IUBC definition
Examples of IUBC in a sentence
The program coordinator will schedule quarterly updates from the Inter-Unit Benefits Committee (IUBC) representative or Montana State University Chief Human Resource Officer (MSUCHRO).
Any expenses of such discontinuance and transfer, including expenses of printing new certificates to evidence the Series 2017A Obligations, shall be paid by IUBC.
IUBC shall establish and maintain a separate account within the Series 2017A Project Fund known as the “Construction Account” (with separate subaccounts therein for the ▇▇▇▇▇▇▇▇ Museum of Art Renovation Project and the Memorial Stadium - Excellence Academy Project) and the “Expense Account”, to the credit of which deposits are to be made as required by Section 3.03(b).
IUBC and the Trustee may, in connection herewith, do or perform or cause to be done or performed any acts or things not adverse to the rights of the holders of the Series 2017A Obligations, as are necessary or appropriate to accomplish or recognize such book-entry form Series 2017A Obligations.
IUBC further agrees that it will not act in any other manner which would adversely affect the excludability from gross income for federal income tax purposes of the interest on any Series 2017A Obligations.
The Series 2017A Obligations maturing on or after June 1, 2028, are subject to optional redemption at any time on or after June 1, 2027, in whole or in part in the order of maturity (or portion thereof) designated by IUBC at a redemption price equal to the principal amount to be redeemed plus accrued interest to the date of redemption.
The Trustee agrees that it will undertake the duties of Agent as set forth therein and that those duties to be undertaken by either the Agent or IUBC in paragraphs 2, 3, 4 and 12 thereof shall be the responsibility of the Trustee, as Agent.
IUBC agrees to cause the Corporation to execute and deliver, concurrently with the delivery of the Series 2017A Obligations, a Continuing Disclosure Supplement (dated as of February 15, 2017) to the outstanding Amended and Restated Continuing Disclosure Undertaking Agreement.
Such opinions of bond counsel, counsel to IUBC, counsel to the Corporation, counsel to the Trustee and counsel to the underwriters as required by the Purchase Agreement.
The Trustee shall promptly notify the Corporation and IUBC in writing of the Series 2017A Obligations or portions thereof selected for redemption.