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1995-152
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1995-152
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Last modified
3/11/2019 3:08:10 PM
Creation date
3/11/2019 3:00:22 PM
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Resolutions
Resolution Number
1995-152
Approved Date
12/05/1995
Resolution Type
Housing
Entity Name
Escambia County Housing Finance Authority
Interlocal Agreement
Subject
TEFRA single Family Mortgage Revenue Bonds
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Expense Fund and th.-. Cost. <br />securities and funds (exce <br />rocaram F.xpenr:t. Fund and t h <br />Tru!tee under- th=- lndentine <br />solely to t. he Series A Hund <br />funds held in the Series A <br />Mandatory Tender Date, all <br />Remarketed Series B Bonds, <br />Series B Bonds. <br />of issuance <br />p <br />Pt amounts <br />e Cost of I <br />in the ft <br />s and (v) a <br />Reserve A <br />Series B <br />all on a p <br />Ftrnd) , (iv) all moneywr <br />in the Rebate firma, the <br />ssuance Fund) held by thn <br />fu <br />and accounts related <br />1 moneys, securities an_) <br />cc:ount, and (b) after the <br />Pledged Revenues :securing <br />arity with the Remarketed <br />"Series A Principal Prepayments and Excess Revenues" means (i) <br />Principal Piepayments with respect to GNMA Certificates and FNMA <br />Securities purchased with funds on deposit in the Series A <br />Acquisition Fund, (ii) Excess Revenues with respect to payments <br />received on G&'MA Certificates and FNMA Securities purchased with <br />funds on deposit in the Series A Acquisition Fund, and (iii) any <br />revenues that constitute Series B Principal Prepayments and Excess <br />Revenues after the Series B bonds have been paid in full. <br />"Series B Acquisition Fund" means the acquisition fund <br />established after tht, Mandatory Tender Date with respect to any <br />Series B Bonds which remain Outstanding. <br />"Series B Acquisition Fund Investment Agreement" means any <br />investment agreement governing the Series B Acquisition Fund. <br />"Series B Acquisition Fund Investment Agreement Provider" <br />means any provider ul a Series B Acquisition Fund Investment <br />Agree-ent. <br />"Series B Bonds" means the Single Family M<>rtgage Revenue <br />Bonds, Series 1995 13 and any Additional Series P Bonds issued <br />pursuant to the indenture. <br />"Sarils 8 GHMA Certificates and Fannie Use Securities" means <br />M.A <br />GNt'�crtificatf>s ,,r.d };inn ,! M.+= cur it. ie purchased atter the <br />Mandat.ol y Ton+fr� ll,++ with fund:; :; �-11?, t: ::it. in the Series B <br />{'r c:x;awd Fund. <br />"Series 8 Pledged Revantuse' omenta (.t) .+: to the Series B Bonds <br />r,t t,ryr -than Remarketed Series H Bonds W the Series B Proceeds Fund <br />l r've�t mast A41VOOMMrt aid ! i i) all moneys, securities and funds <br />(exr•ept amounts La the Roebate Fund. the Program UpenN Fuld and <br />the Cost of tesuaance Pundi 'held by the Trustee under the Indenture <br />ir, tete t� and accounts related solely to the fors!! • bonds and <br />(b) sa to the Remarketed Settee a Bawds following the applicable <br />Mandl, ury TAwAar tats. (i) all paVwonta of principal of and <br />,t <br />tr t e at ata Cbl Macioa s GROM art e t ! es taand Fumnio Nes <br />t a ee, Md MW pay me at reco l ved from LAMrt to t he �w <br />,lust ir.r y a" ft"t Faoate era! pars mn to tingnraraat <br />et Mr Nat prune " of � terla+s • � tits i t &Amos <br />Mas b�sawit ase. (a i 1 cin' a and to be I�n�ltr as gas <br />MA:r Wtory l+eftew pat.! to too twos �lcaanets #Ofsted oslely to <br />60 <br />
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