shall be redeemed on the fifth Business Day following receipt by the Trustee of such Series I or J Redemption Demand.