Examples of Series 20 Note in a sentence
Such Loan is being evidenced by the execution and delivery by the Borrower of the Series 20 Note substantially in the form attached hereto as Exhibit A.
The Borrower shall give the Trustee not less than forty-five (45) days prior written notice of any prepayment of the Series 20 Note pursuant to this Section 4.1, which notice shall designate the date of prepayment and the amount thereof, indicate the section or subsection pursuant to which prepayment shall occur, and direct the redemption of the Series 20 Bonds in the amounts corresponding to the Series 20 Note to be prepaid.
Any amount so paid which is less than the full unpaid principal amount of the Series 20 Bonds shall be credited against the installment or installments of principal due on the Series 20 Note corresponding to the maturity of the Series 20 Bonds being redeemed, and shall also be a credit against any mandatory sinking fund obligation and the corresponding Series 20 Note obligation with respect thereto in the sequence in which such mandatory sinking fund obligation becomes due.
The Borrower acknowledges and consents to the pledge and assignment of the Series 20 Note and the assignment of the Issuer’s rights hereunder to the Trustee pursuant to the Indenture and agrees that the Trustee may enforce the rights, remedies and privileges granted to the Issuer hereunder, to receive payments under Sections 3.2, 3.6 and 3.8 hereof, and to execute and deliver supplements and amendments to this Loan Agreement pursuant to Section 7.1 hereof.
In consideration of the premises, the loan of the proceeds of the Series 20 Bonds to be made by the Issuer, the acceptance of the Series 20 Note by the Issuer, and of other good and valuable consideration, the receipt of which is hereby acknowledged, the Borrower has executed and delivered this Loan Agreement.
To exercise such option to prepay the Series 20 Note, in whole or in part, the Borrower must deposit or cause funds to be deposited with the Trustee sufficient to pay the principal of, premium, if any, and accrued interest on the portion of the Series 20 Note to be prepaid and the corollary redemption of the Series 20 Bonds.
The Series 20 Note may be prepaid, in whole or in part, without premium, plus in each case accrued interest to the date fixed for redemption, on such dates and in such amounts as correspond to the optional redemption of the Series 20 Bonds pursuant to Section 5.1(a) of the Indenture.
The Issuer represents that at the time of the pledge and assignment thereof it will lawfully own the Series 20 Note and that such pledge and assignment and the assignment of the Loan Agreement to the Trustee hereby made will be valid and lawful.
The transfers to the Bond Fund shall serve as a credit against the Borrower’s obligations under the Series 20 Note and the Loan Agreement with respect to the Series 20 Bonds.
The Issuer covenants that it will defend the title to the Series 20 Note and its interest in the Loan Agreement to the Trustee, for the benefit of the holders and owners of the Bonds against the claims and demands of all persons whomsoever.