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OTHER-2024-031-Trust Agreement
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OTHER-2024-031-Trust Agreement
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Last modified
10/24/2024 10:55:47 AM
Creation date
10/24/2024 10:42:03 AM
Metadata
Fields
Template:
BOCC
Date
5/21/2024
Meeting Type
Business
Document Type
Others
Agenda Item
6-B
Document Relationships
Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
Agenda for May 21, 2024 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
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Section 2 . 02 . Selection of 2024 Bonds for Redemption , <br /> ( a) If less than all the 2024 Bonds are to be redeemed pursuant to the <br /> provisions of subsection 2 . 01 ( a) , they will be redeemed among series and maturities <br /> in any manner the County chooses . The County is not required to redeem Series A <br /> Bonds in preference to Series B Bonds, or vice versa, or to redeem 2024 Bonds in <br /> any proportion . <br /> (b) If less than all of the 2024 Bonds of any maturity are to be redeemed, <br /> the Trustee must select the 2024 Bonds to be redeemed by lot; provided, however, <br /> that so long as a boob- entry system with DTC is used for determining beneficial <br /> if less than all of the 2024 Bonds within a <br /> ownership of 2024 Bonds to be redeemed, <br /> maturity are to be redeemed, the parties agree that DTC may determine which of the <br /> 2024 Bonds within the maturity are to be redeemed in accordance with DTC ' s then - <br /> current rules and procedures . <br /> ( c) In any case, (1) the portion of any 2024 Bond to be redeemed must be <br /> in the principal amount of $ 5 , 000 or some integral multiple thereof, and (ii ) in <br /> selecting 2024 Bonds for redemption, each 2024 Bond will be considered as <br /> representing that number of 2024 Bonds which is obtained by dividing the principal <br /> amount of that 2024 Bond by $ 5 , 000 , If a portion of a 2024 Bond is called for <br /> redemption, the County will prepare , and the Trustee will deliver, a new 2024 Bond <br /> of the same series in principal amount equal to the unpaid portion to the registered <br /> owner upon the surrender of the 2024 Bond , <br /> Section 2 . 03 . Redemption Notices . (a) The Trustee, at the County' s <br /> direction , upon being satisfactorily indemnified with respect to expenses , and with <br /> at least two Business Days ' notice , will send notice of redemption no Iess than 30 <br /> nor more than 60 days prior to the redemption date, as follows : <br /> (1) With respect to any 2024 Bonds being called for redemption for which <br /> DTC or its nominee is the registered owner, to DTC , in whatever manner may be <br /> provided for under DTC ' s standard operating rules as then in effect (and if the <br /> Trustee is unable to determine those rules , by registered or certified mail , return <br /> receipt requested) ; <br /> (ii) With respect to any 2024 Bonds for which no book- entry- only system <br /> of registration is in effect, to each of the registered owners of those 2024 Bonds at <br /> 8 <br />
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