Examples of Refunded Bonds in a sentence
The District hereby irrevocably instructs the Escrow Bank to give notice of redemption with respect to the Refunded Bonds in accordance with the Resolution, not less than 30 days prior to August 15, 2023.
Such moneys in the Escrow Fund, will be sufficient to pay the interest on, and the redemption price of, the Refunded Bonds, as shown in the Escrow Fund Cash Flow set forth in Schedule C hereto.
The Escrow Bank acknowledges that upon the funding of the Escrow Fund as provided in this Agreement and the receipt of the Verification Report described in Section 1(b) of this Agreement, it is in receipt of the items constituting all of the conditions precedent to the defeasance of the Refunded Bonds under the Resolution.
This Agreement shall commence upon its execution and delivery and shall terminate on the later to occur of either (i) the date upon which the Refunded Bonds have been paid in accordance with this Agreement, or (ii) the date upon which no unclaimed moneys remain on deposit with the Escrow Bank and all amounts owed to the Escrow Bank shall have been paid in full.
All securities, investments and moneys in the Escrow Fund are hereby irrevocably pledged, subject to the provisions of Section 2 hereof, to secure the payment of the Refunded Bonds.