Common use of Authorization of Bonds Clause in Contracts

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. (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 Rancho Vallecitos Mobile Home ParkEstates), Series 20162013” 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 May 15 and November 15 of each year, commencing November 15, 20172013. 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 Amount Maturity InterestDate

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 ParkPalomar Estates East and West), Series 20162015” 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, 20172015. 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 Amount Maturity InterestDate Interest Rate

Authorization of Bonds. (a) In order to provide funds for the Loan, Bonds of the Authority in the series designated (i) “Independent Cities Finance Authority Mobile Home Park Revenue Refunding Bonds (Santa Xxxx Leisure Mobile Home ParkPillar Ridge), Series 20162014A” to be issued in the initial principal amount of $ (the “Series A Bonds”) and (ii) “Independent Cities Finance Authority Mobile Home Park Subordinate Revenue Refunding Bonds (Pillar Ridge), Series 2014B” to be issued in the initial principal amount of $ (the “Series B Bonds”), are hereby authorized. The Series A Bonds are payable on a parity basis from the Series A Bonds Trust Estate. The Series B Bonds are issued on a subordinate basis to the Series A Bonds as set forth herein. 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 Series A Bonds Trust EstateEstate as to the Series A Bonds and the Series B Bonds Trust Estate as to the Series B Bonds. No additional Bonds either on a senior, a parity or subordinate basis to either series of 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, 20172014. The Series A 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 Amount Maturity InterestDate The Series B 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 Amount Maturity Date