Examples of Bond Interest Rate in a sentence
At the option and discretion of Developer, the Bonds may bear interest at (i) zero percent (0%) from their date of issuance until construction activities on the Project have been completed (“Substantial Completion”) or (ii) at the Bond Interest Rate (as hereinafter defined) from their date of issuance throughout the term of the Bonds.
After the Project has been assessed and is generating TIF Revenues the Bonds will (i) bear interest at the Bond Interest Rate and (ii) be in accordance with the City authorizations relating to the Bonds.
At the option and discretion of Company, the Mixed-Use Bonds may bear interest at (i) zero percent from their date of issuance until Substantial Completion (and, thereafter, at the Bond Interest Rate (as hereinafter defined)); or (ii) at the Bond Interest Rate from their date of issuance throughout the Bond Term.
After the Mixed-Use Project has been assessed and is generating increment, the Mixed-Use Bonds will (i) bear interest at the Bond Interest Rate and (ii) be in accordance with the town authorizations relating to the Mixed-Use Bonds.
After the Project has been assessed and is generating increment, the Bonds will (i) bear interest at the Bond Interest Rate and (ii) be in accordance with the City authorizations relating to the Bonds.