Refunded Prior Bonds definition

Refunded Prior Bonds means all or any portion of Prior Bonds that have been refunded with proceeds of Bonds issued under the Master Trust Agreement;
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Refunded Prior Bonds means all or a portion of each series of the Prior Bonds which are being refunded with the proceeds of the Bonds, together with other funds of the Trust, as set forth in Schedule A hereto;
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Refunded Prior Bonds means the Authority’s Wastewater Revenue Bonds, Refunding Series 2014 (Junior Lien), maturing on and after March 1, 2025. Series 2022 Bond means the Woodland Finance Authority Wastewater Revenue Bond, Refunding Series 2022 (Federally Taxable Convertible) issued hereunder. Series 2022 Installment Payments means the installment payments of interest and principal and the redemption premiums, if any, payable by the City under and pursuant to the Installment Purchase Contract as supplemented by the Second Supplemental Installment Purchase Contract with respect to the Series 2022 Bond and described in Section 10.3 (Installment Payments) thereof. Taxable Rate means 3.60% per annum. Tax-Exempt Rate means 2.845% per annum.
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Examples of Refunded Prior Bonds in a sentence

  • Upon payment in full of the principal, interest and redemption premium of the Refunded Prior Bonds, and all fees, expense and charges of the Escrow Bank as described above, this Agreement shall terminate and the Escrow Bank shall be discharged from any further obligation or responsibility hereunder.

  • Escrow Agreement means that certain Escrow Agreement dated as of March 1, 2021, to be entered into by and between the District and U.S. Bank National Association, as escrow agent, relating to the redemption of the Refunded Prior Bonds.

  • This Agreement may be amended by the parties hereto, but only if there shall have been filed with the District and the Escrow Bank a written opinion of Bond Counsel stating that such amendment will not materially adversely affect the interests of the owners of the Refunded Prior Bonds, and that such amendment will not cause interest on the Refunded Prior Bonds to become includable in the gross income of the owners thereof for federal income tax purposes.

  • Refunded Prior Bonds means the outstanding bonds of the District designated the “Santa Clara Unified School District (Santa Clara County, California) 2012 General Obligation Refunding Bonds” maturing July 1, 2023 through July 1, 2030, inclusive.

  • A report or other documentation (as required by Government Code section 53558) from a certified public accountant licensed to practice in California certifying the sufficiency of the proceeds of the Bonds and any other moneys to be deposited pursuant to the Escrow Agreement to pay and redeem the Refunded Prior Bonds and to pay the designated costs of issuance of the Bonds.

  • There is hereby created a fund (the “Escrow Fund”) to be held by the Escrow Bank as an irrevocable escrow securing the payment of the Refunded Prior Bonds, subject to and in accordance with the provisions of this Agreement.

  • The Escrow Bank shall not be liable for the recitals or representations contained in this Agreement and shall not be responsible for the validity of this Agreement, the sufficiency of the Escrow Fund or the moneys and Federal Securities or any substitute Federal Securities to pay the principal, interest and redemption premium on the Refunded Prior Bonds.

  • In October 2020, $1,989 of Sutter Health Taxable Bonds Series 2020A were issued by Sutter Health to advance refund $1,723 of tax-exempt revenue bonds (collectively, the Refunded Prior Bonds).

  • The proceeds of Sutter Health Taxable Bonds Series 2020A, together with the release of certain funds related to the Refunded Prior Bonds, were placed in escrow funds pursuant to the related escrow agreements with the related bond trustee.

  • The Council hereby determines that it is advisable to contract a debt and issue and sell its Bonds for the purpose of refunding the Refunded Prior Bonds, including the payment of redemption premium thereon, and financing the costs of issuing the Bonds.


More Definitions of Refunded Prior Bonds

Refunded Prior Bonds means the portion of the Prior Bonds which are refunded from the proceeds of the Refunding Bonds under the Escrow Agreements.
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Refunded Prior Bonds means, individually or collectively, as applicable, the portion of each of the Prior Bonds which are being refunded with a portion of the proceeds of the Bonds, as set forth in Schedule A hereto;
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Refunded Prior Bonds means the portion of the Prior Bonds which are being refunded with the Series 2010A Refunding Bonds as set forth in Schedule A hereto;
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Refunded Prior Bonds means the Series 1995 Refunding Bonds.
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Related to Refunded Prior Bonds

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Refinanced Debt has the meaning assigned to such term in the definition of “Credit Agreement Refinancing Indebtedness.”

  • Stated Maturity when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.