Examples of Refunded Notes in a sentence
Furthermore, neither the Note nor the interest thereon shall be or constitute a lien upon the projects financed or refinanced by the Refunded Notes or upon any other property of or in the City other than the Pledged Funds in the manner provided herein.
The proceeds of the Note shall first be applied by the City to pay the costs of preparation and issuance of the Note and thereafter shall be used to effectuate the refunding of the Refunded Notes.
WHEREAS, the City has determined that it is necessary, desirable and in the best interest of the City that the City undertake the refunding of the Refunded Notes.
The proceeds of the Note will be sufficient to redeem the Refunded Notes on the date scheduled for their redemption, and to pay the costs of issuing the Note, SECTION 14.
The City has requested a proposal to provide the City with the necessary financing (the "Loan") to refund the City’s outstanding Water and Sewer Revenue Notes, Series 2015 (the "Refunded Notes").