is proud of Donna's accomplishments with SIIA in the past and we congratulate her on this recognition she has received from SIIA," stated Arnold Heinrich, CEO & Founder of SBPA
provides for the payment of the purchase price of tendered bonds during a daily or weekly interest rate mode, and is sized to cover the principal portion of the purchase price and 35 days of interest at the maximum interest rate of 15%, based upon a year of 365 days.
These bonds are also subject to mandatory tender upon conversion of the interest rate mode, except when converting between daily and weekly interest rate modes; and on the fifth business day prior to the expiration of the SBPA
22, 2010, the stated expiration date as defined in the SBPA
, or if such date is extended, on the extended expiration date, or upon any prior termination of the SBPA
The bonds are subject to mandatory tender: on the fifth business day prior to the SBPA
expiration date; on the date of any SBPA
substitution if the rating on the bonds has not been confirmed by each rating agency then rating the bonds; on any mode adjustment date; during the term or flexible rate mode, on any rate adjustment date; during the term mode at the option of JEA after bonds are eligible for optional redemption; at least 20 days after JEA directs the tender agent to call a mandatory tender in order to enable any resolution amendment requiring the consent of bondholders; on the 15th day after the tender agent receives notice from the bank of its intention to terminate the SBPA
; and on the business day preceding the effective date of a substitute bond insurance policy.
The bonds are subject to mandatory tender: (i) upon conversion to a different interest rate period; (ii) on the day next succeeding the last day of a bond interest term mode; (iii) upon the termination, replacement or expiration of the SBPA
; and (iv) on or before the 5th business day prior to the thirtieth day after the occurrence of certain events of default under the SBPA
18, 2012, the stated expiration date of the substitute SBPA
, unless such date is extended, or upon earlier termination of the substitute SBPA
The bonds are subject to mandatory tender: (1) on any interest rate mode change date; (2) on any date the bonds are converted to a fixed or indexed rate mode; (3) upon the termination, substitution or expiration of the SBPA
Bonds are subject to a mandatory tender: on each interest rate mode conversion date; on each interest reset date for bonds in the commercial paper and flexible rate modes; upon the expiration or earlier termination of the SBPA
; and on any substitution of the SBPA
which results in a reduction or withdrawal of the ratings assigned to the bonds.
The certificates are subject to mandatory tender: (1) on conversion of interest mode; (2) upon the termination, expiration or substitution of the SBPA
; and (3) on the fifth business day following the Trustee's receipt of notice of mandatory tender from the bank indicating that an event of default under the SBPA
The bonds are subject to mandatory tender on interest mode conversion dates; on the adjustment date during a commercial paper rate period; upon the expiration or termination of the SBPA
; upon SBPA
substitution, unless there is rating confirmation that the short-term rating assigned to the bonds will not be changed as a result of the substitution; and upon certain events of default under the SBPA
provides for the payment of the purchase price of tendered bonds during the daily, weekly and CP interest rate modes in the event that remarketing proceeds are insufficient following an optional or mandatory tender of the bonds.