PAC Bonds definition

PAC Bonds means those bonds issued by the ARA to partially fund construction of the Fox Cities Performing Arts Center.

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PAC Bonds means the 2023 Series N-1 Bonds maturing on November 1, 2053. “Purchase Date” means (i) for a 2023 Series N-2 Bond in the Daily Mode or the Weekly Mode, any Business Day selected by the owner of such Bond pursuant to the provisions of Section 7.1 of this Series Indenture and (ii) for a 2023 Series N-2 Bond in the Term Rate Mode, the last day of the Interest Period for such Bond (or the next Business Day is such last day is not a Business Day), but only if the Owner thereof shall have elected to have such ▇▇▇▇ purchased on such date pursuant to Section 7.3 of this Series Indenture.

PAC Bonds means, collectively, the Issue 2024-2A PAC Bonds, the Issue 2024-2B PAC Bonds and the Issuer 2024-2C PAC Bonds.]

Examples of PAC Bonds in a sentence

If the 2024 Series C-2 PAC Bonds are redeemed on a date other than an Interest Payment Date, the Applicable Outstanding Amounts as of such redemption date will be determined by straight-line interpolation between the Applicable Outstanding Amounts for the Interest Payment Dates immediately preceding and succeeding such redemption date.
The 2017 Series A Bonds and the PAC Bonds are subject to optional redemption by the Authority, in whole or in part, in Authorized Denominations on any date on or after November 1, 2026, at a Redemption Price equal to the principal amount thereof plus accrued interest, if any, thereon to the date of redemption.
The 2024 Series C-2 PAC Bonds are also subject to redemption from any sources other than Directed Principal Receipts only if such redemption will not reduce the outstanding principal amount of the 2024 Series C-2 PAC Bonds to an amount less than the Applicable Outstanding Amount.
The Authority may elect to redeem 2024 Series C-2 PAC Bonds from Directed Principal Receipts on a date other than an Interest Payment Date by directing the Trustee to transfer such Directed Principal Receipts to the Redemption Account and providing notice of redemption in accordance with Section 3.6 hereof.
Notwithstanding the provisions of paragraph (E) of Section 5.5(d)(i) of the Master Indenture, no moneys in the 2018 Series C subaccount of the Revenue Fund shall be deposited into the 2018 Series C subaccount of the Loan Recycling Account until there has been deposited into the 2018 Series C subaccount of the Class I Special Redemption Account amounts sufficient to redeem PAC Bonds pursuant to clause FIRST of paragraph (b) of this Section 3.1 for the applicable semiannual period.

More Definitions of PAC Bonds

PAC Bonds means the Issue 2019-4A Bonds in the aggregate principal of $ maturing .]

PAC Bonds means, collectively, the Issue 2020-1A PAC Bonds and the Issue 2020-1B PAC Bonds.

PAC Bonds means the Issue 2020-2 Bonds in the aggregate principal amount of $ maturity on .]

PAC Bonds means, collectively, the Issue 2018-3A PAC Bonds and the Issue 2018-3C PAC Bonds.]

PAC Bonds means, collectively, the Issue 2022-1A PAC Bonds and the Issue 2022-1B PAC Bonds .]

PAC Bonds means the 2024 Series D-1 Bonds maturing on November 1, 2050. “Premium Serial Bonds” means the 2024 Series D-1 Bonds maturing on November 1, 2026, November 1, 2027, November 1, 2031 and November 1, 2032.

PAC Bonds means, collectively, the Issue 2021-1A PAC Bonds and the Issue 2021-1B PAC Bonds .]