Common use of Execution and Authentication of Bonds Clause in Contracts

Execution and Authentication of Bonds. Each Bond shall be signed by the Chairman of the Authority and attested by the Secretary of the Authority in their official capacities (provided that any or all of those signatures may be facsimiles) and shall bear the seal or a facsimile of the seal, if any, of the Authority. In case any officer whose signature or a facsimile of whose signature appears on any Bond shall cease to be that officer before the issuance of the Bond, his signature or the facsimile thereof nevertheless shall be valid and sufficient for all purposes, the same as if he had remained in office until that time. Any Bond may be executed on behalf of the Authority by an officer who, on the date of execution is the proper officer, although on the date of the Bond that person was not the proper officer. No Bond shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Agreement unless and until a certificate of authentication, substantially in the form set forth in Exhibit B to this Agreement, shall have been signed by the Trustee. The authentication by the Trustee upon any Bond shall be conclusive evidence that the Bond so authenticated has been duly authenticated and delivered hereunder and is entitled to the security and benefit of this Agreement. The certificate of the Trustee may be executed by any person authorized by the Trustee, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date of its authentication of Bonds. No Bond shall be authenticated except in an authorized denomination.

Appears in 4 contracts

Samples: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co)

AutoNDA by SimpleDocs

Execution and Authentication of Bonds. Each Unless otherwise provided in the Bond Resolution or Supplemental Indenture, each Bond shall be signed by the Chairman any Authorized Official of the Authority Issuer and attested by the Secretary City Clerk of the Authority Issuer in their official capacities (provided that any or all of those signatures may be facsimiles) and shall bear the seal or a facsimile of the seal, if any, of the Authority). In case any officer whose signature or a facsimile of whose signature appears shall appear on any Bond OHSUSA:763098104.5 shall cease to be that officer before the issuance of the Bond, his such signature or the facsimile thereof nevertheless shall be valid and sufficient for all purposes, the same as if he or she had remained in office until that time. Any Bond may be executed on behalf of the Authority Issuer by an officer who, on the date of execution is the proper officer, although on the date of the Bond that person was not the proper officer. No Bond shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Agreement Indenture unless and until a certificate Trustee’s Certificate of authentication, Authentication and the Assignment of such substantially in the form set forth in Exhibit B A to this AgreementIndenture, shall have has been signed by the Trustee. The authentication by the Trustee upon any Bond shall be conclusive evidence that the Bond so authenticated has been duly authenticated and delivered hereunder and is entitled to the security and benefit of this AgreementIndenture. The certificate Trustee’s Certificate of the Trustee Authentication may be executed by any person authorized by the Trustee, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date of its authentication of Bonds. No Bond shall be authenticated except in an authorized denomination.

Appears in 1 contract

Samples: Trust Indenture

Execution and Authentication of Bonds. Each Unless otherwise provided in the applicable Supplemental Indenture, each Bond shall be signed in the name of the State by the Chairman Governor, the Treasurer and the Comptroller of the Authority and attested by the Secretary of the Authority in their official capacities State (provided that any or all of those signatures may be facsimiles) and shall bear the seal of the State or a facsimile of the seal, if any, of the Authoritythereof. In case any officer whose signature or a facsimile of whose signature appears shall appear on any Bond shall cease to be that officer before the issuance of the Bond, his or her signature or the facsimile thereof nevertheless shall be valid and sufficient for all purposes, the same as if he or she had remained in office until that time. Any Bond may be executed signed on behalf of the Authority State by an officer who, on the date of execution signing is the proper officer, although on the date of the Bond that person was not the proper officer. No Bond shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Agreement Indenture unless and until a certificate of authentication, substantially in the form set forth in Exhibit B to this Agreement, authentication shall have been manually signed by the Trustee or by any Authenticating Agent for that series on behalf of the Trustee. The authentication by the Trustee or by an Authenticating Agent upon any Bond shall be conclusive evidence that the Bond so authenticated has been duly authenticated and delivered hereunder and is entitled to the security and benefit of this AgreementIndenture. The certificate of the Trustee authentication may be executed signed by any person authorized by the TrusteeTrustee or Authenticating Agent, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date Bonds of its authentication of Bonds. No Bond shall be authenticated except in an authorized denominationa series.

Appears in 1 contract

Samples: Trust Indenture (Standard Parking Corp)

Execution and Authentication of Bonds. Each Unless otherwise provided in the applicable Bond Ordinance, each Bond shall be signed by the Chairman Mayor and the Clerk-Treasurer of the Authority and attested by the Secretary of the Authority in their official capacities Issuer (provided that any or all of those signatures such signature may be facsimiles) facsimile), and shall may bear the seal of the Issuer or a facsimile of the seal, if any, of the Authoritythereof. In case any officer whose signature or a facsimile of whose signature appears on any Bond shall cease to be that officer before the issuance of the Bond, his the officer's signature or the facsimile thereof nevertheless shall be valid and sufficient for all purposes, the same as if he or she had remained in office until that time. Any Bond may be executed on behalf of the Authority Issuer by an officer who, on the date of execution is the proper officer, although on the date of the Bond that person was not the proper officer. No Bond shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Agreement Indenture unless and until a certificate of authentication, substantially in the form set forth in Exhibit B EXHIBIT A to this AgreementIndenture, shall have has been signed by the Trustee or by any Authenticating Agent for that series on behalf of the Trustee. The authentication by the Trustee or by an Authenticating Agent upon any Bond shall be conclusive evidence that the Bond so authenticated has been duly authenticated and delivered hereunder and is entitled to the security and benefit of this AgreementIndenture. The certificate of the Trustee or an Authenticating Agent may be executed by any person authorized by the TrusteeTrustee or Authenticating Agent, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date of its authentication of Bonds. No Bond shall be authenticated except in an authorized denomination.

