Authorization of Bonds. The Company will authorize the issue and sale of $60,000,000 aggregate principal amount of its First Mortgage Bonds, 3.59% Series due 2030 (the “Bonds”) to be issued under and secured by that certain Indenture of Mortgage and Deed of Trust, dated as of September 1, 1944 (the “Original Mortgage”), among the Company, The Bank of New York Mellon Trust Company, N.A., a national banking association (the “Principal Trustee”) and UMB Bank & Trust, N.A., a national banking association (and together with the Principal Trustee, collectively, the “Trustees,” and individually, a “Trustee”), as amended and supplemented by that certain Forty-First Supplemental Indenture, dated as of the date of Closing (the “Supplemental Indenture”), and entitled to the benefits thereof. The Original Mortgage, as heretofore supplemented and amended including, without limitation, by the Supplemental Indenture, and as may be supplemented and amended in the future, is hereinafter referred to as the “Mortgage”. The Supplemental Indenture, including the form of the Bonds, shall be in the form set out in Exhibit 1. The Mortgage creates and will create a first mortgage Lien on and a first security interest in the property of the Company described therein as being subject to the Lien thereof, subject to permitted encumbrances, prepaid liens and Prior liens (each as defined in the Mortgage), and except with respect to (a) excepted property (as defined in the Mortgage) and (b) such property as may have been released from the Lien thereof in accordance with the terms thereof (such property which at such time is subject to the Lien of the Mortgage being hereinafter referred to as the “Mortgaged Property”). Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are to a Schedule or an Exhibit attached to this Agreement unless otherwise specified. References to a “Section” are references to a Section of this Agreement unless otherwise specified.
Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.27% Series due June 15, 2048 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June 1, 2018 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require.
Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 5.48% Series due August 1, 2053 (herein referred to as the “5.48% Series due August 1, 2053 Bonds”) in an aggregate principal amount of $175,000,000, to bear interest at the rate of 5.48% per annum, and to mature on August 1, 2053 and (ii) First Mortgage Bonds, 5.56% Series due August 1, 2061 (herein referred to as the “5.56% Series due August 1, 2061 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 5.56% per annum, and to mature on August 1, 2061 (the 5.56% Series due August 1, 2061 Bonds and the 5.48% Series due August 1, 2053 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by sixty-one supplemental indentures and as further supplemented by the Sixty-second Supplemental Indenture dated as of July 27, 2023 and effective as of August 1, 2023 (such Sixty-second Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned sixty supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.
Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 3.24% Series due June 9, 2050 (the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated as of January 15, 1937 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (formerly Irving Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Indenture Supplemental to the Mortgage and Deed of Trust, dated as of June 1, 2020 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require.
Authorization of Bonds. On or before the Issuance Date, the Bond Issuer shall have caused to be authorized pursuant to the Bond Indenture the issuance of the Bonds in such tranches and principal amounts as set forth in Schedule 1(a) attached hereto and incorporated herein by this reference.
Authorization of Bonds. There shall be issued under and secured by this Agreement, Bonds of the Authority in the aggregate initial principal amount of THIRTY MILLION DOLLARS ($30,000,000) for the purpose of providing funds, together with other available funds for: (i) constructing and equipping a 22,200 square foot golf club house, a 5,600 square foot beach club house and other related facilities, as well as an 18-hole championship golf course known as the Flamboyan Course; (ii) refurbishing an 18-hole golf course known as the Palm Course; (iii) making a deposit to a working capital reserve fund required by the Initial Letter of Credit Issuer; and (iv) the payment of other costs, expenses and fees incurred in connection with the issuance of the Bonds. The Bonds shall be designated "Tourism Revenue Bonds, Two thousand (2000), Series A (Palmas del Mar Country Club Project), shall be dated the Date of Issuance and shall be numbered from RA-one (1) upwards. The interest rate or rates, maturity dates, amounts of the Bonds maturing on such dates, and the Amortization Requirements for the Term Bonds shall be as provided in one or more resolutions of the Board of Directors of the Authority authorizing the issuance thereof, which maturity dates and amounts may be supplemented or changed in a certificate executed by the Executive Director or the Assistant Executive Director of the Authority executed on the date of issuance of the Bonds or in the Contract of Purchase delivered by the Underwriter and executed by any such officer of I the Authority, as applicable, if provided for in said resolution or resolutions. ---The Bonds shall be executed substantially in the form and manner set forth in Exhibit A and shall be deposited with the Trustee for authentication, but before the Bonds shall be delivered by the Trustee, there shall be filed with the Trustee the following: -----(a) a copy, certified by the Secretary or any Assistant Secretary of the Authority, of the resolution of the Authority authorizing the issuance of and awarding such Bonds, specifying the interest rate or rates for the Bonds, authorizing the execution of the Loan Agreement, the Security Agreements and this Agreement, designating the Trustee and directing the authentication and delivery of the Bonds to or upon the order of the purchasers mentioned therein upon payment of the purchase price therein set forth and the accrued interest, if any, on said Bonds; -----(b) an executed counterpart of the Loan Agreement; -----(c) an ex...
Authorization of Bonds. (a) In order to provide funds for the Loan, Bonds of the Authority in the series designated “Independent Cities Finance Authority Mobile Home Park Revenue Refunding Bonds (Santa Xxxx Leisure Mobile Home Park), Series 2016” to be issued in the initial principal amount of $ (the “Bonds”) are hereby authorized. The Bonds are payable on a parity basis from the Trust Estate. There is hereby created by this Indenture, in the manner and to the extent provided herein, a continuing pledge and lien to secure the full and final payment of the principal and Redemption Price of and interest on all of the Bonds issued pursuant to this Indenture. The Bonds shall be special obligations of the Authority payable solely from the Trust Estate. No additional Bonds either on a senior, a parity or subordinate basis to the Bonds shall be issued under this Indenture.
