Common use of County Bonds Clause in Contracts

County Bonds. The Authority shall, at least ten (10) but no more than fifteen (15) Business Days prior to the pricing of the County Bonds, provide StadCo Notice of the net construction proceeds expected to be generated from the issuance of the County Bonds. StadCo may no later than five (5) Business Days after its receipt of such notice provide notice to the Authority that StadCo does not desire the County to issue the County Bonds as proposed. If StadCo provides notice to the Authority within such time period that StadCo does not desire the County to issue the County Bonds as proposed, or if StadCo fails to provide a notice to the Authority within such time period, then the Authority shall notify the County that it is rescinding its request that the County issue general obligation bonds pursuant to Section 34 of the Act. At any time thereafter, StadCo may give notice of XxxxXx’s intent to abandon its request for public financing (a “Notice of Intent to Abandon”), and upon such notice each Party covenants that promptly after the issuance of any Notice of Intent to Abandon it shall take all necessary actions as described below to reverse and unwind each of the Project Documents (the “Unwinding”). Notwithstanding the other provisions of this Section 5.8(a), if the Authority fails to provide StadCo with the aforementioned Notice of pricing of the County Bonds by [ ], then at any time after [ ] and prior to [ ], StadCo may also deliver a Notice of Intent to Abandon.

County Bonds. The Authority shall, at least ten (10) but no more than fifteen (15) Business Days prior to the pricing of the County Bonds, provide StadCo Notice of the net construction proceeds expected to be generated from the issuance of the County Bonds. StadCo may no later than five (5) Business Days after its receipt of such notice provide notice to the Authority that StadCo does not desire the County to issue the County Bonds as proposed. If StadCo provides notice to the Authority within such time period that StadCo does not desire the County to issue the County Bonds as proposed, proposed or if StadCo fails to provide a notice to the Authority within such time period, then the Authority shall notify the County that it is rescinding its request that the County issue general obligation bonds pursuant to Section 34 36 of the Act. At any time thereafter, StadCo may give notice of XxxxXx’s intent to abandon its request for public financing (a “Notice of Intent to Abandon”), and upon such notice each Party covenants that promptly after the issuance of any Notice of Intent to Abandon it shall take all necessary actions as described below to reverse and unwind each of the Project Documents (the “Unwinding”). Notwithstanding the other provisions of this Section 5.8(a), if the Authority fails to provide StadCo with the aforementioned Notice of pricing of the County Bonds by [ ]June 30, 2018, then at any time after [ ] June 30, 2018 and prior to [ ]Xxxxx 00, StadCo 0000, XxxxXx may also deliver a Notice of Intent to Abandon.

County Bonds. The Authority shall, at least ten (10) but no more than fifteen (15) Business Days prior to the pricing of the County Bonds, provide StadCo a Notice of the net construction proceeds expected to be generated from the issuance of the County Bonds. StadCo may may, no later than five (5) Business Days after its receipt of such notice notice, provide notice Notice to the Authority that StadCo does not desire the County to issue the County Bonds as proposed. If StadCo does not provide Notice to the Authority that StadCo does not desire the County to issue the County Bonds as proposed within such five (5) Business Day period, the Authority shall take no action to stop the County from proceeding with the issuance of the County Bonds. If StadCo provides notice Notice to the Authority within such time period that StadCo does not desire the County to issue the County Bonds as proposed, or if StadCo fails to provide a notice to the Authority within such time period, then the Authority shall notify the County that it is rescinding its request that the County issue general obligation bonds pursuant to Section 34 of the Act, and StadCo and the Authority shall attempt to resolve the dispute regarding the timing for the issuance of the County Bonds pursuant to the Alternative Dispute Resolution Procedures. At any time thereafter, StadCo may give notice Notice of XxxxXxStadCo’s intent to abandon its request for public financing (a “Notice of Intent to Abandon”), and upon such notice Notice each Party covenants that promptly after the issuance of any Notice of Intent to Abandon it shall take all necessary actions as described below to reverse and unwind each of the Project Documents (the “Unwinding”). Notwithstanding the other provisions of this Section 5.8(a), if the Authority fails to provide StadCo with the aforementioned Notice of pricing of the County Bonds by [ ]July 1, 2028, then at any time after [ ] July 1, 2028 and prior to [ ]April 1, 2029, StadCo may also deliver a Notice of Intent to Abandon.

County Bonds. The Authority shall, at least ten (10) but no more than fifteen (15) Business Days prior to the pricing of the County Bonds, provide StadCo Notice of the net construction proceeds expected to be generated from the issuance of the County Bonds. StadCo may no later than five (5) Business Days after its receipt of such notice provide notice to the Authority that StadCo does not desire the County to issue the County Bonds as proposed. If StadCo provides notice to the Authority within such time period that StadCo does not desire the County to issue the County Bonds as proposed, proposed or if StadCo fails to provide a notice to the Authority within such time period, then the Authority shall notify the County that it is rescinding its request that the County issue general obligation bonds pursuant to Section 34 36 of the Act. At any time thereafter, StadCo may give notice of XxxxXx’s intent to abandon its request for public financing (a “Notice of Intent to Abandon”), and upon such notice each Party covenants that promptly after the issuance of any Notice of Intent to Abandon it shall take all necessary actions as described below to reverse and unwind each of the Project Documents (the “Unwinding”). Notwithstanding the other provisions of this Section 5.8(a), if the Authority fails to provide StadCo with the aforementioned Notice of pricing of the County Bonds by [ ], 2018, then at any time after [ ] and prior to [ ], 2018, StadCo may also deliver a Notice of Intent to Abandon.