Examples of Existing Bonds in a sentence
Cancellation of Existing Bonds, Bond Documents, COPs and COP Documents.
Cancellation of Existing Bonds and, Bond Documents, COPs and COP Documents.
As soon as possible after the Issue Date, the Issuing Agent shall transfer the Net Proceeds to the Escrow Account and the Issuer shall transfer any additional amount to the Escrow Account as required to procure that the funds standing to the credit of the Escrow Account, after such transfers, are equal to or higher than the final redemption amount (including interest and any prepayment premium) of the Existing Bonds times one point zero one (1.01) (the “ Redemption Amount”).
Upon fulfilment of the Conditions Precedent, the Redemption Amount standing to the credit of the Escrow Account shall without delay be transferred to the Issuer and firstly be applied towards the redemption of the Existing Bonds in full (including accrued interest and any prepayment premium) and secondly be applied towards acquisitions and investments in real estate development projects and other general corporate purposes.
The uses will include payments to the indenture trustee and paying agent on account of the District’s obligations under the documents evidencing or otherwise securing the Existing Bonds.