Common use of Company Approval of Issuance of Bonds Clause in Contracts

Company Approval of Issuance of Bonds. The governing body of the Issuer has adopted the Bond Resolution authorizing the execution of this Loan Agreement and the Indenture and the issuance of the Bonds. The Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's approval of the Bond Resolution and the Indenture shall be the Company's agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become valid and binding covenants and obligations of the Company so long as the Bonds, premium, if any, and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to pay, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body of the Issuer has adopted the Bond Resolution authorizing the execution of this Loan Agreement and the Indenture and the issuance of the Bonds. The Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's approval of the Bond Resolution and the Indenture shall be the Company's agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become valid and binding covenants and obligations of the Company so long as the Bonds, premium, if any, and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to pay, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body (a) In consideration of the covenants and agreements set forth in this Agreement, and to enable the Issuer has adopted to issue the Bond Resolution authorizing Bonds to carry out the execution of intents and purposes hereof, this Loan Agreement and the Indenture and is executed to assure the issuance of such Bonds, and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the Indenture securing the Bonds, of amounts required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender, or otherwise), and at such time as will assure payment on the due date thereof, all of the principal of, redemption premium, if any, and interest on, the Bonds. Each such payment is hereby designated as a “Loan Payment”, and collectively such payments are hereby designated as “Loan Payments”. The Company hereby approves agrees to make, or cause to be made, each Loan Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Resolution Fund, as provided in the Indenture. (b) By execution and delivery of this Agreement, the Company hereby approves the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment and agreement of the Company that the Bonds, when issued, sold sold, and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner Bondholder is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's ’s approval of the Bond Resolution and the Indenture shall be the Company's ’s agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become valid unconditional, valid, and binding covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to paymake, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body (a) Simultaneously with the authorization of this Agreement by the Board of Directors of the Issuer Issuer, such Board has adopted the Bond Resolution authorizing Resolution. In consideration of the execution of covenants and agreements set forth in this Loan Agreement, and to enable the Issuer to issue the Bonds to carry out the intents and purposes hereof, this Agreement and the Indenture and is executed to assure the issuance of such Bonds, and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the Indenture, of amounts not less than those required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender, or otherwise), all of the principal of, redemption premium, if any, and interest on, and Purchase Price of, the Bonds, and all other payments required in connection with such Bonds, the Agreement, or the Indenture. Each such payment is hereby designated as an "Installment Payment", and collectively such payments are hereby designated as "Installment Payments". The Company hereby agrees to make, or cause to be made, each Installment Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Fund, or, in the case of an Installment Payment in respect of Purchase Price, into the Bond Purchase Fund, all as provided in the Indenture. (b) By execution and delivery of this Agreement, the Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes consti- tutes the acknowledgment acknowledgement and agreement of the Company that the Bonds, when issued, sold sold, and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner Bondholder is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's approval of the Bond Resolution and the Indenture shall be the Company's agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become valid uncondi- tional, valid, and binding covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to paymake, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body of the Issuer has adopted the Bond Resolution authorizing the execution of this Loan Agreement and the Indenture and the issuance of the Bonds. The Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's ’s approval of the Bond Resolution and the Indenture shall be the Company's ’s agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become valid and binding covenants and obligations of the Company so long as the Bonds, premium, if any, and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to pay, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body of the Issuer has adopted the Bond Resolution authorizing the execution of this Loan Agreement and the Indenture and the issuance of the Bonds. The Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's approval of the Bond Resolution and the Indenture shall be the Company's agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become unconditional, valid and binding covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to pay, promptly when due, all Installment Loan Sale Payments and Purchase Price Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, unconditional and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body (a) Simultaneously with the authorization of this Agreement by the City Council of the Issuer Issuer, such City Council has adopted the Bond Resolution authorizing Ordinance. In consideration of the execution of covenants and agreements set forth in this Loan Agreement, and to enable the Issuer to issue the Bonds to carry