What Is A Bond Purchase Agreement

A bond purchase agreement is a document that sets out the terms of a sale between the issuer of the bond and the underwriter of the bonds. The undersigned, acting in its own name and not acting as a trustee or agent on behalf of the underwriters specified on the first page of the opening statement (as defined below), proposes to enter into the following agreement (this “Bond Purchase Agreement”) with you, the Dormitory Authority of the State of New York (“DASNY”). no later than 5:30 p.m.m.. New York time, on the date of this Agreement, or on a later date or date that may be agreed. This Bond Purchase Agreement will be binding on you and the underwriters upon your acceptance of this Offer. All terms not defined in this Bond Purchase Agreement shall have the meanings ascribed to them in the resolution referred to in Section 1(b). The terms of the bond highlighted in the bond include the maturity date of the bond, the face value, the timing of interest payments, and the purpose of the bond issue. For example, a trust intrusion can indicate whether a problem is callable. If the issuer can “call” the bond, the bond includes call protection for the bondholder, i.e. the period during which the issuer cannot redeem the bonds on the market. The Securities and Exchange Commission (SEC) requires that all bond issues, with the exception of municipal issues, have bonds.

A bond purchase contract has many conditions. For example, it could require the issuer not to take over other debt securities secured by the same assets that secure the bonds that the underwriter sells, and it could require the issuer to notify the underwriter of any adverse change in the issuer`s financial situation. The bond purchase agreement also ensures that the issuer is the one it claims to be authorized to issue bonds, that it is not subject to litigation and that its financial statements are correct. This Bond Purchase Agreement (this “Agreement”) is between Bonneville Affordable Housing Capital, LLC, a Utah limited liability company (the “Bond Buyer”), Contra Costa County (the “Issuer”) and Richmond Nevin Associates, a California limited partnership, as borrowers (the “Borrower”) and is recognized and approved by Wilmington Trust, National Association, as a trustee (the “Trustee”). in connection with the above-mentioned obligations of issuers (the “Bonds”). .