Examples of Series L Bonds in a sentence
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.
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 Collateral Series L Bonds shall be limited to an aggregate principal amount of Two Hundred Fifty Million dollars ($250,000,000) (less the aggregate principal amount of First Mortgage Bonds, Collateral Series K which remains outstanding), excluding any Collateral Series L Bonds which may be authenticated and exchanged for or in lieu of or in substitution for or on transfer of other Collateral Series L Bonds pursuant to any provisions of the Indenture.
The Collateral Series L Bonds shall be issued as fully registered bonds only, in denominations of $1,000 and multiples thereof.
The Collateral Series L Bonds may be executed by the Company and delivered to the Trustee and, upon compliance with all applicable provisions and requirements of the Indenture in respect thereof, shall be authenticated by the Trustee and delivered (without awaiting the filing or recording of this Supplemental Indenture) in accordance with the written order or orders of the Company.
Any term defined in Section 303 of the Trust Indenture Act of 1939, as amended, and not otherwise defined in the Indenture shall, with respect to this Supplemental Indenture and the Collateral Series L Bonds, have the meaning assigned to such term in Section 303 as in force on the date of the execution of this Supplemental Indenture.
In January 2010, the Port defeased $44,505 of Series L Bonds with maturity dates from 2020 to 2032 and $3,950 of Series N Bonds with maturity dates of 2010 and 2022 with proceeds from monies received from the Concession and Lease Agreement with Ports America Outer Harbor Terminal LLC.
The text of the Collateral Series L Bonds shall be substantially in the form attached hereto as Exhibit A.
As of June 30, 2010, the trustee held $48,455 in the escrow (along with interest earned in the escrow) to pay the remaining principal and interest on the defeased Series L Bonds and Series N Bonds until the call date of November 1, 2012.