Series D Bonds definition
Examples of Series D Bonds in a sentence
The Issuer and the Company have heretofore arranged for the redemption of the Series A Bonds, the Series B Bonds, the Series C Bonds, the Series F Bonds and the Series D Bonds and as a result, the installment payments currently required of the Company under the Original Agreement relate only to the Series E, G and H Bonds.
The Company will execute, and the Trustee shall authenticate and deliver, Series D Bonds whenever the same are required for any such exchange.
The forms thereof shall be substantially as set forth in Article II with such insertions, omissions, substitutions and variations as, may be determined by the officers executing the same as evidenced by their execution thereof to reflect the applicable terms of the Series D Bonds established by this Article.
The Series D Bonds shall bear interest payable semi-annually on April 1 and October 1 of each year (the Interest Payment Dates of the Series D Bonds), at the rate of 5.64% per annum until the principal thereof shall be paid or duly provided for; provided that interest on any overdue principal, overdue Redemption Price, and (to the extent permitted by applicable law) overdue interest, shall accrue at a rate equal to the lesser of (a) the highest rate allowed by applicable law or (b) 6.64% per annum.
The Collateral Series D Bonds shall be limited to an aggregate principal amount of Two Hundred Fifty Million dollars ($250,000,000), excluding any Collateral Series D Bonds which may be authenticated and exchanged for or in lieu of or in substitution for or on transfer of other Collateral Series D Bonds pursuant to any provisions of the Indenture.