(i) The Bonds shall be dated as of the Closing Date. The Bonds shall bear interest at the rates set forth herein, shall be numbered in such manner as the Trustee may deem appropriate so long as each Bond of each series receives a distinctive number and shall mature, subject to the right of prior redemption as described herein, and become payable as provided herein.
(ii) Interest on the Bonds shall be computed on the basis of a 360-day year consisting of twelve 30-day months, payable on 15 and 15 of each year, commencing 15, 2017. The Bonds shall be issued in the principal amounts, shall bear interest at the rates per annum, and shall mature on the dates set forth below: Principal Maturity Interest
Authorization of Bonds. 1. There is hereby created and established under this Indenture one issue of revenue bonds of the Authority, limited to $224,600,000 in aggregate principal amount, of "Facilities Revenue Bonds, Series 2001A (Consolidated Edison Company of New York, Inc. Project)". In order to distinguish between Bonds which are subject to different interest rate determination methods and other features and to distinguish the portion of the Bonds to be remarketed by any particular Remarketing Agent, the Bonds may be designated and redesignated from time to time by the Authority in such a way as to identify one or more subseries of the Bonds. Such subseries may be designated as subseries A-1, subseries A-2, or subseries A-3, as the case may be, or may be further redesignated as subseries A-1-1, subseries A-2-1, or subseries A-3-1, as the case may be, and so forth. Each Bond shall bear upon the face thereof such designation or redesignation, if any. In the event any series of Bonds is designated as one or more subseries, all references to a series of the Bonds in this Indenture shall refer to each such subseries unless the context otherwise requires. The Bonds, upon original issuance, shall be issued in three separate subseries designated as "2001A-1" in the principal amount of $74,900,000 (the "Series 2001A-1 Bonds"), "2001A-2" in the principal amount of $74,900,000 (the "Series 2001A-2 Bonds") and "2001A-3" in the principal amount of $74,800,000 (the "Series 2001A-3 Bonds").
2. The Bonds shall be secured by the Trust Estate. The lien, pledge, charge and assignment of the Trust Estate created hereby shall be valid and binding from the time of the effectiveness of this Indenture, as set forth in Section 17.11, and the Note Payments made under the Note and the Participation Agreement shall be immediately subject thereto upon receipt by the Trustee.
3. The Bonds are limited obligations of the Authority payable solely from payments to be made by the Company pursuant to the Note and the Participation Agreement and the other monies, rights and properties pledged hereunder including the proceeds of the Support Facility, if any, hereafter obtained with respect thereto and secured by a pledge from the Authority to the Trustee of the Participation Agreement and the Note. The Bonds shall not be a debt of the State of New York, and the State of New York shall not be liable thereon.
4. The covenants and agreements herein set forth to be performed by the Authority shall be for the benefit...
Authorization of Bonds. The Company will authorize the issue and sale of (i) $30,000,000 aggregate principal amount of its First Mortgage Bonds, 3.73% Series due 2033 (the “3.73% Series Bonds”), and (ii) $120,000,000 aggregate principal amount of its First Mortgage Bonds, 4.32% Series due 2043 (the “4.32% Series Bonds,” and together with the 3.73% Series Bonds, the “Bonds”) to be issued under and secured by that certain Indenture of Mortgage and Deed of Trust, dated as of September 1, 1944 (the “Original Mortgage”), between the Company, The Bank of New York Mellon Trust Company, N.A. (the “Principal Trustee”) and UMB Bank & Trust, N.A (with the Principal Trustee, the “Trustees,” and individually, a “Trustee”), as to be amended and supplemented by the Thirty-Ninth Supplemental Indenture, dated as of the Closing (the “Supplemental Indenture”), and entitled to the benefits thereof. The Original Mortgage, as heretofore supplemented and amended including, without limitation, by the Supplemental Indenture, and as may be supplemented and amended in the future, is hereinafter referred to as the “Mortgage.” The Supplemental Indenture, including the forms of the Bonds of each series, shall be in the form set out in Exhibit 1. The Mortgage creates and will create a first mortgage Lien on and a first security interest in the property of the Company described therein as being subjected to the Lien thereof, subject to permitted encumbrances, prepaid liens and Prior liens (each as defined in the Mortgage), and except (i) excepted property (as defined in the Mortgage) and (ii) such property as may have been released from the Lien thereof in accordance with the terms thereof (such property which at such time is subject to the Lien of the Mortgage being hereinafter referred to as the “Mortgaged Property”). Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.
Authorization of Bonds. There are hereby authorized to be issued Bonds of the Corporation to be designated as "Sales Tax Securitization Bonds," and there is hereby created a continuing pledge and lien as provided hereby to secure the payment of the principal and Redemption Price of and interest on all Outstanding Bonds. The Bonds shall be special obligations of the Corporation payable solely from the Trust Estate in the manner more particularly provided herein. The aggregate principal amount of Bonds which may be executed, authenticated and delivered is not limited except as provided hereby. DRAFT The Bonds may, if and when authorized by the Corporation pursuant hereto and to one or more Supplemental Indentures, be issued in one or more Series and the Bonds of each Series shall contain an appropriate Series designation. The Bonds shall not constitute an indebtedness or an obligation of the City, the State or any subdivision thereof within the purview of any constitutional or statutory limitation or provision or a charge against the general credit or taxing powers, if any, of any of them but shall be payable solely from the Sales Tax Revenues deposited with the Trustee.
