Examples of Series 2020 Bonds in a sentence
The Borrower agrees that it shall pay or cause to be paid all such costs and that to the extent such costs exceed the available proceeds of the Prior Note and the Series 2020 Bonds, it shall not be entitled to any reimbursement therefor from the Issuer, the Trustee, or the Holders of any of the Series 2020 Bonds, nor shall it be entitled to any diminution in or postponement of payments to be made under Sections 4.02 or 4.04 hereof.
The Issuer agrees, upon the terms and conditions in this Loan Agreement, to lend to the Borrower the gross proceeds of issuance of the Series 2020 Bonds ($46,340,000) (the "Loan") and further agrees to deposit the net proceeds of sale thereof into the Bond Fund, the Reserve Fund, and the Project Fund established with the Trustee as provided herein and in the Indenture.
The Borrower agrees to cooperate in furnishing to the Trustee (i) any documents or directions required by the Trustee to effect payments out of the Project Fund, and (ii) the documents referred to in the Indenture required for the authentication and delivery of the Series 2020 Bonds.
The Series 2020 Bonds will be subject to prior redemption at the option of the Borrower, and the Borrower shall have and is hereby granted the option to prepay the Loan and require the Series 2020 Bonds to be redeemed, on such dates and at such redemption prices as are set forth in Section 3.01 of the Indenture.
The term "Project" refers collectively to the acquisition, construction, and equipping of a 50-bed replacement skilled nursing facility, financed by the Prior Note and refinanced with proceeds of the Series 2020 Bonds (the "2018 Project), and a new 83-unit senior independent senior housing facility and "Town Center" (the "2020 Project"), all located on a single campus in the City of Roseville, Minnesota.