Examples of Series 2000 Bonds in a sentence
The net proceeds of the Series 2000 Bonds were used to purchase from the County all of the County’s right, title, and interest to TSR to which the County would otherwise be entitled under the MSA and the Decree.
On August 15, 2005, ETASC issued $318,834,680 in tobacco settlement asset-backed bonds (Series 2005A, E) and capital appreciation bonds (“CABs”) (Series 2005B, C, D), with interest rates ranging from 5.00% to 6.75% to advance refund $239,060,000 of outstanding Series 2000 Bonds bearing interest rates ranging from 5.0% to 6.5% originally issued in 2000.
The Series 2005 Bonds are subordinate and subject to the rights of the holders of the Series 2000 Bonds previously issued by the Corporation.
The Series 2000 Bonds are secured by a perfected security interest in, and pledge of, the Trust Estate, as defined in the Indenture, which includes, among other things, the TSRs and all investment earnings on amounts on deposit in the accounts established under the Indenture (collectively, the Collections).
As the BCPSS enters into capital project contracts with one or more contractors, funds are to be drawn from the Series 2000 Bonds escrow account to fund capital expenditures.