Description and Purpose of the Bonds. The Bonds have been authorized pursuant to the Constitution and laws of the State and particularly the Act. The Bonds shall be dated the date of delivery. The Bonds shall be issued and secured under and pursuant to the Indenture of Trust dated as of July 1, 2022 (the “Indenture”), by and between the Issuer and Wilmington Trust, National Association, as trustee (the “Trustee”). The proceeds of the Bonds will be loaned to the Company pursuant to a Loan and Guaranty Agreement dated as of July 1, 2022 and effective as of the Closing Date (as defined below) (the “Loan Agreement”) by and among the Company, certain subsidiaries of the Company, and the Issuer. The proceeds of the sale of the Bonds will be used to finance the acquisition, construction, and equipping of solid waste disposal facilities, including wood fuel pellet manufacturing facilities to be located at 700 Xxxx xx Xxxx Xxxxxxx, Livingston, Alabama 35470 (the “Project”), and (b) paying certain costs and expenses related to the issuance of the Bonds. The Bonds will be secured pursuant to the provisions of the Act and the Indenture. Contemporaneously herewith, (i) the Company has delivered to the Underwriters and the Issuer the Representation and Indemnity Agreement, substantially in the form attached hereto as Appendix A (the “Indemnity Agreement”), signed by a duly authorized representative of the Company, requesting the issuance, sale and delivery of the Bonds on the terms and conditions set forth herein and in the hereinafter defined Official Statement. The Bonds shall mature in the years, bear interest, be purchased at the prices and be subject to optional and mandatory sinking fund redemption at the times and in the amounts, all as set forth in Schedule I attached hereto. The authorized denominations, payment dates, and other details and particulars of the Bonds shall be as described in the Indenture and the Official Statement.
Description and Purpose of the Bonds. The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture, dated as of July 1, 2012, as amended and supplemented by the First Supplemental Indenture, dated as of July 1, 2013 (together, the “Master Indenture”), and the Second Supplemental Indenture, dated as of April 1, 2014 (the “Second Supplemental Indenture” and, together with the Master Indenture, the “Indenture”), by and between the Authority and Xxxxx Fargo Bank, N.A., as Trustee (the “Trustee”). The Bonds are subject to redemption as provided in Schedule I attached hereto and the Indenture.
Description and Purpose of the Bonds. The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture, dated as of July 1, 2015 (the “Indenture”), by and between the Authority and Xxxxx Fargo Bank, N.A., as Trustee (the “Trustee”). The Bonds are subject to redemption as provided in Schedule I attached hereto and the Indenture. The Authority previously issued its Public Facilities Financing Authority of the City of San Diego, Lease Revenue Refunding Bonds, Series 2007A (Ballpark Refunding) in the aggregate principal amount of $156,560,000 (the “Refunded Bonds”) pursuant to an Indenture, dated as of March 1, 2007 (the “Prior Indenture”), between the Authority and the Trustee, as Trustee for the Refunded Bonds (the “Prior Trustee”). In connection with the issuance of the Bonds, the City will lease certain real property belonging to the City, together with the portion of the improvements located thereon that are owned by the City, consisting of the baseball park minus certain improvements owned by the San Diego Padres major league baseball team (the “Leased Property”), to the Authority pursuant to the Amended and Restated Site Lease, dated as of July 1, 2015 (the “Site Lease”), and the Authority will lease back the Leased Property to the City pursuant to the Amended and Restated Ballpark Facility Lease, dated as of July 1, 2015 (the “Facility Lease”). The Authority’s rights, title and interests in and to the Site Lease and the Facility Lease have been assigned by the Authority to the Trustee, and such assignment will be reaffirmed by the Authority pursuant a Third Reaffirmation of Assignment Agreement, dated as of July 1, 2015 (the “Assignment Agreement”), by and between the Authority and the Trustee. In connection with the refunding of the Refunded Bonds, the Authority and Xxxxx Fargo Bank, N.A., as escrow agent with respect to the Refunded Bonds (the “Escrow Agent”) will enter into an Escrow Agreement, dated as of July 1, 2015 (the “Escrow Agreement”). The Bonds are limited obligations of the Authority payable from and secured by Revenues held in the Revenue Fund (as defined in the Indenture) comprised primarily of all base rental payments made by the City pursuant to the Facility Lease (the “Base Rental Payments”), prepayments, insurance proceeds and condemnation proceeds. The proceeds of the sale of the Bonds will be used for the purpose of enabling the Authority to provide funds to (i) refund the...
