Authorization of Note. Pursuant to and in full compliance with the Redevelopment Law and this Resolution, and for the purpose of providing funds to pay or reimburse (a) the cost of acquiring, constructing, reconstructing, improving, extending, rehabilitating, installing, equipping, furnishing, and completing the Project, and (b) the costs of issuing the Note, the Authority shall issue the Note in a principal amount not to exceed $318,285. The Note shall be designated as “Community Redevelopment Authority of the City of Grand Island, Nebraska, Ebc Xxxxxxxxxx, Redevelopment Project Tax Increment Development Revenue Note,” shall have an appropriate series designation as determined by the Finance Director, shall be dated the Date of Original Issue, shall mature, subject to right of prior redemption, not later than the December 31, 2037, and shall bear interest at an annual rate of 0.00%. The Note shall be issued as a single Note as further described in Section 3.2. The Note is a special, limited obligation of the Authority payable solely from the Revenue and the amounts on deposit in the funds and accounts established by this Resolution. The Note shall not in any event be a debt of the Authority (except to the extent of the Revenue and other money pledged under this Resolution), the State, nor any of its political subdivisions, and neither the Authority (except to the extent of the Revenue and other money pledged under this Resolution), the City, the State nor any of its political subdivisions is liable in respect thereof, nor in any event shall the principal of or interest on the Note be payable from any source other than the Revenue and other money pledged under this Resolution. The Note does not constitute a debt within the meaning of any constitutional, statutory, or charter limitation upon the creation of general obligation indebtedness of the Authority and does not impose any general liability upon the Authority. Neither any official of the Authority nor any person executing the Note shall be liable personally on the Note by reason of its issuance. The validity of the Note is not and shall not be dependent upon the completion of the Project or upon the performance of any obligation relative to the Project. The Revenue and the amounts on deposit in the funds and accounts established by this Resolution are hereby pledged and assigned for the payment of the Note, and shall be used for no other purpose than to pay the principal of or interest on the Note, except as may be otherwis...
Authorization of Note. The Company has authorized the issuance of the Note.
Authorization of Note. On or prior to the Closing Date, the Company shall have authorized the (i) sale and issuance to Purchaser of the Note, and (ii) issuance of the Conversion Shares. The Note shall be substantially in the form attached hereto as EXHIBIT A. As used in this Agreement, "Note" shall include the Note issued pursuant to this Agreement, together with any Note issued in exchange therefor or replacement thereof and any Note which may be issued in payment of interest in accordance with the terms thereof.
Authorization of Note. The Company has authorized (a) the sale and issuance to the Investor of the Note and (b) the issuance of shares of its common stock, par value $0.0001 per share (the “Common Stock”), to be issued upon conversion of the Note (the “Conversion Shares”).
Authorization of Note. The Company will authorize the issuance and sale (the “Offering”) of a Convertible Note in the principal amount of US$15,000,000, accruing interest at the rate of 6% per annum (the “Note”, such term to include any such notes issued in substitution therefore pursuant to Section 14.3 of this Agreement) and due June 30, 2008 (the “Maturity Date”). The Note shall be substantially in the form set out in Exhibit 1, with such changes thereto, if any, as may be approved by you and the Company. Certain capitalized terms used in this Agreement are defined in Schedule B; references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.
Authorization of Note. The issuance, sale and delivery of the Note has been duly authorized by all requisite corporate action of the Corporation, and when issued, sold and delivered in accordance with this Agreement will be validly issued and outstanding, and not subject to any unwaived preemptive or any other similar rights of the shareholders of the Corporation or others. The reservation, issuance, sale and delivery of the Class B Preferred Stock and of the Common Stock issuable upon conversion of the Class B Preferred Stock (collectively, the "Reserved Shares") have been duly authorized by all requisite corporate action by the Corporation, and the Reserved Shares have been duly reserved by the Corporation. Upon the issuance and delivery of the Reserved Shares in accordance with the terms of this Agreement, the Note, or the Amendment, as applicable, such Reserved Shares will be validly issued and outstanding, fully paid and nonassessable, and not subject to any unwaived preemptive or any similar rights of shareholders of the Corporation or others.
Authorization of Note. Valor has authorized the issue and sale of a Secured Promissory Note due 1999 (the "Note", such term to include any notes issued in substitution therefore pursuant to this Agreement) in the principal amount of $2,500,000.00, substantially in the form set forth in Exhibit A, to bear interest as provided therein and to be paid in full on February 9, 1999. The Note is to be issued and sold upon the terms and conditions of this Agreement. Certain capitalized terms used in this Note Purchase Agreement (this "Agreement") are defined in Section 11; references to a "Schedule" or an "Exhibit" are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Valor and GTI are collectively referred to herein from time to time as the "Company"; to the extent referred to as the Company, the obligations of Valor and GTI shall be joint and several.
Authorization of Note. 1 (a) The Note....................................................... 1 (b) Authorization.................................................. 1
Authorization of Note. The Company will authorize the issue and sale of its 5.778% Senior Note due November 30, 2017 in the aggregate principal amount of $50,000,000 (the “Note,” such term to include any note or notes issued in substitution therefor pursuant to Article XIII of this Agreement). The Note shall be substantially in the form set out in Exhibit 1 with such changes therefrom, if any, as may be approved by the Purchaser and the Company. Certain capitalized terms used in this Agreement are defined in Annex A; references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.
Authorization of Note. The Company has authorized the issue and sale of the Note, a form of which is attached as Exhibit B.
