Description and Purpose of the Bonds. The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture, dated as of July 1, 2012, as amended and supplemented by the First Supplemental Indenture, dated as of July 1, 2013 (together, the “Master Indenture”), and the Second Supplemental Indenture, dated as of April 1, 2014 (the “Second Supplemental Indenture” and, together with the Master Indenture, the “Indenture”), by and between the Authority and Xxxxx Fargo Bank, N.A., as Trustee (the “Trustee”). The Bonds are subject to redemption as provided in Schedule I attached hereto and the Indenture. The Authority previously issued four series of bonds which are outstanding pursuant to the Master Indenture (together, the “Prior Bonds”). In connection therewith, the City leases to the Authority certain real property and all improvements thereon (the “Original Leased Property”) pursuant to the Site Lease, dated as of July 1, 2012, as amended by the First Amendment to Site Lease, dated as of July 1, 2013 (together, the “Master Site Lease”), by and between the City and the Authority. The Authority also leases certain real property (the “MTS Property”) from the San Diego Metropolitan Transit System (the “MTS”) pursuant to the MTS Site Lease, dated as of July 1, 2013 (the “MTS Site Lease”), by and between the Authority and the MTS. Pursuant to the Facilities Lease, dated as of July 1, 2012, as amended by the First Amendment to Facilities Lease, dated as of July 1, 2013 (together, the “Master Facilities Lease”), by and between the Authority and the City, the City subleases the Original Leased Property and the MTS Property from the Authority. The Bonds will be delivered as Additional Bonds (as defined in the Master Indenture) under the Indenture. In connection with the issuance of the Bonds, the City will enter into the Second Amendment to Site Lease, dated as of April 1, 2014 (the “Second Amendment to Site Lease” and, together with the Master Site Lease, the “Site Lease”), by and between the City and the Authority, pursuant to which the City will lease the Original Leased Property and certain other additional property and improvements thereon (collectively, the “City Property”) to the Authority. The City will lease the City Property and the MTS Property (collectively, the “Leased Property”) from the Authority pursuant to the Master Facilities Lease as amended by the Second Amendment to Facilities Lease, dated as o...
Description and Purpose of the Bonds. The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture, dated as of July 1, 2015 (the “Indenture”), by and between the Authority and Xxxxx Fargo Bank, N.A., as Trustee (the “Trustee”). The Bonds are subject to redemption as provided in Schedule I attached hereto and the Indenture. The Authority previously issued its Public Facilities Financing Authority of the City of San Diego, Lease Revenue Refunding Bonds, Series 2007A (Ballpark Refunding) in the aggregate principal amount of $156,560,000 (the “Refunded Bonds”) pursuant to an Indenture, dated as of March 1, 2007 (the “Prior Indenture”), between the Authority and the Trustee, as Trustee for the Refunded Bonds (the “Prior Trustee”). In connection with the issuance of the Bonds, the City will lease certain real property belonging to the City, together with the portion of the improvements located thereon that are owned by the City, consisting of the baseball park minus certain improvements owned by the San Diego Padres major league baseball team (the “Leased Property”), to the Authority pursuant to the Amended and Restated Site Lease, dated as of July 1, 2015 (the “Site Lease”), and the Authority will lease back the Leased Property to the City pursuant to the Amended and Restated Ballpark Facility Lease, dated as of July 1, 2015 (the “Facility Lease”). The Authority’s rights, title and interests in and to the Site Lease and the Facility Lease have been assigned by the Authority to the Trustee, and such assignment will be reaffirmed by the Authority pursuant a Third Reaffirmation of Assignment Agreement, dated as of July 1, 2015 (the “Assignment Agreement”), by and between the Authority and the Trustee. In connection with the refunding of the Refunded Bonds, the Authority and Xxxxx Fargo Bank, N.A., as escrow agent with respect to the Refunded Bonds (the “Escrow Agent”) will enter into an Escrow Agreement, dated as of July 1, 2015 (the “Escrow Agreement”). The Bonds are limited obligations of the Authority payable from and secured by Revenues held in the Revenue Fund (as defined in the Indenture) comprised primarily of all base rental payments made by the City pursuant to the Facility Lease (the “Base Rental Payments”), prepayments, insurance proceeds and condemnation proceeds. The proceeds of the sale of the Bonds will be used for the purpose of enabling the Authority to provide funds to (i) refund the...
Description and Purpose of the Bonds. The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture, dated as of [ ] 1, 2017 (the “Indenture”), by and between the Authority and Wilmington Trust, National Association, as trustee (the “Trustee”). The Bonds are subject to redemption as provided in the Indenture and as described in Schedule I attached hereto. The Bonds are limited obligations of the Authority payable from and secured by Revenues (as defined in the Indenture) held in the Revenue Fund comprised primarily of all Base Rental Payments, prepayments, insurance proceeds, and condemnation proceeds. Pursuant to a Site Lease, dated as of [ ] 1, 2017 (the “Site Lease”), by and between the City and the Authority, the City will lease to the Authority certain real property owned by the City (the “Site”), and pursuant to a Facilities Lease, dated as of [ ] 1, 2017 (the “Facilities Lease”), by and between the Authority and the City, the Authority will lease the Site and the Parking Facility (collectively, the “Leased Premises”) to the City, and the City will be required to make Base Rental Payments sufficient to pay debt service on the Bonds as provided in the Facilities Lease. The proceeds of the sale of the Bonds will be used for the purpose of enabling the Authority to provide funds to (i) assist the City in financing a portion of the costs of the acquisition, construction, installation and equipping of the Project, (ii) fund capitalized interest on the Bonds and (iii) pay certain costs of issuance associated with the Bonds.
