Board of Visitors minutes :: November 30, 1984 :: University of Virginia Library

Board of Visitors minutes
November 30, 1984

THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA SERIES RESOLUTION Authorizing and Securing Fixed/Adjustable Rate Hospital Revenue Bonds (Series B) Adopted November 30, 1984

SERIES RESOLUTION THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA Fixed/Adjustable Rate Hospital Revenue Bonds (Series B) Adopted November 30, 1984

ARTICLE I. DEFINITIONS

ARTICLE II. FORM, EXECUTION, DELIVERY, REGISTRATION, TENDER AND PAYMENT OF BONDS

SECTION 201. Form of Bonds.

SECTION 202. Issuance of Bonds.

SECTION 203. Determination of Adjustable Interest Rate.

SECTION 204. Determination of Fixed Interest Rate.

SECTION 205. Determination of Interest Rates Generally.

SECTION 206. Purchase of Bonds.

SECTION 207. Rights of Holders of Tendered Bonds.

SECTION 208. Payment of Interest on Bonds.

SECTION 209. Payment of Principal of Bonds.

SECTION 210. Payment of Portion of Purchase Price Attributable to Interest.

SECTION 211. Default of Bank Under Credit Facility.

SECTION 212. Payment of Principal of Bank Bonds.

SECTION 213. No Purchase of Bank Bonds.

ARTICLE III. REMARKETING AND PURCHASE OF BONDS

ARTICLE IV EXPIRATION OF CREDIT FACILITY; SUBSTITUTE CREDIT FACILITY; MANDATORY TENDER PROVISIONS

ARTICLE V. REDEMPTION OF BONDS

ARTICLE VI FUNDS AND ACCOUNTS

ARTICLE VII. THE PAYING AGENT, THE REMARKETING AGENT AND THE INDEXING AGENT

ARTICLE VIII. AMENDMENTS AND SUPPLEMENTS

ARTICLE IX. MISCELLANEOUS

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SECTION 205. Determination of Interest Rates Generally.

The determination of each Adjustable Interest Rate and the Fixed Interest Rates by the Remarketing Agent shall be conclusive and binding upon the State Treasurer, the Bank, the University, the Holders and the Paying Agent. Failure by the Paying Agent to give any notice required hereunder, or any defect therein, shall not affect the interest rate borne by the Bonds or the rights of the Holders pursuant to Section 206 hereof.