Examples of Adjustable Rate Bonds in a sentence
The Underwriter has agreed, subject to certain conditions, to purchase the Adjustable Rate Bonds from the Authority at an aggregate underwriter’s discount of$89,504 and to make an initial public offering of the Adjustable Rate Bonds at prices that are not in excess of the initial public offering prices set forth on the cover page of this Offering Circular.
The Adjustable Rate Bonds are being purchased for reoffering by Merrill Lynch, Pierce, Fenner & Smith Incorporated as the Underwriter.
The Underwriter will be obligated to purchase all the Adjustable Rate Bonds if any Adjustable Rate Bonds are purchased.The Adjustable Rate Bonds may be offered and sold to certain dealers (including the Underwriter) at prices lower than such public offering prices, and such public offering prices may be changed from time to time by the Underwriter.The delivery of the Adjustable Rate Bonds is contingent upon the delivery of all of the Series 2010 F Bonds.