Bond Issuance. At the time financing is needed for the construction of a new station, the financing will be provided by the following method: Unless otherwise unanimously agreed upon, one of the Parties will provide financing for the cost to construct a station (the “Financer City”), including any costs associated with the financing, and each of the other Parties will annually reimburse t the Financer City for its portion of the debt service payment based on the cost formula. Should a station be constructed in the allotted timeline for reimbursement of the land acquisition costs, the Financer City will include the land acquisition costs in the financing and each Party will be repaid via the financing proceeds for their portion of the land acquisition. If the Station is not constructed in the time frame that is necessary to include the property acquisition costs as part of the financing, each Party will be responsible for their proportionate share of the property acquisition costs in accordance with the cost share formula in effect at the time.
Bond Issuance. The Bonds shall be issued, sold and delivered on such terms and conditions as the Authority, in its reasonable discretion, deems necessary or desirable. User hereby agrees to cooperate with the Authority and its designated representatives, and to provide all reasonably requested material relating to the User, in order to timely accomplish such authorization, issuance, sale and delivery of the Bonds; provided that such cooperation does not constitute an agreement to issue any land use permits. However, User covenants to promptly process all applications of the Authority for necessary land use permits. The Authority shall issue Bonds only for that portion of the Project's Construction that is not funded by prepaid Service Payments from Users..
Bond Issuance. (A.) The Loan shall be evidenced by bonds to be issued by CITY in accordance with Indiana law ("Bonds"). The Bonds evidencing the Loan shall be paid in full by the CITY to the SIB, acting by and through INDOT, in accordance with the terms of this Agreement and with the final terms of the Bonds, which shall be certified to INDOT by the CITY on the Closing Date (defined below) and constitute the plan for repayment of the Loan.
Bond Issuance. After the Closing but not later than the Bond Issuance Deadline, at IGU’s request, the Authority shall issue Bonds, in one or more series, in the form of conduit revenue bonds supported by the State of Alaska’s moral obligation; proceeds of such Bonds will be loaned to IGU to finance component parts of the Project. The issuance of the Bonds shall be subject to the terms and conditions of a trust indenture and loan agreement and, including the following:
Bond Issuance. On or prior to the Effective Date, the Borrower shall have received cash proceeds from the Bond Issurance of at least $250,000,000 gross and at least $240,000,000 net of fees, expenses and other transaction costs. On the Effective Date, (i) the Bond Issuance shall have been consumated in accordance with the terms and conditions of the Bond Issuance Documents and all applicable law, (ii) the Administrative Agent shall have received true and correct copies of all Bond Issuance Documents, in each case certified by a Responsible Officer of the Borrower, (iii) all Bond Issuance Documents and all terms and conditions thereof (including, without limitation, amortization, maturities, interest rates, covenants, defaults, remedies, guaranties and guarantors) shall be in form and substance reasonably satisfactory to the Administrative Agent and (iv) all such Bond Issuance Documents shall be in full force and effect. All conditions precedent to the consummation of the Bond Issuance and as set forth in the Bond Issuance Documents therefor, shall have been satisfied, and not waived unless consented to by the Administrative Agent and the Majority Lenders, to the reasonable satisfaction of the Administrative Agent. The funding of the initial Borrowing hereunder shall evidence the satisfaction of the foregoing conditions except to the extent that the Borrower and the other Credit Parties have agreed to fulfill conditions to the initial Borrowing following the date of this Agreement pursuant to Section 5.17.
Bond Issuance. No later than one hundred eighty (180) days after the City conveys title of the Redevelopment Site to the Developer, but not prior to written notice from the Developer that Developer has secured financing acceptable to the Developer, the City shall issue the bonds in the gross amount of $14,000,000. The City, in its sole discretion, may initiate two or more bond issues, including: 1) bond issue(s) designed to be tax-exempt which will be limited to the reimbursement of only those TIF Eligible Improvements that are not considered to be private activity bonds or which would result in the making of private payments in violation of the tax exempt nature of the bonds (“Tax Exempt Bonds”); and 2) other bond issue(s) that may or may not be considered tax exempt (“Additional Bonds”). The City shall cooperate with the Developer to provide assurance to the Developer’s lender in regard to the bond issue, and the City shall cooperate with the Developer and Developer’s lender in regard to the timing of the bond issue.
Bond Issuance. At the time financing is needed for the construction of a new station, the financing will be provided by one of the two following methods: To the extent as authorized by law, the Board shall have the authority to independently issue bonds or obligations and use said proceeds to carry out the purpose of this agreement, construction of the Project. Said bonds or obligations may be issued in accordance with the express authority granted by the City Councils of each Party. In the alternative, one of the cities will provide financing for the cost to construct a station, including any costs associated with the financing, and each city will annually reimburse the financing City for their portion of the debt service payment based on the cost formula. Should a station be constructed in the allotted timeline for reimbursement of the land acquisition costs, the City will include the land acquisition costs in the financing and each City will be repaid via the financing proceeds for their portion of the land acquisition. If the Station is not constructed in the time frame that is necessary to include the property acquisition costs as part of the financing, each city will be responsible for their proportionate share of the property acquisition costs in accordance with the cost share formula in effect at the time.
Bond Issuance. At the request of Developer, the City shall issue TDD Bonds in such maximum principal amount that can be supported and repaid from the revenues generated by the TDD Sales Tax. The revenues from the TDD Sales Tax generated within the TDD Area shall be deposited in the TDD Bond Fund and utilized to pay the principal and interest on the TDD Bonds. Developer contemplates the issuance of no more than three series of TDD bonds based upon the amount of TDD Sales Tax generated and/or signed retail leases with covenants to open that will generally support the amount of bonds that are requested. The maximum term of the TDD Bonds shall not be longer than 22 years from the date the bonds are issued. b.
Bond Issuance. If Developers desires to pursue a Facilities CFD, City and Developers agree that, with the consent of Developers and to the extent permitted by law, City and Developers shall use their best efforts to cause bonds to be issued and in amounts sufficient to affect the purposes of this section.
Bond Issuance. The City has successfully issued the First Bonds which satisfy all the requirements for tax exempt bonds and the rates for the bonds issued are estimated to be economically feasible.
