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Agenda - Council - 07/12/2022
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Agenda - Council - 07/12/2022
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Last modified
3/14/2025 2:34:08 PM
Creation date
7/12/2022 9:10:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/12/2022
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Series 2022A Bonds Maturing June 1, 20 <br /> Payment Date Payment Date <br /> (June 1) Principal Amount (June 1) Principal Amount <br /> *Maturity <br /> Series 2022B Bonds Maturing June 1, 20 <br /> Payment Date Payment Date <br /> (June 1) Principal Amount (June 1) Principal Amount <br /> *Maturity <br /> As and for a sinking fund for the redemption of the Bonds there shall be deposited <br /> into the Bond Fund, a sum sufficient to redeem (after credit as provided below) the <br /> applicable principal amount of the Bonds on the applicable dates at the redemption price <br /> stated above; provided that the Trustee shall not be required to call Bonds for redemption <br /> during the occurrence and continuance of an Event of Default. <br /> At the option of the Company, to be exercised by delivery of a written certificate <br /> to the Trustee (which may be delivered by Electronic Means in accordance with Section <br /> 9.1(t) hereof) not less than forty-five (45) days next proceeding any sinking fund <br /> redemption date, the Company may (i) deliver to the Trustee for cancellation Bonds in an <br /> aggregate principal amount desired by the Company; or (ii) specify a principal amount of <br /> Bonds which, prior to said date, have been redeemed (otherwise than through mandatory <br /> redemption) and canceled by the Trustee and not theretofore applied as a credit against any <br /> sinking fund redemption obligation. Each such Bond so delivered or previously redeemed <br /> shall be credited by the Trustee at one hundred percent (100%) of the principal amount <br /> against the obligation of the Issuer on such mandatory sinking fund redemption date, and <br /> 32 <br /> 735810810 <br />
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