District Obligation: Reimbursement to County Sample Clauses

District Obligation: Reimbursement to County. The District agrees to reimburse the County the amount of the District Contribution by the issuance of District road bonds as authorized by the Act and pursuant to this Section. The District agrees to include in a road bond issue or issues the District Contribution, plus interest at the rate of interest of the District’s bonds; however, in the event the County must borrow to pay its Engineering Costs, the District will reimburse the County its interest costs at the interest rate of the County’s bonds. The District will comply with all regulatory requirements and will issue its road bonds at the earliest possible time when deemed economically feasible by the District’s financial advisor, but in no event (1) earlier than six months after satisfaction of the Conditions to Reimbursement in Section C below or (2) later than twenty-four months after satisfaction of the Conditions to Reimbursement in Section C below. The County agrees to provide to the District any information or certifications required by regulatory authorities in order for the District to issue its road bonds and comply with its reimbursement obligation under this Agreement.
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Related to District Obligation: Reimbursement to County

  • District Obligations District shall:

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  • Additional Obligations of Applicant Section 8.1.

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