Proceeds of the Bonds minus amounts used to fund a Reasonably Required Reserve or Replacement Fund.
Learn about over various terms and concepts that may arise while preparing a bond issue.
Bonds which may be issued in the future under the same master indenture, bond resolution/ordinance, and related documentation upon meeting certain conditions designed to ensure that the revenues available to repay the original bonds, any currently outstanding additional bonds, and the proposed additional bonds will be sufficient (the “additional bonds test”).
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