Description and Purpose of the Bonds. The Bonds have been authorized pursuant to Articles 10 (commencing with Section 53570) and 11 (commencing with Section 53580) of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the “Code”) and a Resolution, adopted by the City Council of the City on , 2017 (the “Authorizing Resolution”). The Bonds shall be dated the date of delivery. The Bonds shall be issued and secured under and pursuant to the Indenture of Trust, dated as of June 1, 2017 (the “Indenture”), by and between the City and MUFG Union Bank, N.A., as trustee (the “Trustee”). The proceeds of the sale of the Bonds will be used to (i) refund and defease a portion of the outstanding bonds captioned “$59,490,000 Fillmore Public Financing Authority Revenue Bonds, Series 2007 (City of Fillmore Wastewater System Financing Project)” (the “Prior Bonds”), (ii) fund a debt service reserve fund for the 2017 Bonds, and (iii) pay certain costs of issuance associated with the Bonds. The Bonds will be secured under the provisions of the Code and the Indenture. The Bonds shall mature in the years, bear interest, be purchased at the prices and be subject to optional and mandatory redemption at the times and in the amounts, all as set forth in Schedule I attached hereto. The Authorized Denominations, Record Dates, Interest Payment Dates, Sinking Fund Payment Dates, and other details and particulars of the Bonds shall be as described in the Indenture and the Official Statement (as defined below) of the City. In order to effect the refunding of the Prior Bonds, the City has entered into an Escrow Agreement dated as of the Closing Date (the “Escrow Agreement”) between the City and MUFG Union Bank, N.A., the trustee for the 2007 Bonds, as escrow agent (the “Escrow Agent”).
Description and Purpose of the Bonds. The Bonds shall be issued pursuant to a Bond Ordinance adopted by the Town Council of Issuer (the “Council”) on July 19, 2021 (the “Bond Ordinance”). The Bonds are being issued to: (i) finance construction, replacement and update of current wastewater treatment facilities and related sanitary sewer system improvements; (ii) [fund the Reserve Account]; and (iii) pay the costs of issuance of the Bonds.
Description and Purpose of the Bonds. The Bonds shall be issued pursuant to an Indenture of Trust, dated as of November 1, 2017 (the “Indenture”), by and between the City and U.S. Bank National Association, as trustee (the “Trustee”). The Bonds are being issued to: (i) prepay a portion of three outstanding Installment Sale Agreements dated as of July 1, 1998, March 1, 2005 and January 1, 2007 (collectively, the “Prior Installment Sale Agreements”), respectively, each by and between the City and the Lompoc Public Financing Authority (the “Authority”), which together with the prepayment of the remaining portion of such Prior Installment Sale Agreements as a result of the concurrent issuance of the City’s Water Refunding Revenue Bonds 2017 Series A (the “Water Bonds”), will cause the redemption of the series of Authority bonds secured by each Prior Installment Sale Agreement (collectively, the “Prior Bonds”); (ii) fund a reserve fund for the Bonds; and (iii) pay costs of issuance of the Bonds. The issuance of the Bonds is contingent upon the concurrent issuance of the Water Bonds.
Description and Purpose of the Bonds. The Bonds have been authorized pursuant to Chapter 617, Section 1004.28 and Section 1010.62, Florida Statutes and other applicable provisions of law (the "Act"), a resolution adopted by the Board of Governors of the State of Florida (the "Board of Governors") on June 21, 2012 (the "Board of Governors Resolution"), a resolution adopted by the Board of Trustees of the University on , 2012 (the "University Resolution") and resolutions adopted by the Board of Directors of the Issuer on , 2012 and , 2012 (the "Issuer Resolutions," and together with the Board of Governors Resolution and the University Resolution, the "Resolutions"). The Bonds shall be dated their date of delivery. The Bonds shall be issued and secured under and pursuant to the Trust Indenture, dated as of 1, 2012 (the "Indenture"), by and between the Issuer and U.S. Bank National Association, as trustee (the "Trustee"). The proceeds of the sale of the Bonds will be used to (i) finance the acquisition, construction and installation of a new student housing facility which includes approximately 190,000 square feet and approximately 614 beds and related infrastructure (the "2012 Facilities"), [(ii) fund a deposit to the Series 2012 Account of the Reserve Fund,] (iii) pay capitalized interest on the Bonds, and (iv) pay certain costs of issuance associated with the Bonds. The Bonds will be secured under the provisions of the Act and the Indenture. The Bonds shall mature in the years, bear interest, be purchased at the prices and be subject to optional and mandatory redemption at the times and in the amounts, all as set forth in Schedule I attached hereto. The Authorized Denominations, Record Date, Interest Payment Dates and other details and particulars of the Bonds shall be as described in the Indenture and the Official Statement (as defined below) of the Issuer.
Description and Purpose of the Bonds. (a) The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture.
Description and Purpose of the Bonds. The Bonds have been authorized pursuant to Chapters 46A-1 and 46A-2, South Dakota Codified Laws, as amended (the “Act”) and the Series Resolution. The Bonds shall be dated the date of delivery. The Bonds shall be issued and secured under and pursuant to the Master Trust Indenture. The proceeds of the sale of the Bonds will be used to provide funds for loans to the City of Sioux Falls, South Dakota under the District’s Clean Water State Revolving Fund Program. The Bonds will be secured under the provisions of the Act and the Master Trust Indenture. The Bonds shall mature in the years, bear interest, be purchased at the prices and be subject to optional and mandatory redemption at the times and in the amounts, all as set forth in Schedule I attached hereto. The Authorized Denominations, Record Dates, Interest Payment Dates, Sinking Fund Payment Dates, and other details and particulars of the Bonds shall be as described in the Master Trust Indenture, the Series Resolution (including the Bond Order issued thereunder) and the Official Statement (as defined below) of the District.
