Closing
The date of delivery of a new issue of bonds, at which time the issuer delivers the bonds and the requisite legal documents to the underwriter or other bond purchaser in exchange for the purchase price.
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Closing Index
An index of all documents (including the basic documents, the proceedings of the Issuer to authorize the Bonds, all security documents, Closing certificates, opinions) to be delivered at a Closing and included in the Closing Transcript.
See Also
Closing Memorandum
A narrative form of, or adjunct to, the closing index describing the participants, their roles in the financing, flow of funds on the date of the closing, closing instructions and the documents for which the transaction participants are responsible.
Closing Transcript
The final record of all executed documents delivered at the closing or shortly thereafter as a bound transcript or in electronic form.
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Exempt Facility Bonds
Type of private activity bond (PAB) permitted to be issued as a tax-exempt bond under Section 142 of the code for the purpose of funding many categories of exempt facilities.