Res13 15263 - Laserfiche WebLink

Browse Search

"2006 Installment Purchase ContracY' means the Installment Purchase Contract, dated as of February 1, 2006,between the City and the Authority. "2007 Bonds" means the City of Redwood City Public Financing Authority Water Revenue Bonds, Series 2007A. "2007 Indenture" rneans the Indenture of Trust, dated as of May 1, 2007, between the Authority and the Prior Trustee. "2007 Installment Purchase Contract" means the Installment Purchase Contract, dated as of May 1, 2007,between the City and the Authority. Section 1.02. Equal Securitv. In consideration of the acceptance of the Bonds by the Owners, this Indenture shall be deemed to be and shall constitute:a contract by and among the Trustee, the Authority and the Owners to secure the full and final payment of the interest and principal and redemption premiums, if any, to be made by the Authority on the Bonds, subject to the agreements, conditions, covenants and terms conta.ined herein; and all agreements, conditions, covenants and terms contained herein required to be observed or performed by or on behalf of the Trustee shall be for the equal and proportionate benefit, protection and security of all Owners without distinction, preference or priority as to benefit, protection or security of any Bonds over any other Bonds by reason of the number or date thereof or the time of execution or delivery thereof or otherwise for any cause whatsoever, except as expressly provided herein or therein. ARTICLE II TERMS AND CONDITIONS OF BONDS Section 2,01. Preparation of Bonds. The Authority hereby authorizes the issuance of the Series 2013 Bonds in the aggregate principal amount of$26,870,000. The Series 2013 Bonds shall be designated "City of Redwood City Public Financing Authority Water Revenue Refunding Bonds, Series 2013." � Section 2.02. Denominations Medium Method and Place of Pa ent and Datin of Bonds. The Bonds shall be issued in the form of fully registered Bonds in denominations of five thousand dollazs ($5,000) or any integral multiple thereof. Subject to the provisions of Section 2.11 hereto, the interest, principal and redemption premiums, if any, on the Bonds shall be payable by check in lawful money of the United States of America. Subject to the provisions of Section 2.11 hereof, interest on the Bonds sliall be payable on their Interest Payment Dates by check mailed via first class mail on the Interest Payment Date by the Trustee to�the respective Owners thereof as of the Record Date at their addresses as they appear in the books required to be kept by the Trustee pursuant to the provisions of Section 2.07 hereof or, upon the written request &om any Owner of Bonds aggregating at least $1,000,000 in principal amount, received on or prior to the fifteenth day of the month preceding an applicable Interest Payment Date, by -11- � 338471 1.DOC �