Bond Anticipation Note definition
Examples of Bond Anticipation Note in a sentence
The 2017 Note is hereby authorized to be issued for the purposes enumerated in the recitals hereto to be designated “Lakewood Ranch Stewardship District Bond Anticipation Note, Series ▇▇▇▇ (▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Project).” The 2017 Note will be issued as a revolving, draw-down note pursuant to Section 203 hereof and on the date of delivery of the 2017 Note the Outstanding principal amount of the 2017 Note shall be $1,615,088.
The Authority has determined to issue Revenue Bonds designated as the Water System Revenue Bond Anticipation Note, Series 2024 (the “2024 Note”) and use the proceeds thereof to finance the acquisition, construction, reconstruction, improvement, enlargement and betterment of a 26.7 MGD water treatment plant and facilities related thereto (the “2024 Project”) and the cost of issuing the 2024 Note.
For these services, ▇▇▇▇▇▇▇▇▇ will charge a fee of $40,000 for the Bond Anticipation Note.
The Authority has determined to issue Revenue Bonds designated as the Water System Revenue Bond Anticipation Note, Series 2025 (the “2025 Note”) and use the proceeds thereof to finance the acquisition, construction, reconstruction, improvement, enlargement and betterment of a 26.7 MGD water treatment plant and facilities related thereto (the “2025 Project”) and the cost of issuing the 2025 Note.
As a result, UPRD has decided to accelerate its purchase of the RF by a Bond Anticipation Note (“BAN”), which does not require validation.