District Bonds. If the Owner or the District fail to comply with the terms and conditions of this Agreement after notice and opportunity to cure, such failure shall operate to prohibit the District from taking any actions to issue Bonds until the failure has been cured. The County shall have the right to enjoin the issuance of Bonds during any period in which such a material breach exists.
District Bonds. In furtherance of the foregoing, for the purpose of financing a portion of the District Improvements and portion of the District Improvements (including paying amounts due under the District Reimbursement Agreement), the District has agreed to issue (i) its Special Revenue Bonds, Series 2019A in the aggregate principal amount of $_________ (the “Series 2019A Bonds”) and its Special Revenue Bonds, Taxable Series 2019B in the aggregate principal amount of $_________ (the “Series 2019B Taxable Bonds” and together with the Series 2019A Bonds, the “Senior Bonds”), pursuant to an Indenture of Trust (Senior) to be dated as of [_____], 2019 (the “Senior Indenture”) between the District and BOK Financial, a division of BOKF, NA, as trustee (the “Senior Bond Trustee”), and (ii) its Subordinate Special Revenue Bonds, Series 2019C in the aggregate principal amount of $_________ (the “Subordinate Bonds” and together with the Senior Bonds, the “District Bonds”) pursuant to an Indenture of Trust (Subordinate) to be dated as of _____, 2019 (the “Subordinate Indenture” and together with the Senior Indenture, the “Indentures”) between the District and BOK Financial, a division of BOKF, NA as trustee (the “Subordinate Bond Trustee” and together with the Senior Bond Trustee, the “Trustee”). In connection with the District Bonds, the Authority has agreed to pledge the Pledged Revenues to repayment thereof pursuant to the Pledge Agreement. The District has pledged the Authority Pledged Revenues for payment of the District Bonds. Developer and the District hereby agree to comply with all obligations of the Developer and the District, as applicable, in the Bond Documents and otherwise reasonably cooperate with the Authority as necessary and appropriate to allow the Authority to comply with its obligations under the Bond Documents.
District Bonds. (a) The District may issue District Bonds to pay for Eligible Costs or reimburse the Developer for Eligible Costs and to apply the proceeds of the District Bonds as authorized under this Agreement. The District shall irrevocably pledge the District Pledged Revenue to the payment of such District Bonds. The Net Proceeds of such District Bonds will be subject to requisition by Developer to pay or reimburse Eligible Costs upon receipt of a requisition substantially in accordance with the requirements set forth in Exhibit C.
(b) The Net Proceeds of such District Bonds available to pay Eligible Costs shall not exceed Twenty Eight Million, Eight Hundred Thousand Dollars ($28,800,000), subject to adjustment as provided in Section 4.7. The District Bonds shall be issued in an amount not exceeding:
(i) $28,800,000 of Net Proceeds to pay Eligible Costs, subject to adjustment as provided in Section 4.7;
(ii) Costs of Issuance not exceeding the following maximum percentages of the applicable series of District Bonds: for District Bonds up to Fifteen Million ($15,000,000), the maximum percentage shall be 4%; for District Bonds between Fifteen Million ($15,000,000) and Twenty Five Million ($25,000,000), the maximum percentage shall be 3.75%; and for District Bonds in excess of Twenty Five Million ($25,000,000), the maximum percentage shall be 3.5%;
(iii) Town Costs in an amount not exceeding $ _ in total aggregate principal amount for all series of District Bonds, subject to adjustment as provided in Section 4.7;
(iv) Pre-Financing Costs in an amount not exceeding Three Hundred Thousand ($300,000) in total aggregate principal amount for all series District Bonds, subject to adjustment as provided in Section 4.7;
(v) Capitalized interest for not more than three years from the date of issuance of the applicable series of District Bonds;
(vi) A Reasonably Required Reserve; and
(vii) A supplemental reserve fund in an amount not exceeding the maximum annual principal and interest due on District Bonds, to the extent required by existing market conditions at the time of issuance of the applicable series of District Bonds.
(c) Unless authorized/approved by the Town in writing, District Bonds shall be issued:
(i) with a maturity no longer than twenty-five years from the date of issuance of the applicable series of District Bonds;
(ii) as fixed rate bonds with an interest rate not exceeding the Index Rate on the date of issuance of such District Bonds plus 80 basis points;
(iii)...
District Bonds. If the DISTRICT fails to approve, execute, and deliver this AGREEMENT to the CITY as required by Section E.2., and if the CITY does not terminate this Agreement, such failure shall operate to prohibit the DISTIRCT from taking any actions to issue Bonds until the failure has been cured. The City shall have the right to enjoin the issuance of Bonds during any period in which such a material breach exists.
District Bonds. Subject to the requirements of Section 5.7, the District may issue, or cause to be issued on its behalf, District Bonds in an amount sufficient to refund all or a portion of the outstanding District Notes. If the District is unable for any reason to refund all of the outstanding District Notes, the District may issue District Bonds to refund only a portion of the District Notes and the District and the Developer agree to subordinate any remaining District Notes to such District Bonds.
District Bonds. The Trustee, as assignee of the Authority’s rights pursuant to Section 4.01, shall (subject to the provisions of this Indenture) collect all amounts due as principal and interest on District Bonds from the District and, subject to the provisions hereof, shall enforce,
District Bonds. Any and all obligations or liabilities of District relating to the District Bonds, except as expressly agreed upon in writing by District, AH Mendocino and Stone Point Health.
District Bonds. Section 8.0 of the Agreement, including subsections 8.1, 8.2 and 8.3, is hereby deleted in its entirety and replaced with “Intentionally Omitted.”
District Bonds. (a) District Bonds may be issued in one or more series by the District to pay for Eligible Costs or reimburse the Developer for Eligible Costs and to apply the proceeds of the District Bonds as authorized under this Agreement, including without limitation, payment of the Costs of Issuance and Town Costs. It is the intention of the Parties that all Pledged Revenues shall be pledged to the payment of outstanding District Bonds. The proceeds of such District Bonds will be subject to requisition by the Developer to pay or reimburse Eligible Costs and to requisition by the Town to pay or reimburse Town Costs upon receipt of a requisition substantially in accordance with the requirements set forth in the District Bond Documents.
(b) The District Bonds shall be issued in one or more series in an aggregate principal amount not exceeding an amount that can be serviced by the then-projected Pledged Revenue, as reasonably determined by the District.
(c) Prior to the issuance of any District Bonds, the substantially final drafts of the District Bond Documents shall be provided to the Town, which shall be accompanied by a Plan of Finance. The Town shall be permitted to review the District Bond Documents and Plan of Finance to confirm compliance with this Agreement, the Operating Plan, and related documents. The Town will have ten
District Bonds. The term "
