Creation of Bonds Sample Clauses

Creation of Bonds. 8 Section 2.02. Form of Bonds. . . . . . . . . . . . . . . . . 9 Section 2.03. Execution of Bonds. . . . . . . . . . . . . . 9 Section 2.04. Authentication of Bonds. . . . . . . . . . . . 10 Section 2.05. Bonds Not General Obligations. . . . . . . . . 10 Section 2.06.
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Creation of Bonds. There is hereby authorized and created under this Indenture, for the purpose of providing moneys to pay, or redeem, or provide for the redemption therefor, of the 1996 Bonds, an issue of Bonds, entitled to the benefit, protection and security of this Indenture, in the aggregate principal amount of Fourteen Million Seven Hundred Thousand Dollars ($14,700,000). Each of the Bonds shall be designated by the title "Coconino County, Arizona Pollution Control Corporation Pollution Control Revenue Bond, 1997 Series B (Tucson Electric Power Company Navajo Project)". The Bonds shall mature, subject to prior redemption upon the terms and conditions hereinafter set forth, on October 1, 2032 and shall bear interest from the date thereof until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise, at the rate of seven per centum (7%) per annum, with interest thereon payable semi-annually on each October 1 and April 1, commencing October 1, 1997. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Sample 1
Creation of Bonds. 8 Section 2.02. Form of Bonds......................................... 8 Section 2.03. Execution of Bonds.................................... 9 Section 2.04. Authentication of Bonds............................... 9 Section 2.05. Bonds Not General Obligations......................... 9 Section 2.06. Prerequisites to Authentication of Bonds.............. 9 Section 2.07. Lost or Destroyed Bonds or Bonds Canceled in Error................................................................ 10 Section 2.08. Transfer, Registration and Exchange of Bonds.......... 10 Section 2.09. Other Obligations..................................... 12 Section 2.10
Sample 1
Creation of Bonds. There is hereby authorized and created under this Indenture, for the purpose of providing moneys to pay, or redeem, or provide for the redemption therefor, of the 1982 Bonds, an issue of Bonds, entitled to the benefit, protection and security of this Indenture, in the aggregate principal amount of One Hundred Fifty Million Dollars ($150,000,000). Each of the Bonds shall be designated by the title "The Industrial Development Authority of the County of Pima Industrial Development Revenue Bond, 1997 Series B (Tucson Xxxxxxxx Xxxxx Xxxxxxx Xxxxxxx)". Xxx Xxxxx xhall mature, subject to prior redemption upon the terms and conditions hereinafter set forth, on September 1, 2029 and shall bear interest from the date thereof until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise, at the rate of six per centum (6%) per annum, with interest thereon payable semi-annually on each March 1 and September 1, commencing March 1, 1998. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Sample 1
Creation of Bonds. There is hereby authorized and created under this Indenture, for the purpose of providing moneys to pay a part of the Cost of Construction, an issue of Bonds, entitled to the benefit, protection and security of this Indenture, in the aggregate principal amount of Thirty- six Million Seven Hundred Thousand Dollars ($36,700,000). Each of the Bonds shall be designated by the title "Coconino County, Arizona Pollution Control Corporation Pollution Control Revenue Bond, 1997 Series A (Tucson Electric Power Company Navajo Project)". The Bonds shall mature, subject to prior redemption upon the terms and conditions hereinafter set forth, on October 1, 2032 and shall bear interest from the date thereof until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise, at the rate of seven and one-eighth per centum (7 1/8%) per annum, with interest thereon payable semi-annually on each October 1 and April 1, commencing October 1, 1997. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Sample 1
Creation of Bonds. There is hereby authorized and created under this Indenture, for the purpose of providing moneys to pay a part of the Cost of Construction and for the purpose of refinancing the 1990 Bonds, an issue of Bonds, entitled to the benefit, protection and security of this Indenture, in the aggregate principal amount of Twenty-two Million Four Hundred Sixty Thousand Dollars ($22,460,000). Each of the Bonds shall be designated by the title "The Industrial Development Authority of the County of Xxxx Xxxxxxxxxx Xxxxxxxxxxx Xxxxxxx Xxxx, 0000 Series A (Tucson Electric Power Company Project)". The Bonds shall mature, subject to prior redemption upon the terms and conditions hereinafter set forth, on September 1, 2025 and shall bear interest from the date thereof until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise, at the rate of six and one-tenth per centum (6.10%) per annum, with interest thereon payable semi-annually on each March 1 and September 1, commencing March 1, 1998. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Sample 1

Related to Creation of Bonds

  • Redemption of Bonds The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the applicable redemption provision of the Indenture. Such redemption date shall not be less than 45 days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

