Examples of Unremarketed Bonds in a sentence
Unremarketed Bonds are subject to special mandatory redemption by the Borrower, at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed plus accrued interest thereon to but not including the date of such redemption, on the dates, in the amounts and in the manner set forth in the Continuing Covenant Agreement.
The Authority has not entered into any Swap Contract relating to Debt (i) wherein any termination payment thereunder is senior to or on a parity with the payment of the Bonds (including Unremarketed Bonds) or the other Obligations or (ii) which requires the Authority to post cash collateral to secure its obligations thereunder.
Unremarketed Bonds shall bear interest at the Purchaser Rate determined in accordance with the terms and provisions of the Agreement relating to such Unremarketed Bonds, as more fully set forth in Section 2.07.
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Notwithstanding anything in this Indenture to the contrary, in the event the Bonds are not purchased or remarketed on a Direct Purchase Period Purchase Date, such Bonds shall constitute Unremarketed Bonds and such Unremarketed Bonds shall bear interest at the rates and shall be payable and redeemed on the dates and in the amounts set forth in the Continuing Covenant Agreement.