Conditions for the Issuance of Additional Bonds. The Authority may at any time issue one or more Series of Additional Bonds [(in addition to the Series 2023A Bonds and the Series 2023_ Bonds)] payable from Base Rental Payments as provided herein on a parity with all other Bonds theretofore issued hereunder, but only subject to the following conditions, which are hereby made conditions precedent to the issuance of such Additional Bonds:
(a) The issuance of such Additional Bonds shall have been authorized under and pursuant hereto and shall have been provided for by a Supplemental Indenture which shall specify the following:
(i) The application of the proceeds of the sale of such Additional Bonds, which proceeds shall be used solely to finance capital improvements to the Project or to refund first, the Series 2023_ Bonds and second, the other Outstanding Bonds;
(ii) The principal amount and designation of such Series of Additional Bonds and the denomination or denominations of such Additional Bonds;
(iii) The date, the maturity date or dates, the interest payment dates and the dates on which mandatory sinking fund redemptions, if any, are to be made for such Additional Bonds; provided, however, that [(A) the serial Bonds of such Series of Additional Bonds shall be payable as to principal annually on 1 of each year in which principal falls due, and the Term Bonds of such Series of Additional Bonds shall have annual mandatory sinking fund redemptions on 1, (B) the Additional Bonds shall be payable as to interest semiannually on 1 and
(iv) The redemption premiums and terms, if any, for such Additional Bonds;
(v) The form of such Additional Bonds; and
(vi) Such other provisions that are appropriate or necessary and are not inconsistent with the provisions hereof;
(b) The Manager shall be in compliance with all agreements, conditions, covenants and terms contained in the Management Agreement and the other Financing Documents to which it is a party required to be observed or performed by it;
(c) The Authority shall be in compliance with all agreements, conditions, covenants and terms contained in the Indenture and the other Financing Documents to which it is a party required to be observed or performed by it;
(d) The City shall be in compliance with all agreements, conditions, covenants and terms contained in the Indenture and the other Financing Documents to which it is a party required to be observed or performed by it;
(e) The Ground Lease and the Lease Agreement shall have been amended, (i) so as to increase...
Conditions for the Issuance of Additional Bonds. The Authority may at any time issue Additional Bonds pursuant to a Supplemental Trust Agreement, payable from the Revenues as provided herein and secured by a pledge of and charge and lien upon the Revenues as provided herein equal to the pledge, charge and lien securing the Outstanding Bonds theretofore issued hereunder, but only subject to the following specific conditions, which are hereby made conditions precedent to the issuance of any such Additional Bonds:
(a) The Authority shall be in compliance with all agreements and covenants contained herein.
(b) The Supplemental Trust Agreement shall require that the proceeds of the sale of such Additional Bonds shall be applied to the acquisition (by purchase or lease) or construction of facilities to be added to the Facilities or for the refunding of Outstanding Bonds.
(c) The aggregate principal amount of Bonds issued and at any time Outstanding hereunder shall not exceed any limit imposed by law, by this Trust Agreement or by any Supplemental Trust Agreement.
(d) The Facilities Lease shall have been amended, if necessary, and duly recorded in the official records of the County Recorder of the County, so that the Base Rental Payments payable by the County thereunder in each Fiscal Year shall at least equal Debt Service, including Debt Service on the Additional Bonds, in each Fiscal Year.
(e) The Facilities Lease shall have been amended and duly recorded in the official records of the County Recorder of the County, so as to lease to the County the project being financed from the proceeds of such Additional Bonds or facilities of comparable worth and economic life.
(f) If the proceeds of such Additional Bonds are to be used, in whole or in part, to finance construction on real property not described in the Facilities Lease and which are to be the leased Facilities hereunder or the additional Facilities to be leased are not situated on property described in the Facilities Lease, (1) the Site Lease shall have been amended so as to lease to the Authority such additional real property; and (2) the Facilities Lease shall have been amended so as to lease to the County such additional real property.
(g) If the additional Facilities to be leased are to be constructed, the Trustee shall be paid an amount of capitalized interest on the Additional Bonds for the estimated period of construction and six months thereafter.
(h) If a Supplemental Trust Agreement shall provide for a Reserve Fund, then, if necessary, that from...
Conditions for the Issuance of Additional Bonds. At the request of the County, the Authority may at any time issue Additional Bonds pursuant to a Supplemental Indenture, payable from the Revenues, and secured by a pledge of and charge and lien upon the Revenues, as provided herein equal to the pledge, charge and lien securing any Outstanding Bonds, but only subject to the following specific conditions, which are hereby made conditions precedent to the issuance of any Additional Bonds:β
(a) No Event of Default has occurred or is continuing under the Indenture, Lease or Site Lease.
(b) The Supplemental Indenture shall require that the proceeds of the sale of such Additional Bonds shall be applied to finance or refinance Additional Projects or to refund Outstanding Bonds or Additional Bonds previously issued.
(c) In the case of Additional Bonds issued for refunding purposes, the County shall provide to the Authority written evidence that the total principal and interest payments due on the Additional Bonds to maturity are less than the total principal and interest payments to maturity on the Bonds or Additional Bonds refunded with the proceeds of such Additional Bonds.
(d) The Lease shall have been amended, if necessary, so as to increase the Base Rental Payments payable by the County thereunder in each Fiscal Year by an amount equal to the principal of and interest on such Additional Bonds.
Conditions for the Issuance of Additional Bonds. The Authority may at any time issue Additional Bonds payable from the Revenues as provided herein and secured by a pledge of and charge and lien upon the Revenues as provided herein equal to the pledge, charge and lien securing the Outstanding Bonds theretofore issued hereunder, but only subject to the following specific conditions, which are hereby made conditions precedent to the issuance of any such Additional Bonds:
(a) The Authority shall be in compliance with all agreements and covenants contained herein and shall not be in default hereunder.
(b) The issuance of such Additional Bonds shall have been authorized pursuant to the Act and shall have been provided for by a Supplemental Trust Agreement which shall specify the following:
(1) The purpose for which such Additional Bonds are to be issued; provided that such Additional Bonds shall be applied solely for (i) the purpose of financing the completion of the Series 2015 Project or financing an Additional Project, including payment of all costs incidental to or connected with such financing, and/or