Bond Financing. Notwithstanding anything in these Procedures to the contrary, IPA shall not be required to perform any obligation hereunder or take any action in furtherance thereof that, in the sole opinion of IPA’s bond counsel, creates a risk that the use of any portion of the IPA Switchyard (or any other assets of IPA) in the manner provided in these Procedures will be treated as “private business use” under (and as defined in) section 141(b)(6) of the Internal Revenue Code; provided, however, that the foregoing shall not be applicable if Interconnection Customer first pays to IPA all costs and expenses of mitigating the effects of such private business use, including but not limited to the costs and expenses of IPA taking appropriate remedial action as directed by its bond counsel, in its bond counsel’s sole opinion required to eliminate such private business use, unless IPA shall reasonably determine to otherwise make provision for such remediation of such private business use.
Bond Financing. Landlord further agrees to -------------- assist with Developer's financing of the development of the Premises by cooperating reasonably with Developer and using reasonable efforts to sell or to cause any appropriate agency of the City of Long Beach to sell industrial development bonds as a source for such financing, if such action is legally permissible; by granting to or for the benefit of the holders of any special assessment or district bonds constituting a first lien on Developer's Leasehold Estate, or their trustee, rights and remedies of a similar nature afforded Leasehold Mortgagees under Section 4 hereof.
Bond Financing. The County intends to issue limited tax general obligation bonds to finance a portion of the costs of constructing the Justice Facility and Behavioral Health Treatment Center, and may utilize interim financing prior to issuance of such bonds. The Parties acknowledge that the County intends to issue bonds or enter into agreements for interim financing in reliance upon the commitments and agreements of the Parties reflected in this Agreement.
Bond Financing. Landlord acknowledges and agrees that (i) Landlord will enter into a taxable development bond financing arrangement (the “Tax Abatement Process”) with the Development Authority of Xxxxxxx County, a public body corporate and politic of the State of Georgia (the “Development Authority”), whereby the Property (or some portion thereof) will receive favorable ad valorem tax treatment in calendar years 2004 through and including 2011 with respect to Xxxxxxx County, Georgia ad valorem taxes, and (ii) Tenant shall receive its proportionate share of any actual tax reduction, rebate or abatement (the “Tax Savings”) relating to the Building and
Bond Financing. None of the Parent and its Subsidiaries may redeem any of the Bond Financing prior to the Bond Financing Maturity Date without the prior written consent of the Agent (acting on the instructions of all the Lenders and such consent not to be unreasonably withheld or delayed).
Bond Financing. Lessor's Bond indebtedness secured by the Hospital shall have been paid off or defeased to the satisfaction of Lessee.
Bond Financing. Lessor's Bond Financing shall have been paid off or defeased to the satisfaction of Lessee.
Bond Financing. The Developer proposes that the Bond Financing would be based on the following:
(i) The Bond Financing shall be in an amount sufficient to pay for all third party costs incurred by the Developer, MCOE and County under this Agreement and the Assignment, Development and Management Agreement that are not funded by third party grants, the Project Fee and the OR Fee (each defined below) (collectively, the “Project Costs”).
(ii) The amounts to be reimbursed to the MCOE, County, JPA and the Developer would be paid from Bond Financing proceeds;
(iii) The Bond Financing will not allow recourse to MCOE, County or JPA funds;
(iv) The JPA shall pledge the Ground Lease and Work Product as collateral for the Bond Financing; and
(v) The Bond Financing will include “A” series and “B” series bonds to pay the Project Costs and, to the extent the “A” series and “B” series bond proceeds are insufficient to pay the Project Costs in full, the County and MCOE will use commercially reasonable efforts to work with the JPA to issue and the Developer shall accept “C” series bonds to Developer or its designee in an amount sufficient to pay any shortfall in the payment of the Developer Costs, the Project Fee and the OR Fee in full. The Developer, at its initial cost, would prepare and provide all Project information necessary for the issuance of the Bond Financing. The Parties intend for the JPA to retain Orrick to prepare the documents related to the issuance of the Bond Financing for the parties’ review. The preparation of the initial drafts shall be done in consultation with the parties and their respective staff. Developer, at its initial expense, would pay the Orrick invoices associated with the preparation of the initial drafts of the Bond Financing Documents. It is the intent of the Parties that the JPA, at its initial expense, shall (A) review and finalize the draft Bond Financing Documents; (B) schedule (including the filing of the required notices) and conduct all hearings necessary for the consideration, approval and issuance of the Bond Financing; and (C) retain, direct and coordinate such professional consultants necessary for the performance of the foregoing. The Parties further intend that the JPA would provide the Developer with any proposed substantive changes to the draft Bond Financing Documents for review and comment.
Bond Financing. City hereby agrees to enter into an intergovernmental agreement with DSA to cause DSA to issue Bonds sufficient and at such times as are necessary to fund the payment obligations of the City hereunder and City and SHP will cooperate and diligently proceed with the actions that are required by each such party to facilitate an anticipated closing(s) of the Bonds as requested by SHP upon meeting the requirements set forth herein for reimbursement of the Phase 1 Infrastructure Improvements costs on or before December 31, 2029.
Bond Financing. If approved by the Mayor and City Council, the City expects to issue City General Fund backed bonds to generate sufficient proceeds for construction of the parking structure and other Project elements, establish necessary construction and debt service payment accounts and cover appropriate costs of issuance, solely supported by the parking garage revenue. The parking garage revenue is also expected to pay for operation and maintenance of the parking structure. The actual amount of proceeds to be generated from the expected offering is dependent on a number of factors, including the projected amount of the parking garage revenue, bond market conditions, credit assessments, and the cost of operating the parking structure.