Appears in 1 contract

Samples: Trust Indenture (Escalade Inc)

Execution and Authentication of Bonds. Each Bond The Bonds shall be signed by executed in the Chairman name and on behalf of the Authority and with the manual or facsimile signature of an Designated Officer of the Authority with its seal affixed thereto attested by the Secretary manual or facsimile signature of the Authority in their official capacities (provided that any or all of those signatures an Designated Officer. Such seal may be facsimiles) and shall bear in the seal or form of a facsimile of the sealAuthority's seal and may be reproduced, if any, of imprinted or impressed on the AuthorityBonds. In case The Bonds shall then be delivered to the Trustee for authentication by the Trustee. If any officer whose signature or a facsimile of whose signature appears on any Bond shall cease ceases to be that such officer before the issuance delivery of the BondBonds to the purchaser, his such signature or the facsimile thereof shall nevertheless shall be valid and sufficient for all purposes, the same as effective as if he the officer had remained in office until that timethe delivery of the Bonds to the purchaser. Any Also, any Bond may be executed signed and attested on behalf of the Authority by an officer who, on such persons as at the date of execution is the proper officer, although on the actual date of the execution of such Bond that person was not shall be the proper officerofficers of the Authority although at the nominal date of such Bond any such person may not have been such officer of the Authority. No Bond Only such of the Bonds as shall bear thereon a certificate of authentication and registration in the form hereinbefore recited, manually signed and dated by the Trustee, shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under the benefits of this Agreement unless Trust Agreement, and until a such certificate of authentication, substantially in the form set forth in Exhibit B to this Agreement, shall have been signed by the Trustee. The authentication by the Trustee upon any Bond shall be conclusive evidence that the Bond so authenticated has Bonds have been duly authenticated authenticated, registered and delivered hereunder and is are entitled to the security and benefit benefits of this Trust Agreement. The certificate of the Trustee may be executed by any person authorized by the Trustee, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date of its authentication of Bonds. No Bond shall be authenticated except in an authorized denomination.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Execution and Authentication of Bonds. Each Unless otherwise provided in the applicable Bond Ordinance, each Bond shall be signed by the Chairman of the Authority Mayor and attested by the Secretary of the Authority in their official capacities Clerk (provided that any or all of those such signatures may be facsimiles) ), and shall may bear the seal of the Issuer or a facsimile of the seal, if any, of the Authoritythereof. In case any officer whose signature or a facsimile of whose signature appears on any Bond shall cease to be that officer before the issuance of the Bond, his the officer's signature or the facsimile thereof nevertheless shall be valid and sufficient for all purposes, the same as if he or she had remained in office until that time. Any Bond may be executed on behalf of the Authority Issuer by an officer who, on the date of execution is the proper officer, although on the date of the Bond that person was not the proper officer. No Bond shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Agreement Indenture unless and until a certificate of authentication, substantially in the form set forth in Exhibit B A to this AgreementIndenture, shall have has been signed by the Trustee for that series on behalf of the Trustee. The authentication by the Trustee upon any Bond shall be conclusive evidence that the Bond so authenticated has been duly authenticated and delivered hereunder and is entitled to the security and benefit of this AgreementIndenture. The certificate of the Trustee may be executed by any person authorized by the Trustee, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date of its authentication of Bonds. No Bond shall be authenticated except in an authorized denomination.

Appears in 1 contract

Samples: Loan Agreement (Jameson Inns Inc)

Execution and Authentication of Bonds. Each Unless otherwise provided in the applicable Bond Legislation or Supplemental Indenture, each Bond shall be signed and countersigned in the name of and on behalf of the Issuer by the Chairman of the Authority President and attested by the Secretary of the Authority Issuer in their official capacities (provided that any or all of those signatures may be facsimiles) and shall bear the seal or a facsimile of the seal, if any, of the Authority). In case any officer whose signature or a facsimile of whose signature appears shall appear on any Bond shall cease to be that officer before the issuance of the Bond, his signature or the facsimile thereof nevertheless shall be valid and sufficient for all purposes, the same as if he had remained in office until that time. Any Bond may be executed on behalf of the Authority Issuer by an officer who, on the date of execution is the proper officer, although on the date of the Bond that person was not the proper officer. No Bond shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Agreement Indenture unless and until a certificate of authentication, substantially in the form set forth in Exhibit B A to this AgreementIndenture, shall have has been signed by the Trustee. The authentication by the Trustee upon any Bond shall be conclusive evidence that the Bond so authenticated has been duly authenticated and delivered hereunder and is entitled to the security and benefit of this AgreementIndenture. The certificate of the Trustee may be executed by any person authorized by the Trustee, but it shall not be necessary that the same authorized person sign the certificates of authentication on all of the Bonds. In authenticating the Bonds, the Trustee shall add the date Bonds of its authentication of Bonds. No Bond shall be authenticated except in an authorized denominationa series.

Appears in 1 contract

Samples: Trust Indenture (Global Water Resources, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!