Agenda - Council - 07/12/2022 - Laserfiche WebLink

Home

THE SERIES 2022 BONDS Interest; Maturity; Payment The Series 2022A Bonds will be issued in the original aggregate principal amount of$[PAR-A]* and the Series 2022B Bonds will be issued in the original aggregate principal amount of$[PAR-B]*. The Series 2022 Bonds will bear interest as set forth on the inside front cover page hereof. Interest will be payable semiannually on June 1 and December 1 (each an "Interest Payment Date") of each year, commencing on December 1, 2022*. Interest will be calculated on the basis of a 3 60-day year with twelve (12)months of thirty(30) days. The Series 2022 Bonds will be issued in the form of fully registered bonds without interest coupons in the denomination of$5,000 or any integral multiple of$5,000 in excess thereof. The principal of,interest on,and premium, if any,on the Series 2022 Bonds shall be payable when due by wire of the Trustee to The Depository Trust Company,New York,New York("DTC"),which will in turn remit such principal, interest and premium, if any, to Participants (as defined below), which Participants will in turn remit such principal, interest and premium, if any, to the Significant Bondholder (described below) of the Series 2022 Bonds as described herein. See "APPENDIX I — BOOK-ENTRY ONLY SYSTEM"in this Official Statement. In the event the Series 2022 Bonds are not registered in the name of Cede & Co., as nominee of DTC, or another eligible depository as described below, the principal of, interest on, and premium, if any, on each Series 2022 Bond will be payable only at the corporate trust operations center of the Trustee in Minneapolis, Minnesota, as described in the Indenture. Payment of interest on the Series 2022 Bonds will be paid by check or draft mailed on each Interest Payment Date by the Trustee to the Registered Owners of record appearing on the registration books kept by the Trustee as of the applicable Regular Record Date preceding each Interest Payment Date, or upon request, as provided in the Indenture, of any Significant Owner(an owner of at least$1,000,000 in aggregate principal amount of Series 2022 Bonds),by electronic wire transfer on each Interest Payment Date to the account designated by such Registered Owner to the Trustee in writing on or before the Regular Record Date for any interest payment. The Registered Owner of any Series 2022 Bond will be the person or persons in whose name or names a bond is registered on the registration books kept for that purpose by the Trustee in accordance with the terms of the Indenture. Redemption of Series 2022 Bonds Optional Redemption. The Series 2022A Bonds are subject to redemption by the Issuer, at the option of the Company, on June 1,2032* and any Business Day thereafter, in whole or in part on any date, at the redemption price equal to the principal amount to be redeemed plus accrued interest to the date of redemption. The Series 2022A Bonds shall be redeemed only in the principal amount of$5,000 or any integral multiple thereof. If only a portion of the Series 2022A Bonds are redeemed, such Series 2022A Bonds to be redeemed will be selected from maturities designated by the Company. If less than all of one maturity is to be redeemed, the Series 2022A Bonds of such maturity will be selected randomly in such manner determined by the Trustee. The Series 2022B Bonds are not subject to optional redemption prior to maturity. *Preliminary, subject to change. 10