The 2020 Bonds Sample Clauses

The 2020 Bonds. The Authority shall cause the 2020 Bonds to be issued under the Indenture. The Trustee shall deposit the proceeds of sale of the 2020 Bonds received by it on the Closing Date in accordance with the Indenture. The City hereby approves the Indenture, the assignment thereunder to the Trustee of certain rights of the Authority, and the issuance of the 2020 Bonds.
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The 2020 Bonds. Section 2.01. Principal Amount; Designation 11 Section 2.02. Terms of the 2020 Bonds 11 Section 2.03. Redemption 12 Section 2.04. Form of Bonds 14 Section 2.05. Execution of Bonds 15 Section 2.06. Transfer of Bonds 15 Section 2.07. Exchange of Bonds 15 Section 2.08. Bond Register 16
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The 2020 Bonds. The 2020 Bonds shall be as described in, and shall be issued pursuant to, a resolution entitled “Housing Impact Bonds Bond Resolution” adopted by the Members of the Corporation on November 26, 2019 (the “General Resolution”), a supplemental resolution for the 2020 Series C Bonds entitled “Third Supplemental Resolution Authorizing the Issuance of Housing Impact Bonds, 2020 Series C” (the “2020 Series C Supplemental Resolution”) and a supplemental resolution for the 2020 Series D Bonds entitled “Fourth Supplemental Resolution Authorizing the Issuance of Housing Impact Bonds, 2020 Series D” each adopted by the Members of the Corporation on _, 2020 (the “2020 Series D Supplemental Resolution” and, together with the 2020 Series C Supplemental Resolution and the General Resolution, the “Resolutions”), with only such changes in the Resolutions as shall be mutually agreed upon between the Corporation and Xxxxx Fargo Bank, National Association, as representative of the Underwriters (the “Representative”). The 2020 Bonds shall be issued in accordance with the provisions of the Resolutions and secured as described therein and in the Official Statement. The proceeds of the 2020 Bonds are expected to be used by the Corporation to finance a mortgage loan (the “2020 Mortgage Loan”), in a principal amount of $ , secured by Supplemental Security in the form of a standby irrevocable transferrable credit enhancement instrument to be issued by Xxxxxx Xxx (the “Xxxxxx Xxx Standby Credit Enhancement Instrument”), to enable PACT Renaissance Collaborative LLC (the “2020 Borrower”) to pay a portion of the cost of acquiring, rehabilitating and equipping 1,718 units in 41 tenant-occupied public housing buildings located in the Borough of Manhattan, New York and converting the same to Section 8 supported multi-family residential facilities (collectively, the “2020 Developments”) and to pay certain other costs related thereto. At the time of issuance thereof, the Corporation has issued its Housing Impact Bonds 2020 Series A and Housing Impact Bonds 2020 Series B, both of which are outstanding under the General Resolution. The General Resolution permits the issuance of additional Bonds on a parity with the 2020 Bonds. If issued, such Bonds would be entitled to the same benefits and security of the General Resolution as the 2020 Bonds.
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Related to The 2020 Bonds

  • The Bonds Each Class of Bonds shall be registered in the name of a nominee designated by the Depository. Beneficial Owners will hold interests in the Bonds through the book- entry facilities of the Depository in minimum initial Bond Principal Balances of $25,000 and integral multiples of $1 in excess thereof. The Indenture Trustee may for all purposes (including the making of payments due on the Bonds) deal with the Depository as the authorized representative of the Beneficial Owners with respect to the Bonds for the purposes of exercising the rights of Holders of the Bonds hereunder. Except as provided in the next succeeding paragraph of this Section 4.01, the rights of Beneficial Owners with respect to the Bonds shall be limited to those established by law and agreements between such Beneficial Owners and the Depository and Depository Participants. Except as provided in Section 4.08 hereof, Beneficial Owners shall not be entitled to definitive certificates for the Bonds as to which they are the Beneficial Owners. Requests and directions from, and votes of, the Depository as Holder of the Bonds shall not be deemed inconsistent if they are made with respect to different Beneficial Owners. The Indenture Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Bondholders and give notice to the Depository of such record date. Without the consent of the Issuer and the Indenture Trustee, no Bond may be transferred by the Depository except to a successor Depository that agrees to hold such Bond for the account of the Beneficxxx Owners.

  • Construction Bonds In accordance with 153.54, et. seq. of the Ohio Revised Code, the recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract;

  • Contract Bonds Contract bonds shall conform to the requirements of Section 103.05.

  • Performance Bonds Buyer shall have obtained, or caused to be obtained, in the name of Buyer, replacements for Seller’s and/or Seller’s Affiliates’ bonds, letters of credit and guarantees, and such other bonds, letters of credit and guarantees to the extent required by Section 7.05.

  • The Notes Section 2.01.

  • Savings Bonds 1. The Employer agrees to include employees in the existing system of payroll deduction through which an employee may purchase United States Savings Bonds.

  • Redemption of Bonds The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the applicable redemption provision of the Indenture. Such redemption date shall not be less than 45 days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

  • Interest on Floating Rate Notes (a) Interest Payment Dates Each Floating Rate Note bears interest from (and including) the Interest Commencement Date and such interest will be payable in arrear on either:

  • Bonds The Contractor shall furnish both a performance bond and a payment bond and shall pay the premiums thereon as a Cost of the Work. The Performance Bond shall guarantee the full performance of the Contract.

  • Surety Bonds No Trustee, officer, employee or agent of the Trust shall, as such, be obligated to give any bond or surety or other security for the performance of any of his duties, unless required by applicable law or regulation, or unless the Trustees shall otherwise determine in any particular case.

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