Examples of Series 2015 Notes in a sentence
The Borrower has represented to the City that no official statement or other disclosure document has been or will be prepared relating to the offer and sale of the Series 2015 Notes.
As provided in the Loan Agreement, the Series 2015 Notes shall not be payable from nor charged upon any funds other than the revenue pledged to their payment, nor shall the City be subject to any liability thereon, except as otherwise provided in this paragraph.
The School is seeking a post-closing amendment to lower the interest rate and extend the maturity of the Series 2015 Notes.
On any date subsequent to the date of issuance of the Series 2015 Notes, the Finance Officer is hereby authorized to execute and deliver any amendments or supplements to any of the documents referred to in this resolution or other documents executed and delivered in connection with the issuance of the Series 2015 Notes if, after review by bond counsel, the Finance Officer determines that the execution and delivery of such amendment or supplement is in the interests of the City.
No provision, covenant, or agreement contained in the aforementioned documents, the Series 2015 Notes, or in any other document relating to the Series 2015 Notes, and no obligation therein or herein imposed upon the City or the breach thereof, shall constitute or give rise to a general or moral obligation of the City or any pecuniary liability of the City or any charge upon its general credit or taxing powers.
The Series 2015 Notes are hereby authorized to be issued as tax-exempt bonds the interest on which is not includable in gross income for federal and State of Minnesota income tax purposes.
The City has made no independent investigation as to, and assumes no responsibility for, the sufficiency, accuracy, or completeness of any information provided by the Borrower by to the Lender (except for such information that is specifically provided by the City such as information regarding the authority of the City to issue the Series 2015 Notes and any material pending litigation against the City).
The Series 2015 Notes shall be special, limited obligations of the City payable solely from the revenues provided by the Borrower pursuant to the terms of the Loan Agreement, and any other security documents provided by the Borrower to the Lender.
The proceeds of the Series 2015 Notes were used by the School to: (1) finance the renovation, expansion, furnishing and equipping of three of the school’s buildings located at 129, 124 and 122 Pierrepont Street in Brooklyn Heights (the tax lots for 122 Pierrepont and 124 Pierrepont were subsequently merged and are now both known as 124 Pierrepont), and (2) pay for certain costs associated with the issuance of the Series 2015 Notes.
The Borrower has further represented to the City that the Borrower intends to use the proceeds derived from the purchase of the Series 2015 Notes (the “Loan”) together with other available funds of the Borrower, to (i) advance refund, defease and redeem all of the outstanding Series 2010 Bonds; and (ii) pay the costs of issuance of the Series 2015 Notes.