Agreement to Issue Bonds; Application of Bond Proceeds. To provide funds to enable the Borrower to refinance a portion of the cost of the Project by prepaying the Prior Loan, the City agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds, bearing interest as provided and maturing on the date set forth in the Indenture. The City will thereupon apply the proceeds received from the sale of the Bonds as provided in Section 3.02 of the Indenture.
Appears in 2 contracts
Samples: Loan Agreement (San Diego Gas & Electric Co), Loan Agreement (San Diego Gas & Electric Co)
Agreement to Issue Bonds; Application of Bond Proceeds. To provide funds to enable the Borrower to refinance a portion of the cost of the Project Projects by prepaying the Prior LoanLoans, the City agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds, bearing interest as provided and maturing on the date set forth in the Indenture. The City will thereupon apply the proceeds received from the sale of the Bonds as provided in Section 3.02 of the Indenture.
Appears in 1 contract
Samples: Loan Agreement (Sempra Energy)
Agreement to Issue Bonds; Application of Bond Proceeds. To provide funds to enable the Borrower to refinance a portion of the cost of the Project by prepaying the Prior Loan, the City agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds, bearing interest as provided and maturing on the date set forth in the Indenture. The City will thereupon apply the proceeds received from the sale of the Bonds as provided in Section 3.02 of the Indenture.. SECTION 3.2
Appears in 1 contract
Samples: Loan Agreement (Enova Corp)