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9 <br />THE BONDS <br />This section provides summaries of the Bonds and certain provisions of the Indenture. <br />See APPENDIX D for a more complete summary of the Indenture. Capitalized terms used but <br />not defined in this section have the meanings given in APPENDIX D. <br />General <br />Bond Terms. The Bonds will be dated their date of delivery and issued in fully registered <br />form without coupons in integral multiples of $5,000. The Bonds will mature in the amounts and <br />on the dates, and bear interest at the annual rates, set forth on the inside cover page of this <br />Official Statement. <br />Payments of Principal and Interest. Interest on the Bonds will be payable on February 1 <br />and August 1 in each year, beginning February 1, 2025 (each an “Interest Payment Date”). <br />Principal on the Bonds will be payable on February 1 in the amounts and in the years set forth on <br />the inside front cover of this Official Statement. <br />While the Bonds are subject to the book-entry system, the principal, interest and any <br />prepayment premium with respect to the Bonds will be paid by the Trustee to DTC for subsequent <br />disbursement to beneficial owners of the Bonds. See APPENDIX G – “DTC AND THE BOOK- <br />ENTRY ONLY SYSTEM.” <br />Interest on the Bonds is payable from the Interest Payment Date immediately preceding <br />the date of authentication thereof by the Trustee, unless such date of authentication is on or after <br />the fifteenth (15th) day of the calendar month prior to an Interest Payment Date, in which case <br />they shall bear interest from such Interest Payment Date, or unless such date of authentication is <br />on or before the fifteenth (15th) calendar day prior to the first Interest Payment Date, in which case <br />they shall bear interest from the Closing Date. <br />Principal and premium, if any, with respect to each Bond is payable upon surrender of <br />such Bond at the Principal Office of the Trustee, upon maturity or the earlier redemption thereof, <br />if permitted by the Indenture. The principal of, premium, if any, and interest on the Bonds will be <br />payable in lawful money of the United States of America. Interest with respect to the Bonds will <br />be calculated on the basis of a 360-day year consisting of twelve 30-day months. <br />Transfer, Registration and Exchange <br />See “APPENDIX D – Summary of Principal Legal Documents” for a description of the <br />provisions of the Indenture relating to the transfer, registration and exchange of the Bonds. <br />No Redemption <br />The Bonds are not subject to redemption prior to maturity. <br />Book-Entry Only System <br />The Bonds will be issued as fully registered bonds in book-entry only form, registered in <br />the name of Cede & Co. as nominee of The Depository Trust Company, New York, New York <br />(“DTC”), and will be available to ultimate purchasers in integral multiples of $5,000, under the <br />book-entry system maintained by DTC. While the Bonds are subject to the book-entry system, <br />8.A. - Page 23 of 255 <br />651