Common use of Authorization of Bonds Clause in Contracts

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, security and protection of any Holder of the Bonds. 5. Neither the Trustee nor any Holder of the Bonds shall be required to see that the monies derived from such Bonds are applied to the purpose or purposes for which such Bonds are issued. 6. The Bonds shall be issued under this Indenture for the purpose of paying a portion of the redemption price of the Prior Bonds. 7. The Bonds bearing a Commercial Paper Rate, a Daily Rate, a Weekly Rate or a Monthly Rate shall be fully registered Bonds in the denomination of $100,000 or any integral multiple thereof. The Bonds bearing an Auction Rate shall be fully registered Bonds in the denomination of $50,000 or any integral multiple thereof. The Bonds bearing a Semi-annual Rate, a Term Rate or a Fixed Rate shall be fully registered Bonds in the denomination of $5,000 or any integral multiple thereof. 8. The Bonds shall be numbered consecutively from "2001 A- [insert "1, 2 or 3", as appropriate]-1" upwards as issued, or as otherwise provided by the Registrar and Paying Agent. If the Bonds are redesignated to identify one or more additional subseries, the Bonds shall be numbered in accordance with their subseries designation. The Bonds shall mature on the Stated Maturity. 9. The Bonds shall be initially issued in fully registered form, without coupons, and dated their date of first authentication and delivery. 10. Upon any Change in the Interest Rate Mode to an Auction Rate for an Auction Rate Period, there shall be Outstanding an aggregate principal amount of not less than $20,000,000 of Auction Rate Bonds and in the applicable denominations set forth in Section 2.02.7.

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 55,000,000 in aggregate principal amount, of "Gas Facilities Revenue Bonds, Series 2001A Bonds (Consolidated Edison The Brooklyn Union Gas Company of d/b/a KeySpan Energy Delivery New York, Inc. York Project)". , 2005 Series B." 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 offered or remarketed by any particular underwriter or 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-1subSeries B-1, subseries A-2, subSeries B-2 or subseries A-3subSeries B-3, as the case may be, or may be further redesignated as subseries A-1subSeries B-1-1, subseries A-2subSeries B-1-1, 2 or subseries A-3subSeries B-1-13, 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 the Bonds is are designated or redesignated as one or more subseries, all references to a series of the Bonds "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 17.11Effective Date, and the Note Company Obligation Payments made under the Note Company Obligation 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 Company Obligation and the Participation Agreement and the other monies, rights and properties pledged hereunder including the proceeds of the Support Facility, if anyhereunder, hereafter obtained with respect thereto and secured by a pledge from the Authority to the Trustee of the Participation Agreement and the NoteCompany Obligation. 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, security and protection of any Holder of the BondsBonds and the Bond Insurer. 5. Neither the Trustee nor any Holder of the Bonds shall be required to see that the monies derived from such Bonds are applied to the purpose or purposes for which such Bonds are issued. 6. The Bonds shall be issued under this Indenture for the purpose of paying a portion of the redemption price of the Prior Bonds. 7. The Bonds bearing a Commercial Paper Rate, a Daily Rate, a Weekly Rate or a Monthly Rate shall be fully registered Bonds in the denomination of $100,000 or any integral multiple thereof. The Bonds bearing an Auction Rate shall be fully registered Bonds in the denomination of $50,000 or any integral multiple thereof. The Bonds bearing a Semi-annual Rate, a Term Rate or a Fixed Rate shall be fully registered Bonds in the denomination of $5,000 or any integral multiple thereof. 8. The Bonds shall be numbered consecutively from "2001 A- [insert "1, 2 or 3", as appropriate]-1" upwards as issued, or as otherwise provided by the Registrar and Paying Agent. If the Bonds are redesignated to identify one or more additional subseries, the Bonds shall be numbered in accordance with their subseries designation. The Bonds shall mature on the Stated Maturity. 9. The Bonds shall be initially issued in fully registered form, without coupons, and dated their date of first authentication and delivery. 10. Upon any Change in the Interest Rate Mode to an Auction Rate for an Auction Rate Period, there shall be Outstanding an aggregate principal amount of not less than $20,000,000 of Auction Rate Bonds and in the applicable denominations set forth in Section 2.02.7.

