TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
(i)
designation of the New Power Bonds of such series as Book-Entry Bonds
or Certificated Bonds;
(j) the period or periods within which, the price or prices at which, and the terms and conditions upon which New Power Bonds of such series may be redeemed at the option of the Corporation; and any other terms or conditions of such series (which terms and conditions shall not be inconsistent with the provisions of the Resolution or this Supplemental Resolution). (k) All New Power Bonds of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to this Supplemental Resolution and set forth in such Officer’s Certificate. The terms and conditions of each series of New Power Bonds shall be established as provided in Section2.2 of this Supplemental Resolution. In the case of Certificated Bonds, the New Power Bonds of such series shall be substantially in the form established by the Designated Officer in the Officer’s Certificate.
SECTION 2.2. Designated Officers.
(a) The terms and conditions of each series of New Power Bonds shall be established by a designated officer of the Corporation (the “Designated Officer”) appointed by this Supplemental Resolution and shall be set forth in an Officer’s Certificate executed by the Designated Officer. The Designated Officers are the Chief Financial and Strategy Officer and the Treasurer of the Corporation. Either of the Designated Officers is authorized to exercise any of the power and authority delegated herein to the Designated Officers. (b) (c) A Designated Officer may at any time on or prior to September 30, 2024, specify and determine the terms and conditions of the New Power Bonds of one or more series to be issued under this Supplemental Resolution and the terms and conditions of the sale of such New Power Bonds as permitted to be specified in Section 2.1 of this Supplemental Resolution, provided that: (i) the aggregate principal amount of all New Power Bonds of all series issued hereunder on or prior to September 30, 2024, shall not exceed the amount authorized by this Supplemental Resolution (including any New Power Bonds of any series issued in future installments pursuant to Section 2.3 of this Supplemental Resolution); (ii) the Maturity Date (the date on which the principal and any accrued and unpaid interest shall be due on any such series of Bonds issued hereunder) of the New Power Bonds of each series shall not be more than 50 years from the date of issuance thereof; and
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