Description and Purpose of the Bonds. The Bonds shall be issued pursuant to a Bond Ordinance adopted by the Town Council of Issuer (the “Council”) on July 19, 2021 (the “Bond Ordinance”). The Bonds are being issued to: (i) finance construction, replacement and update of current wastewater treatment facilities and related sanitary sewer system improvements; (ii) [fund the Reserve Account]; and (iii) pay the costs of issuance of the Bonds.
Description and Purpose of the Bonds. The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture, dated as of [ ] 1, 2012 (the “Indenture”), by and between the Authority and Wilmington Trust, National Association, as trustee (the “Trustee”). The Bonds are subject to redemption as provided in Schedule I attached hereto and the Indenture. The Bonds are limited obligations of the Authority payable from and secured by Revenues (as defined in the Indenture) held in the Revenue Fund comprised primarily of all Base Rental Payments, prepayments, insurance proceeds, and condemnation proceeds. Pursuant to a Site Lease, dated as of [ ] 1, 2012 (the “Site Lease”), by and between the City and the Authority, the City will lease to the Authority certain real property belonging to the City, together with the buildings located thereon owned by the City (collectively, the “Leased Property”), and pursuant to a Facilities Lease, dated as of [ ] 1, 2012 (the “Facilities Lease”), by and between the Authority and the City, the Authority will sublease the Leased Property to the City, and the City will be required to make Base Rental Payments sufficient to pay debt service on the Bonds as provided in the Facilities Lease. The proceeds of the sale of the Series 2012A Bonds will be used for the purpose of enabling the Authority to provide funds to (i) assist the City in financing a portion of the costs of the acquisition, construction, installation and equipping of a parking facility and certain other capital improvements described in the City’s capital improvement program, and (ii) pay certain costs of issuance associated with the Bonds.
Description and Purpose of the Bonds. (a) The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable as provided in the Indenture.
(b) The Bonds are authorized to be issued pursuant to the Joint Exercise of Powers Act (being Chapter 5 of Division 7 of Title 1 of the California Government Code, as amended) and all laws amendatory thereof or supplemental thereto (the “Act”). The Bonds are limited obligations of the Authority and, as and to the extent set forth in the Indenture, are payable solely from and secured by a pledge, charge and lien upon the Revenues (as defined in the Indenture), which are derived from Base Rental Payments and other payments made by the City and received by the Authority, and all interest or other investment income thereon, pursuant to the Facility Lease, dated as of December 1, 2019 (the “2019 Facility Lease”), as amended by the First Amendment to Facility Lease, dated as of March 1, 2021 (the “First Amendment to Facility Lease,” and together with the 2019 Facility Lease , the “Facility Lease”), each by and between the Authority and the City, and certain other moneys and securities held by the Trustee as provided in the Indenture.
(c) The proceeds of the Bonds will be used to: (i) redeem the Authority’s outstanding Lease Revenue Refunding Bonds, Series 2011 (the “Prior Bonds”); and (ii) pay the costs incurred with the issuance and sale of the Bonds.
Description and Purpose of the Bonds. The Bonds have been authorized pursuant to Chapters 46A-1 and 46A-2, South Dakota Codified Laws, as amended (the “Act”) and the Series Resolution. The Bonds shall be dated the date of delivery. The Bonds shall be issued and secured under and pursuant to the Master Trust Indenture. The proceeds of the sale of the Bonds will be used to provide funds for loans to the City of Sioux Falls, South Dakota under the District’s Clean Water State Revolving Fund Program. The Bonds will be secured under the provisions of the Act and the Master Trust Indenture. The Bonds shall mature in the years, bear interest, be purchased at the prices and be subject to optional and mandatory redemption at the times and in the amounts, all as set forth in Schedule I attached hereto. The Authorized Denominations, Record Dates, Interest Payment Dates, Sinking Fund Payment Dates, and other details and particulars of the Bonds shall be as described in the Master Trust Indenture, the Series Resolution (including the Bond Order issued thereunder) and the Official Statement (as defined below) of the District.