  • Form of Bonds The 2050 Bonds shall be issued initially in the form of one or more permanent global Bonds in definitive, fully registered form without interest coupons with the global securities legend appearing in the form of 2050 Bond hereinbefore set forth endorsed thereon (a “Global Bond”), which shall be deposited on behalf of the purchasers of the Bonds represented thereby with the Trustee, at its corporate trust office, as securities custodian (or with such other securities custodian as the Depository (as defined below) may direct), and registered in the name of the Depository or a nominee of the Depository, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of the Global Bonds may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depository or its nominee as hereinafter provided. The depository for the Global Bonds shall be The Depository Trust Company, a New York corporation, or its duly appointed successor (the “Depository”). This Section 2.01 shall apply only to a Global Bond deposited with or on behalf of the Depository. The Company shall execute and the Trustee shall, in the case of each of the 2050 Bonds in accordance with this Section 2.01, authenticate and deliver initially one or more Global Bonds for the 2050 Bonds which (a) shall be registered in the name of the Depository or the nominee of the Depository and (b) shall be delivered by the Trustee to the Depository or pursuant to the Depository’s instructions or held by the Trustee as securities custodian. Members of, or participants in, the Depository (“Agent Members”) shall have no rights under this Supplemental Indenture with respect to any Global Bond held on their behalf by the Depository or by the Trustee as the securities custodian or under such Global Bond, and the Company, the Trustee and any agent of the Company or the Trustee shall be entitled to treat the Depository as the absolute owner of such Global Bond for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company from giving effect to any written certification, proxy or other authorization furnished by the Depository or impair, as between the Depository and its Agent Members, the operation of customary practices of such Depository governing the exercise of the rights of a holder of a beneficial interest in any Global Bond. Except as provided in this Section 2.01, Section 2.02 or Section 2.03, owners of beneficial interests in Global Bonds shall not be entitled to receive physical delivery of certificated Bonds.

  • Creation of Trust The Purchaser hereby irrevocably transfers and assigns to the Trustee, and the Trustee hereby accepts the transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its voting and consent rights and responsibilities as Beneficial Owner of the Subject Shares with respect to the following matters (collectively, the “Voting Matters”):

  • Purchase of Bonds The Company may at any time, and from time to time, furnish moneys to the Trustee accompanied by a notice directing the Trustee to apply such moneys to the purchase in the open market of Bonds in the principal amounts specified in such notice, and any Bonds so purchased shall thereupon be canceled by the Trustee.

  • Execution of Notes Notes shall be signed in the name and on behalf of the Issuer by the manual or facsimile signature of an Officer. The Trustee will, upon receipt of an Authentication Order, authenticate Notes for original issue that may be validly issued under this Indenture, including any Additional Notes. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Issuer pursuant to one or more Authentication Orders, except as provided in Sections 2.07 and 2.08 hereof. Only such Notes as shall bear thereon a certificate of authentication substantially in the form set forth on the form of Notes attached as Exhibit A1 hereto, executed manually by the Trustee (or an authenticating agent appointed by the Trustee as provided by Section 16.11), shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee (or such an authenticating agent) upon any Note executed by the Issuer shall be conclusive evidence that the Note so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture. In case any Officer who shall have signed any of the Notes shall cease to be such Officer before the Notes so signed shall have been authenticated and delivered by the Trustee, or disposed of by the Issuer, such Notes nevertheless may be authenticated and delivered or disposed of as though the person who signed such Notes had not ceased to be such Officer, and any Note may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Note, shall be the proper Officers, although at the date of the execution of this Indenture any such person was not such an Officer.

  • Creation of the Notes In accordance with Section 301 of the Base Indenture, the Company hereby creates the Notes as a separate series of its securities issued pursuant to the Indenture. The Notes shall be issued initially in an aggregate principal amount of $600,000,000, except as permitted by Sections 304, 305 or 306 of the Base Indenture.

  • Application of Trust All money deposited with the Trustee pursuant to Section 11.01 shall be held in trust and, at the written direction of the Company, be invested prior to maturity in U.S. Government Obligations, and applied by the Trustee in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for the payment of which money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law.

  • Issuance of Bonds The Authority has concurrently with the execution and delivery hereof sold and delivered the Bonds under and pursuant to a resolution adopted by the Authority on June 18, 2003, authorizing their issuance under and pursuant to the Indenture. The proceeds of sale of the Bonds shall be applied as provided in Articles IV and V of the Indenture.

  • Creation of the Trust The Trust is hereby created and shall be known as “WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust”. The purpose of the Trust is, and the Trust shall have the power and authority, to engage in the following activities, all as provided by and subject to the terms of this Agreement:

  • Creation of Trust; Name There is hereby created a Trust which shall be located in the State of Delaware, and which shall be known as “SLM Student Loan Trust 20[__]-[__]”, in which name the Eligible Lender Trustee may conduct the functions of the Trust, make and execute contracts and other instruments on behalf of the Trust and xxx and be sued. The Trust shall constitute a statutory trust within the meaning of Section 3801(a) of the Delaware Statutory Trust Act for which the Eligible Lender Trustee has filed or has caused to be filed a certificate of trust with the Secretary of State of the State of Delaware pursuant to Section 3810(a) of the Delaware Statutory Trust Act.

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