Examples of Authority Notes in a sentence
Notwithstanding anything to the contrary contained herein or in any series of notes or in any other document mentioned herein or related to the Notes or to any Series of Authority Notes to which the Notes are assigned, neither the County nor the District shall have any liability hereunder or by reason hereof or in connection herewith or with the transactions contemplated hereby except to the extent payable from moneys available therefor as set forth in Section 11 of the Resolution of the District.
The Remarketing Agent shall set the interest rates on the Authority Notes and perform the other duties provided for in Section 2.03 (c), (d) and (f) and shall remarket Authority Notes as provided in Section 4.07 hereof.
The Authority, with the advice of the Borrower, shall appoint the Remarketing Agent for the Authority Notes prior to the commencement of any Interest Rate Period other than an Index Interest Rate Period, subject to the conditions set forth in Section 8.11 hereof.
The money held by the Trustee for the payment of the interest, principal, premium or Purchase Price due on any date with respect to particular Authority Notes (or portions of Authority Notes in the case of registered Authority Notes redeemed or tendered in part only) shall, on and after such date and pending such payment, be set aside on its books and held by it uninvested in trust for the Holders of the Authority Notes entitled thereto, subject, however, to the provisions of Section 10.04 hereof.
The Authority Notes are subject to redemption if and to the extent the Borrower is entitled to make and makes, or is required to make, a prepayment pursuant to Articles IV or VII of the Agreement.
The Trustee shall give notice to Holders of the Authority Notes, as provided in the Indenture, prior to any change in the Interest Rate Period.
If the LIBOR Index Rate is not determined by the Calculation Agent on the Computation Date, the rate of interest born on the Authority Notes shall be the rate in effect for the immediately preceding Interest Payment Period until the Calculation Agent next determines the LIBOR Index Rate in accordance with the provisions hereof.
Both the principal of and premium, if any, on the Authority Notes shall be payable upon surrender thereof in lawful money of the United States of America at the Corporate Trust Office of the Trustee.
The Authority hereby declares that it would have entered into this Indenture and each and every other Section, paragraph, sentence, clause or phrase hereof and authorized the issuance of the Authority Notes pursuant thereto irrespective of the fact that any one or more Sections, paragraphs, sentences, clauses or phrases of this Indenture may be held illegal, invalid or unenforceable.
Notwithstanding any other provision of this Indenture, the benefits under any Alternate Letter of Credit or Alternate Credit Facility shall apply only to the Authority Notes for which such Alternate Letter of Credit or Alternate Credit Facility was issued; moneys in the account created by Section 4.07(g) hereof shall be held solely for the benefit of the former Holders of Authority Notes as provided in Section 4.07(g); and the Tender Proceeds shall be held in trust as provided in Section 4.07(c)(1).