Examples of Series L Bonds in a sentence
See, e.g., InsuranceAgreement for PRHTA Series AA Bonds § 1(g); Insurance Agreement for PRHTA Series N Bonds § 5; Insurance Agreement for Series L Bonds § 4.
FISCAL IMPACTThe Series L Bonds will be general obligations of the San Diego Unified School District to be paid from ad valorem property taxes levied within the boundaries of the District, and do not constitute an obligation of the County.
Today’s recommendation requests adoption of a resolution for issuance of the Series L Bonds.
The District has received a qualified certification in its most recent interim report and thereby has requested that the County sell the Series L Bonds on its behalf as required by Section 15140 of the Education Code.
The Series U Bonds shall be issued in an aggregate principal amount that does not exceed the amounts necessary to defease the Series L Bonds to be refunded, plus amounts necessary to provide money for debt service reserves, credit enhancement or other costs incidental to the issuance of the Series U Bonds.
The Corporation hereby designates the 2021 Series L Bonds as Bonds to which the Corporation intends the provisions of Section 7.9 of the General Resolution not to apply.
The following event is hereby declared a “2021 Series L Event of Default” with respect to the 2021 Series L Bonds: so long as no Liquidity Facility is in effect with respect to a 2021 Series L Bond, payment of the Purchase Price of such 2021 Series L Bond (other than any Bank Bond) tendered in accordance with Appendix A hereto shall not be made when and as the same shall become due.
Except as otherwise provided in Section 2.6 hereof, interest on the 2021 Series L Bonds shall be paid by check or draft of the Trustee mailed to the registered owners thereof as of the applicable Record Date at their respective addresses as shown on the registration books of the Corporation maintained by the Trustee.
The Mortgage Loans made subject to the lien of the General Resolution in connection with the issuance of the 2021 Series L Bonds are the 2021 Series L Mortgage Loans.
The 2021 Series L Bonds shall be special revenue obligations of the Corporation payable solely from the revenues and assets pledged therefor pursuant to the General Resolution.