COVENANTS OF THE AUTHORITY. So long as the Note is outstanding and unpaid, the Authority will (through its proper officers, agents or employees) faithfully perform and abide by all of the covenants, undertakings and provisions contained in this Resolution or in the Note, including the following covenants and agreements for the benefit of the Owner which are necessary, convenient and desirable to secure the Note and will tend to make them more marketable; provided, however, that such covenants do not require either the City or the Authority to expend any money other than the Revenue nor violate the provisions of State law with respect to tax revenue allocation.
COVENANTS OF THE AUTHORITY. The Authority covenants and agrees with the Owners of the Bonds as follows:
COVENANTS OF THE AUTHORITY. Section 5.01. Performance of Covenants, Authority 26 Section 5.02. Laws, Permits and Obligations 27 Section 5.03. Tax Covenants 27 Section 5.04. Bonding and Insurance 27 Section 5.05. Other Liabilities 27 Section 5.06. Proper Books and Records 27 Section 5.07. Reporting Requirements 28 Section 5.08. Visitation and Examination 29 Section 5.09. Further Assurances 30 Section 5.10. Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Additional Debt or Obligations; Subordinate Obligations 30 Section 5.12. Continued Existence 30 Section 5.13. Restructuring 30 Section 5.14. Authority Operations 30 Section 5.15. Administrative Expenses 30 Section 5.16. Material Adverse Action 30 Section 5.17. No Change in Senior Financing Documents; No Inconsistent Action 31 Section 5.18. Removal or Appointment of Agents 31 Section 5.19. References to Bank 31 Section 5.20. Termination of Agreement 31 Section 5.21. No Priority Claim 31 Section 5.22. Use of Proceeds 31 Section 5.23. Additional Covenants Related to Anti-Corruption Laws; PATRIOT Act 31
COVENANTS OF THE AUTHORITY. So long as the Commitment is outstanding and until all Obligations shall have been paid in full, the Authority hereby covenants and agrees, to do the following, unless the Lender shall otherwise consent in writing:
COVENANTS OF THE AUTHORITY. 24 Section 5.01 Observance of Covenants and Payment of Bonds. 24 Section 5.02 Further Security 24 Section 5.03 Title to Trust Estate 24 Section 5.04 Payment of Taxes on Leased Premises 24 Section 5.05 Existence; Compliance with Laws 24 Section 5.06 Payment of Taxes by Trustee 24 Section 5.07 Books of Record and Account 24 Section 5.08 Maintenance of Leased Premises 25 Section 5.09 No Disposition of Leased Premises 25 Section 5.10 Incurring Indebtedness 25 Section 5.11 Use of Proceeds of Bonds 25 Section 5.12 Lease; Acquisition or Construction of Leased Premises 25 Section 5.13 Pursuit of Remedies upon Default 25 Section 5.14 Tax Matters 26 ARTICLE VI. INSURANCE; CONDEMNATION 27 Section 6.01 Insurance. 27
COVENANTS OF THE AUTHORITY. Section 5.1. The Authority covenants and agrees that it will faithfully do and perform, and at all times faithfully observe, any and all covenants, undertakings, stipulations and provisions contained in each and every bond issued hereunder, and will duly and punctually pay or cause to be paid the principal of said bonds and the interest thereon, at the times and places, and in the manner mentioned in the bonds, according to the true intent and meaning thereof.
COVENANTS OF THE AUTHORITY. 6.01. Payment of Principal and Interest.................................. 27 6.02. Extension or Funding of Claims for Interest........................ 27 6.03.
COVENANTS OF THE AUTHORITY. So long as the 2016 Senior Loan is outstanding and while any obligations hereunder or under any of the other Senior Financing Documents are unpaid or outstanding, the Authority continuously warrants and agrees as follows:
COVENANTS OF THE AUTHORITY. The Authority shall fail to observe or perform any of its other agreements, covenants or obligations under this Indenture and such failure is not remedied within 30 days after written notice thereof is given by the Trustee to the Authority.
COVENANTS OF THE AUTHORITY. During the term of this Agreement, and until the obligations of the Authority to the Bank under this Agreement and the Bank Documents are paid in full and the Bank has no further commitment under the Letter of Credit, unless the Bank shall otherwise consent in writing, the Authority covenants and agrees as follows:
