Examples of Term Rate Bonds in a sentence
The Bonds herein authorized, unless otherwise indicated, may be issued in the form of Fixed Rate Bonds, Daily Rate Bonds, Weekly Rate Bonds or Term Rate Bonds, all as provided in Section 2.02 hereof, the Award Certificate and in the FORMS OF BONDS set forth Exhibit A hereto.
In the event the Authorized Representative determines to enter into one or more Credit Agreements in connection with any Term Rate Bonds as authorized by Section 7.11 hereof (which determination may be made in connection with the initial issuance of Term Rate Bonds and in connection with any Conversion of Bonds to a Term Rate Mode), such determination shall be set forth in each Award Certificate and Conversion Certificate with respect to such Bonds, as applicable.
The 2013 current interest bonds include $1,374,440 of Senior Term Bonds that mature in installments from January 2042 through January 2053; $375,000 of Term Rate Bonds that mature in installments from January 2050 through January 2053; and $198,050 of Junior Lien Bonds that mature in installments from January 2023 through January 2043.
If the Bonds are not remarketed, the Board shall provide, or shall cause to be provided, immediately available funds to purchase such Bonds, by 2:00 p.m. New York City time on the Purchase Date, and such Bonds shall constitute “Board-Held Bonds”; provided, however, the Board shall have no obligation to purchase any Term Rate Bonds for which the Authorized Representative has determined not to provide a Credit Agreement pursuant to Section 2.03(a)(C)(2) hereof.
Except as otherwise provided herein, notice of redemption shall be given by mail by the Trustee to the Remarketing Agent, the Paying Agent, the Owners of any Bonds designated for redemption in whole or in part and to the Securities Depository no less than fifteen (15) nor more than thirty (30) days (or thirty (30) days and forty-five (45) days, respectively, in the case of Term Rate Bonds or Fixed Rate Bonds) prior to the Redemption Date.