Examples of 2018B Bonds in a sentence
Other than the 2018A Bonds and 2018B Bonds, there are no liens or encumbrances of any nature whatsoever on or against the System, or any part thereof, or on or against the Net Pledged Revenues on a parity with or superior to the lien thereon of this Agreement and the Note.
Upon the execution and delivery of this Agreement, except for the Financing Documents and the 2018A Bonds and 2018B Bonds, the Enterprise will have no other Debt outstanding payable from or secured by the Net Pledged Revenues or any portion thereof.
The Series 2018A Bonds shall mature no later than December 1, 2042, and the Series 2018B Bonds shall mature no later than December 1, 2032.
The 2018B Bonds shall be lettered “RB” and shall be numbered separately from 1 upward.
The price at which the Series 2018A Bonds will be sold to the Underwriters shall not be less than 98% of the aggregate principal amount of the Series 2018A Bonds; and the price at which the Series 2018B Bonds will be sold to the Underwriters shall be not less than 98% of the aggregate principal amount of the Series 2018B Bonds.
The net effective interest rate on the 2018A Bonds shall not exceed 5.45%; and the net effective interest rate on the 2018B Bonds shall not exceed 5.45%.
For purposes of determining the amount of moneys that shall be held in the Light and Power Fund to pay Operation and Maintenance Expenses, the Enterprise may take into consideration the proceeds of the 2018B Bonds, if any, that are on deposit in the 2018B Project Fund that will be applied to pay Operation and Maintenance Expenses.
The proceeds of the bonds were used to accelerate the construction of transportation projects and pay the costs of issuing the 2018B Bonds.
The 2018B Bonds shall be numbered from 2018BR- 1 upwards and the Series 2018C Bonds shall be numbered from 2018CR-1 upwards; the 2018 Bonds shall be initially registered to the Depository Trust Company or its nominee, and the provisions of Section 3.07 of the 2016 General Revenue Bond Ordinance shall be applicable tothe 2018 Bonds.
The estimated sources and uses of the Series 2018B Bonds are as follows: Sources of FundsPar Amount of Series 2018B Bonds$3,410,000.00 INTEREST – SERIES 2018B BONDS Interest on the Series 2018B Bonds will be payable on December 1, 2018 and semiannually on the 1st day of June and December thereafter.