Authorization of Bonds. 1. There is hereby created and established under this Indenture one issue of revenue bonds of the Authority, limited to $224,600,000 292,700,000 in aggregate principal amount, of "Facilities Revenue Bonds, Series 2001A 1999A (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-11999A-1" in the principal amount of $74,900,000 97,600,000 (the "Series 2001A-1 1999A-1 Bonds"), "2001A-21999A-2" in the principal amount of $74,900,000 97,600,000 (the "Series 2001A-2 1999A-2 Bonds") and "2001A-31999A-3" in the principal amount of $74,800,000 97,500,000 (the "Series 2001A-3 1999A-3 Bonds"). 2. 2a 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. 3a 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. 4a The covenants and agreements herein set forth to be performed by the Authority shall be for the benefit, security and protection of any Holder of the Bonds. 5. 5a Neither the Trustee nor any Holder of the Bonds shall be required to see that the monies derived from such Bonds are applied to the purpose or purposes for which such Bonds are issued. 6. 6a The Bonds shall be issued under this Indenture for the purpose of paying a portion of the redemption price of the Prior Bonds. 7. 7a The Bonds bearing a Commercial Paper Rate, a Daily Rate, a Weekly Rate or a Monthly Rate shall be fully registered Bonds in the denomination of $100,000 or any integral multiple thereof. The Bonds bearing an Auction Rate shall be fully registered Bonds in the denomination of $50,000 or any integral multiple thereof. The Bonds bearing a Semi-annual Rate, a Term Rate or a Fixed Rate shall be fully registered Bonds in the denomination of $5,000 or any integral multiple thereof. 8. 8a The Bonds shall be numbered consecutively from "2001 A- 1999A- [insert "1, 2 or 3", as appropriate]-1" upwards as issued, or as otherwise provided by the Registrar and Paying Agent. If the Bonds are redesignated to identify one or more additional subseries, the Bonds shall be numbered in accordance with their subseries designation. The Bonds shall mature on the Stated Maturity. 9. 9a The Bonds shall be initially issued in fully registered form, without coupons, and dated their date of first authentication and delivery. 10. 10a Upon any Change in the Interest Rate Mode to an Auction Rate for an Auction Rate Period, there shall be Outstanding an aggregate principal amount of not less than $20,000,000 of Auction Rate Bonds and in the applicable denominations set forth in Section 2.02.7.

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 98,000,000 in aggregate principal amount, of "Facilities Revenue Bonds, Series 2001A 2001B (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 offered or remarketed by any particular underwriter or 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-1B-1, subseries A-2B-2, or subseries A-3B-3, as the case may be, or may be further redesignated as subseries A-1B-1-1, subseries A-2B-2-1, or subseries A-3B-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-12001B-1" in the principal amount of $74,900,000 33,000,000 (the "Series 2001A-1 2001B-1 Bonds"), "2001A-22001B-2" in the principal amount of $74,900,000 33,000,000 (the "Series 2001A-2 2001B-2 Bonds") and "2001A-32001B-3" in the principal amount of $74,800,000 32,000,000 (the "Series 2001A-3 2001B-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, security and protection of any Holder of the Bonds. 5. Neither the Trustee nor any Holder of the Bonds shall be required to see that the monies derived from such Bonds are applied to the purpose or purposes for which such Bonds are issued. 6. The Bonds shall be issued under this Indenture for the purpose of paying a portion of the redemption price of the Prior Bonds. 7. The Bonds bearing a Commercial Paper Rate, a Daily Rate, a Weekly Rate or a Monthly Rate shall be fully registered Bonds in the denomination of $100,000 or any integral multiple thereof. The Bonds bearing an Auction Rate shall be fully registered Bonds in the denomination of $50,000 25,000 or any integral multiple thereof. The Bonds bearing a Semi-annual Rate, a Term Rate or a Fixed Rate shall be fully registered Bonds in the denomination of $5,000 or any integral multiple thereof. 8. The Bonds shall be numbered consecutively from "2001 A- 2001B- [insert "1, 2 or 3", as appropriate]-1" upwards as issued, or as otherwise provided by the Registrar and Paying Agent. If the Bonds are redesignated to identify one or more additional subseries, the Bonds shall be numbered in accordance with their subseries designation. The Bonds shall mature on the Stated Maturity. 9. The Bonds shall be initially issued in fully registered form, without coupons, and dated their date of first authentication and delivery. 10. Upon any Change in the Interest Rate Mode to an Auction Rate for an Auction Rate Period, there shall be Outstanding an aggregate principal amount of not less than $20,000,000 of Auction Rate Bonds and in the applicable denominations set forth in Section 2.02.7.