Terms of Bonds Sample Clauses
The "Terms of Bonds" clause defines the specific conditions and features governing the issuance, management, and repayment of bonds under an agreement. It typically outlines details such as interest rates, maturity dates, payment schedules, and any rights or obligations of bondholders and issuers. By clearly specifying these terms, the clause ensures all parties understand their financial commitments and helps prevent disputes regarding the interpretation or execution of the bond agreement.
Terms of Bonds. (a) The Bonds shall be designated “San Bernardino County Flood Control District Judgment Obligation Refunding Bonds, Series 2016.” The aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture shall not exceed $ , except as may be otherwise provided in Section 2.08 hereof.
(b) The Bonds shall be issued in fully registered form without coupons in Authorized Denominations. The Bonds shall be dated as of the Closing Date, shall be in the aggregate principal amount of $ , shall mature on August 1, 20 and shall bear interest (i) if an Event of Taxability shall not have occurred and an Event of Default shall not have occurred and be continuing, at the rate of % per annum, (ii) if an Event of Taxability shall have occurred, at the Taxable Rate, and (iii) if an Event of Default shall have occurred and be continuing, at the Default Rate, which interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months.
(c) Interest on the Bonds shall be payable from the Interest Payment Date next preceding the date of authentication thereof unless (i) a Bond is authenticated on or before an Interest Payment Date and after the close of business on the preceding Record Date, in which event interest thereon shall be payable from such Interest Payment Date, (ii) a Bond is authenticated on or before the first Record Date, in which event interest thereon shall be payable from the Closing Date, or (iii) interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has previously been paid or duly provided for. Interest shall be paid in lawful money of the United States on each Interest Payment Date. Interest shall be paid to each Owner, as shown on the Registration Books as of the close of business on the preceding Record Date, by wire transfer in immediately available funds to the account specified by such Owner to the Trustee in writing. Notwithstanding the foregoing, interest on any Bond which is not punctually paid or duly provided for on any Interest Payment Date shall, if and to the extent that amounts subsequently become available therefor, be paid on a payment date established by the Trustee to the Person in whose name the ownership of such Bond is registered on the Registration Books at the close of business on a special record date to be established by the Trustee for the payment of such defaulted interest, notice of...
Terms of Bonds. The Bonds shall be in substantially the form set forth in Exhibit A hereto with necessary or appropriate variations, omissions and insertions as permitted or required by this Indenture, including any Supplemental Indenture.
Terms of Bonds. The terms and conditions of the indemnity bond or the cash deposit ("cash bond") shall be:
Terms of Bonds. The 2009A Bonds shall be issued in fully registered form without coupons in denominations of $5,000 or any integral multiple thereof, so long as no 2009A Bond shall mature on more than one Principal Payment Date. The 2009A Bonds shall mature and become payable on the Principal Payment Dates in each of the years and in the principal amounts, and shall bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) at the rates, as follows:
Terms of Bonds. The Bonds authorized to be issued by the Authority under
Terms of Bonds. The Bonds shall be designated as "4.4% Convertible Unsecured Subordinated Bonds". The Bonds shall be dated as of January 7, 2004, shall mature on the Maturity Date and shall bear simple interest (subject to the provisions of Section 2.5), both before and after an Event of Default hereunder, from January 7, 2004 at the Interest Rate, with all accrued but unpaid interest payable in cash on the Interest Payment Dates. Unless the Bonds are converted pursuant to the terms of this Indenture, the principal of the Bonds and interest thereon shall be payable in lawful money of the European Union by the Company to the Trustee on behalf of the Bond holders and subsequently by the Trustee or its appointed agent to the Bond holders at their registered address.
Terms of Bonds. The terms of the Bonds (maturity schedule, interest rates, denominations, redemption provisions, etc.) will be determined by a bond purchase contract to be entered into among the Development Authority, the Company and the purchaser or purchasers of the Bonds, subject to the approval of the Company. At the request of the Company, the Bonds may be issued as “draw down” Bonds under which installment payments are to be made by the purchaser or purchasers thereof when and as needed to pay the costs of the Project.
Terms of Bonds. The Bonds shall be dated the Closing Date, shall mature on the dates and in the amounts, and shall bear interest (calculated on the basis of a 360-day year of twelve 30-day months) at the rates per annum as follows:
Terms of Bonds. 6 Section 2.03. Redemption Prior to Maturity 7 Section 2.04. Form of Bonds. 9 Section 2.05. Execution of Bonds. 10 Section 2.06. Transfer of Bonds. 10 Section 2.07. Exchange of Bonds. 10 Section 2.08. Registration Books 10
Terms of Bonds. (a) The Bonds issued hereunder are designated as the "Castle Rock Ranch Public Improvements Authority Public Facilities Revenue Bonds, Series 1996." The aggregate principal amount of Series 1996 Bonds which may be issued and outstanding under this Indenture shall not exceed Sixty-Six Million Nine Hundred Seventy-Five Thousand dollars ($66,975,000).
(b) Interest on the Series 1996 Bonds shall be payable semiannually on June 1 and December 1 in each year, commencing December 1, 1996. Subject to Section 2.2(e) hereof, the Series 1996 Bonds shall mature on December 1 of each year and bear interest at a rate of interest per annum, computed on the basis of a 360-day year of twelve 30-day months in accordance with the following schedule: Maturity (December 1) Amount Rate --------------------- ------- ---- 1999 $1,980,000 5.750% 2000 2,095,000 5.750% 2001 2,215,000 5.750% 2002 2,340,000 5.750% 2003 2,475,000 5.900% 2004 2,620,000 6.000% 2005 2,780,000 6.100% 2006 2,950,000 5.700% 2007 3,115,000 6.300% 2008 3,310,000 6.400% 2009 3,525,000 6.500% 2011 7,750,000 6.375% 2017 29,820,000 6.250% The Series 1996 Bonds will be issued as fully registered Bonds, initially as Book-Entry Bonds, in denominations of one hundred thousand dollars ($100,000) or any multiple of $5,000 in excess thereof, so long as no Bond shall have principal maturing in more than one year.
(c) Interest on the Series 1996 Bonds is payable in lawful money of the United States of America by check mailed by first class mail on each Interest Payment Date to the registered owner as of the close of business on the 15th day of the calendar month immediately preceding such Interest Payment Date (whether or not a business day) (the "Record Date"); provided, however, that any owner of $1,000,000 or more of the principal amount of the Bonds may, at any time prior to a Record Date, give to the Trustee written instructions for payment of such interest on each succeeding Interest Payment Date by wire transfer. Interest on any Bond shall be deemed paid when an interest check is mailed, postage prepaid by first class mail to the Holder thereof, at the address indicated on the bond register maintained by the Trustee. Any such interest not so timely paid or duly provided for shall cease to be payable to the person who is the Owner thereof on the Record Date and shall be payable to the person who is the Owner thereof at the close of business on a special record date (the "Special Record Date") established for the paym...