Common use of Agreement to Issue Bonds; Application of Bond Proceeds Clause in Contracts

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower by depositing the proceeds with the Trustee in accordance with Section 3.02 of the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (Commonwealth Edison Co), Loan Agreement

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Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior 1994C Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 50,000,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower Company by depositing the proceeds with the Trustee in accordance with Section 3.02 701 of the Indenture.Indenture.‌

Appears in 1 contract

Samples: Loan Agreement

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 50,000,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower by depositing the proceeds with the Trustee in accordance with Section 3.02 of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Commonwealth Edison Co)

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior 1994D Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 91,000,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower Company by depositing the proceeds with the Trustee in accordance with Section 3.02 701 of the Indenture.

Appears in 1 contract

Samples: Loan Agreement

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the an equal outstanding principal amount of the Prior 1994 Bonds, maturing January 15, 2004, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 19,975,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower Company by depositing the proceeds with the Trustee in accordance with Section 3.02 701 of the Indenture.Indenture.‌

Appears in 1 contract

Samples: Loan Agreement

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Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior 1994B Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 42,200,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower Company by depositing the proceeds with the Trustee in accordance with Section 3.02 701 of the Indenture.Indenture.‌

Appears in 1 contract

Samples: Loan Agreement

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 40,000,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower Company by depositing the proceeds with the Trustee in accordance with Section 3.02 701 of the Indenture.Indenture.‌

Appears in 1 contract

Samples: Loan Agreement

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of the outstanding principal amount of the Prior Bonds, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $49,830,000 91,000,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Borrower by depositing the proceeds with the Trustee in accordance with Section 3.02 of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Commonwealth Edison Co)

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