Description and Purpose of the Bonds. The Bonds have been authorized pursuant to FASTER, the Supplemental Public Securities Act, C.R.S. title 11, article 57, part 2, as amended (the “Supplemental Securities Act”), the Public Securities Refunding Act, C.R.S. title 11, article 56, as amended (the “Refunding Act” and together with FASTER, the “Act”) and Resolution #BE-24-[__]-[__] adopted by the Board of Directors of the Enterprise (the “Enterprise Board”) on November [21], 2024 (the “Authorizing Resolution”). The Bonds shall be issued and secured under and pursuant to that certain Master Trust Indenture dated as of December 15, 2010 (the “2010 Master Indenture”) entered into between the Enterprise and Xxxxx Fargo Bank, N.A. (as succeeded by Zions Bancorporation, National Association), as trustee (the “Senior Trustee”), as amended and supplemented by the 2010 Supplemental Trust Indenture dated as of December 15, 2010, the 2017 Supplemental Trust Indenture dated as of December 21, 2017 (the “2017 Supplemental Indenture”), the 2019 Supplemental Trust Indenture dated as of December 3, 2019 (the “2019 Supplemental Indenture”), the 2024 Supplemental Trust Indenture dated as of April 16, 2024 (the “2024 Supplemental Trust Indenture”), and the 2024B Supplemental Trust Indenture to be dated as of December [__], 2024 (the “2024B Supplemental Indenture”), each by and between the Enterprise and the Senior Trustee (the 2010 Master Indenture, as supplemented by the above-reference supplemental indentures, is referred to as the “Senior Indenture”). The proceeds of the sale of the Bonds [along with certain moneys to be contributed by the Enterprise] will be used for the purposes of (a) refunding and defeasing all of the outstanding Revenue Bonds, Senior Taxable Build America Series 2010A (the “Refunded Bonds”), and (b) paying the costs of issuing the Bonds. The Bonds are special, limited obligations of the Enterprise payable solely from and secured by a pledge of and lien on the Trust Estate established under the Senior Indenture, which consists of Revenues and certain other amounts deposited in the Bridge Special Fund. A substantial part of the Revenues will consist of the Bridge Surcharges imposed by the Enterprise upon the registration of certain vehicles in the State. The Bonds will be issued with a pledge of and lien on the Trust Estate on parity with the BTE’s Senior Revenue Refunding Bonds, Series 2019A (the “Series 2019A Bonds”) issued pursuant to the 2019 Supplemental Indenture and any additional Senio...
Description and Purpose of the Bonds. The Bonds shall be issued pursuant to an Indenture of Trust, dated as of November 1, 2017 (the “Indenture”), by and between the City and U.S. Bank National Association, as trustee (the “Trustee”). The Bonds are being issued to: (i) prepay a portion of three outstanding Installment Sale Agreements dated as of July 1, 1998, March 1, 2005 and January 1, 2007 (collectively, the “Prior Installment Sale Agreements”), respectively, each by and between the City and the Lompoc Public Financing Authority (the “Authority”), which together with the prepayment of the remaining portion of such Prior Installment Sale Agreements as a result of the concurrent issuance of the City’s Water Refunding Revenue Bonds 2017 Series A (the “Water Bonds”), will cause the redemption of the series of Authority bonds secured by each Prior Installment Sale Agreement (collectively, the “Prior Bonds”); (ii) fund a reserve fund for the Bonds; and (iii) pay costs of issuance of the Bonds. The issuance of the Bonds is contingent upon the concurrent issuance of the Water Bonds.
Description and Purpose of the Bonds. The Bonds have been authorized pursuant to the Constitution and laws of the State and particularly the Act. The Bonds shall be dated the date of delivery. The Bonds shall be issued and secured under and pursuant to the Indenture of Trust dated as of July 1, 2022 (the “Indenture”), by and between the Issuer and Wilmington Trust, National Association, as trustee (the “Trustee”). The proceeds of the Bonds will be loaned to the Company pursuant to a Loan and Guaranty Agreement dated as of July 1, 2022 and effective as of the Closing Date (as defined below) (the “Loan Agreement”) by and among the Company, certain subsidiaries of the Company, and the Issuer. The proceeds of the sale of the Bonds will be used to finance the acquisition, construction, and equipping of solid waste disposal facilities, including wood fuel pellet manufacturing facilities to be located at 700 Xxxx xx Xxxx Xxxxxxx, Livingston, Alabama 35470 (the “Project”), and (b) paying certain costs and expenses related to the issuance of the Bonds. The Bonds will be secured pursuant to the provisions of the Act and the Indenture. Contemporaneously herewith, (i) the Company has delivered to the Underwriters and the Issuer the Representation and Indemnity Agreement, substantially in the form attached hereto as Appendix A (the “Indemnity Agreement”), signed by a duly authorized representative of the Company, requesting the issuance, sale and delivery of the Bonds on the terms and conditions set forth herein and in the hereinafter defined Official Statement. The Bonds shall mature in the years, bear interest, be purchased at the prices and be subject to optional and mandatory sinking fund redemption at the times and in the amounts, all as set forth in Schedule I attached hereto. The authorized denominations, payment dates, and other details and particulars of the Bonds shall be as described in the Indenture and the Official Statement.
