Examples of Series 20 Bonds in a sentence
Any amount so paid which is less than the full unpaid principal amount of the Series 20 Bonds shall be credited against the installment or installments of principal due on the Series 20 Note corresponding to the maturity of the Series 20 Bonds being redeemed, and shall also be a credit against any mandatory sinking fund obligation and the corresponding Series 20 Note obligation with respect thereto in the sequence in which such mandatory sinking fund obligation becomes due.
In the event the Trustee calls the Series 20 Bonds for extraordinary mandatory redemption pursuant to Section 5.1(b) of the Indenture, the Borrower shall deliver to the Trustee any insurance or condemnation proceeds related to the damage or condemnation of all or any portion of the Leased Premises.
The Borrower shall give the Trustee not less than forty-five (45) days prior written notice of any prepayment of the Series 20 Note pursuant to this Section 4.1, which notice shall designate the date of prepayment and the amount thereof, indicate the section or subsection pursuant to which prepayment shall occur, and direct the redemption of the Series 20 Bonds in the amounts corresponding to the Series 20 Note to be prepaid.
The extraordinary mandatory redemption of Series 20 Bonds with such proceeds shall be deemed prepayment of the Notes in the same amount as Series 20 Bonds redeemed.
The Series 20 Note may be prepaid, in whole or in part, without premium, plus in each case accrued interest to the date fixed for redemption, on such dates and in such amounts as correspond to the optional redemption of the Series 20 Bonds pursuant to Section 5.1(a) of the Indenture.
To exercise such option to prepay the Series 20 Note, in whole or in part, the Borrower must deposit or cause funds to be deposited with the Trustee sufficient to pay the principal of, premium, if any, and accrued interest on the portion of the Series 20 Note to be prepaid and the corollary redemption of the Series 20 Bonds.
In consideration of the premises, the loan of the proceeds of the Series 20 Bonds to be made by the Issuer, the acceptance of the Series 20 Note by the Issuer, and of other good and valuable consideration, the receipt of which is hereby acknowledged, the Borrower has executed and delivered this Loan Agreement.
Section 4.4 of the Indenture provides that the Issuer shall deposit in the Bond Fund on or before each January 15 and July 15, beginning on , 20 , the Lease Rental Payments assigned to the Trustee pursuant to this Loan Agreement, for the payment of the Series 20 Bonds.
Pursuant to Section 4.3(c) of the Indenture, a portion of the proceeds of the Series 20 Bonds will be used to pay fees and expenses incurred or to be incurred by or on behalf of the Issuer, the Borrower, the Redevelopment Commission, the Trustee and the Paying Agent in connection with or as an incident to the issuance and sale of the Series 20 Bonds.
The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 20 Bonds or portions thereof as will, as nearly as practicable, exhaust the moneys available therefor.