out the intents and purposes hereof, this Agreement and the Indenture and is executed to assure the issuance of such Bonds and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the Indenture securing the Bonds, of amounts not less than those required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender or otherwise), and at such time as will assure payment on the due date thereof, all of the principal of, redemption premium, if any, and interest on, the Bonds, and all other payments required in connection with such Bonds, this Agreement or the Indenture. Each such payment is hereby designated as a “Rent Payment,” and collectively such payments are hereby designated as “Rent Payments.” The Company hereby agrees to make, or cause to be made, each Rent Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Fund, as provided in the Indenture. (b) By execution and delivery of this Agreement, the Company hereby approves the Bond Resolution Ordinance, the Indenture and the IndentureTax Regulatory Agreement. It is hereby agreed that the foregoing approval of the Bond Resolution Ordinance, the Indenture and the Indenture Tax Regulatory Agreement constitutes the acknowledgment and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution Ordinance and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner Bondholder is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's ’s approval of the Bond Resolution Ordinance, the Indenture and the Indenture Tax Regulatory Agreement shall be the Company's ’s agreement that all covenants and provisions in this Loan Agreement Agreement, the Indenture and the Indenture Tax Regulatory Agreement affecting the Company shall, upon the delivery of the Bonds and the Indenture, become unconditional, valid and binding covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to paymake, promptly when due, all Installment Loan Rent Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The Simultaneously with the authorization of this Agreement by the governing body of the Issuer, the governing body of the Issuer has adopted the Bond Resolution authorizing and authorized the execution of this Loan Agreement and the Indenture and the issuance of the BondsIndenture. The Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment acknowledgement and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's ’s approval of the Bond Resolution and the Indenture shall be the Company's ’s agreement that all pledges, covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become unconditional, valid and binding pledges, covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to pay, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The Simultaneously with the authorization of this Agreement by the governing body of the Issuer Issuer, the governing body has adopted the Bond Resolution authorizing and authorized the execution of this Loan Agreement and the Indenture and the issuance of the BondsIndenture. The Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment acknowledgement and agreement of the Company that the Bonds, when issued, sold and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's approval of the Bond Resolution and the Indenture shall be the Company's agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become unconditional, valid and binding covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to pay, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.

Company Approval of Issuance of Bonds. The governing body (a) Simultaneously with the authorization of this Agreement by the Board of Directors of the Issuer Issuer, such Board has adopted the Bond Resolution authorizing Resolution. In consideration of the execution of covenants and agreements set forth in this Loan Agreement, and to enable the Issuer to issue the Bonds to carry out the intents and purposes hereof, this Agreement and the Indenture and is executed to assure the issuance of such Bonds, and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the Indenture, of amounts not less than those required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender, or otherwise), all of the principal of, redemption premium, if any, and interest on, and Purchase Price of, the Bonds, and all other payments required in connection with such Bonds, the Agreement, or the Indenture. Each such payment is hereby designated as an "Installment Payment", and collectively such payments are hereby designated as "Installment Payments". The Company hereby agrees to make, or cause to be made, each Installment Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Fund, or, in the case of an Installment Payment in respect of Purchase Price, into the Bond Purchase Fund, all as provided in the Indenture. (b) By execution and delivery of this Agreement, the Company hereby approves the Bond Resolution and the Indenture. It is hereby agreed that the foregoing approval of the Bond Resolution and the Indenture constitutes the acknowledgment acknowledgement and agreement of the Company that the Bonds, when issued, sold sold, and delivered as provided in the Bond Resolution and the Indenture, will be issued in accordance with and in compliance with this Loan Agreement, notwithstanding any other provisions of this Loan Agreement or any other contract or agreement to the contrary. Any Registered Owner Bondholder is entitled to rely fully and unconditionally on the foregoing approval. Notwithstanding any provisions of this Loan Agreement or any other contract or agreement to the contrary, the Company's approval of the Bond Resolution and the Indenture shall be the Company's agreement that all covenants and provisions in this Loan Agreement and the Indenture affecting the Company shall, upon the delivery of the Bonds and the Indenture, become valid unconditional, valid, and binding covenants and obligations of the Company so long as the Bonds, premium, if any, Bonds and the interest thereon are outstanding and unpaid. Particularly, the obligation of the Company to paymake, promptly when due, all Installment Loan Payments specified in this Loan Agreement and the Indenture shall be absolute and unconditional, and said obligation may be enforced as provided in this Loan Agreement and the Indenture.