1. MIDA Bond-Bethany on 42nd
Laserfiche
>
Public
>
County Commission
>
2008
>
04-21-2008
>
Regular agenda
>
1. MIDA Bond-Bethany on 42nd
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/16/2008 10:43:45 AM
Creation date
4/16/2008 10:41:57 AM
Metadata
Fields
Template:
Commission
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
138
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />report to be accompanied by such forecasted financial statements and a statement of <br />the relevant assumptions upon which such forecasted financial statements are based. <br /> <br />(j) When the documents mentioned in subsections (d) and ( e) of this Section <br />shall have been filed with Trustee, and when such Additional Bonds shall have been <br />executed and authenticated as required by this Indenture, Trustee shall deliver such <br />Additional Bonds to or upon the order of the purchasers thereof, but only upon payment to <br />Trustee of the purchase price of such Additional Bonds. The proceeds of the sale of such <br />Additional Bonds, except Additional Bonds issued to refund Outstanding Bonds, including <br />accrued interest and premium thereon, if any, shall be immediately paid over to Trustee and <br />shall be deposited and applied by Trustee as provided herein and in the Supplemental <br />Indenture authorizing the issuance of such Additional Bonds. The proceeds, excluding <br />accrued interest and premium, if any, which shall be deposited in the Bond Fund, of all <br />Additional Bonds issued to refund Outstanding Bonds shall be deposited by Trustee, after <br />payment or making provision for payment of all expenses incident to such financing, to the <br />credit of a special trust fund appropriately designated, to be held in trust for the sole and <br />exclusive purpose of paying the principal of, premium, if any, and interest on the Bonds to <br />be refunded, as provided in Article ill hereof and in the Supplemental Indenture authorizing <br />the issuance of such refunding bonds. <br /> <br />(g) Except as provided in this Section, the Issuer will not otherwise issue any <br />obligations on a parity with the Series 2008 Bonds, but the Issuer may issue other obligations <br />specifically subordinate and junior to the Bonds at the written request of Company. <br /> <br />SECTION 2.14. NON-PRESENTMENT OF BONDS. In the event any Bond shall not be <br />presented for payment when due, either at stated maturity, a redemption date, or otherwise, if funds <br />sufficient to pay such Bond shall have been made available to the Trustee pursuant to the provisions <br />of this Indenture for the benefit ofthe Holder thereof, all liability ofthe Issuer to the Holder thereof <br />for the payment of such Bond shall forthwith cease, terminate and be completely discharged, and <br />thereupon it shall be the duty ofthe Trustee to hold such funds, without liability for interest thereon, <br />solely for the benefit of the Holder of such Bond, who shall thereafter be restricted exclusively to <br />such funds, for any claim of whatever nature on his part under this Indenture or on, or with respect <br />to, said Bond; provided that any funds which shall be so held by the Trustee and which remain <br />unclaimed by the Holder of any Bond not presented for payment within two (2) years eleven (11) <br />months after such date as upon which all of the Bonds shall have been fully paid or retired or <br />provision for such payment has been made as provided in Article XI of this Indenture shall (a) be <br />reported and disposed of by the Trustee in accordance with applicable unclaimed property laws or <br />(b) to the extent permitted under applicable law, and if the Issuer or any successor to the obligations <br />ofthe Issuer under the Indenture and the Bonds shall not at the time, to the knowledge of the Trustee, <br />be in default with respect to any of the terms and conditions contained in the Indenture or in such <br />Bonds, be paid to the Company, free of any trust or lien and thereafter any such Holder shall look <br />only to the Company for payment of such amount without interest thereon and the Trustee shall have <br />no further responsibility with respect to such moneys. <br /> <br />2-11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.