Common use of Execution of Bonds Clause in Contracts

Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed on behalf of the Authority by the signature of the Chair or the Executive Officer or the written designee of either of them and the signature of the Secretary of the Authority who are in office on the date of execution and delivery of this Indenture. Bonds executed on or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases to be such officer before delivery of the Bonds to the purchaser, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the purchaser. Any Bond may be signed and attested on behalf of the Authority or the Administrator by such persons as at the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, although on the date of such Bond any such person shall not have been such officer of the Authority or the Administrator. Only such of the Bonds as shall bear thereon a Certificate of Authentication in the form hereinbefore set forth, manually executed and dated by the Trustee, shall be valid or obligatory for any purpose or entitled to the benefits of this Indenture, and such Certificate shall be conclusive evidence that such Bonds have been duly authenticated and delivered hereunder and are entitled to the benefits of this Indenture. In the event temporary Bonds are issued pursuant to Section 2.09 hereof, the temporary Bonds may bear thereon a Certificate of Authentication executed and dated by the Trustee, may be initially registered by the Trustee, and, until so exchanged as provided under Section 2.09 hereof, the temporary Bonds shall be entitled to the same benefits pursuant to this Indenture as definitive Bonds authenticated and delivered hereunder.

Appears in 1 contract

Samples: www.fora.org

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Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed on behalf of the Authority Issuer by the its Chairman or Vice-Chairman under its corporate seal impressed or otherwise reproduced thereon and attested by its Secretary. The signature of the Chair or the Executive Officer or the written designee any of either of them and the signature these officers of the Secretary Issuer on the Bonds may be manual or, to the extent permitted by law, facsimile. In case any officer of the Authority who are in office Issuer whose signature shall appear on the date of execution and delivery of this Indenture. Bonds executed on or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases cease to be such officer before the delivery of the Bonds to the purchasersuch Bonds, such signature shall nevertheless be as effective valid and sufficient for all purposes, the same as if the officer he had remained in office until the delivery delivery. Section 204. Authentication of the Bonds to the purchaser. Any Bond may be signed and attested on behalf of the Authority or the Administrator by such persons as at the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, although on the date of such Bond any such person shall not have been such officer of the Authority or the AdministratorBonds. Only such of the Bonds as shall bear have endorsed thereon a Certificate certificate of Authentication authentication substantially in the form hereinbefore set forthforth as part of Exhibit A hereto, manually duly executed and dated by the TrusteeTrustee or by any Authenticating Agent, shall be entitled to any right or benefit under this Indenture. No Bond shall be valid or obligatory for any purpose unless and until such certificate of authentication shall have been duly executed by the Trustee or entitled to the benefits of this Indentureby any Authenticating Agent, and such Certificate executed certificate upon any such Bond shall be conclusive evidence that such Bonds Bond has been authenticated and delivered under this Indenture. The certificate of authentication on any Bond shall be deemed to have been duly authenticated executed if signed by an officer of the Trustee or any Authenticating Agent, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Bonds issued under this Indenture. Section 205. Payment and delivered hereunder and are entitled Ownership of Bonds. Debt Service on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject to the benefits provisions of Section 214 of this Indenture. In , (a) the event temporary Bonds are issued pursuant principal of and any premium on any Bond shall be payable when due to Section 2.09 hereofa Holder upon presentation and surrender of such Bond at the Trustee’s Office or at the office, the temporary Bonds may bear thereon a Certificate of Authentication executed and dated designated by the Trustee, may of any other Paying Agent, and (b) interest on any Bond shall be initially registered paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent on that date to the Person in whose name the Bond (or one or more Predecessor Bonds) is registered, at the close of business on the Record Date applicable to that Interest Payment Date, on the Register at the address appearing therein. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever moneys become available for payment of that overdue interest and any subsequently accruing interest, (i) the Trustee shall, pursuant to Section 604 hereof, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten days prior to the date of the proposed payment, and (ii) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each Holder at its address as it appears on the Register not fewer than ten days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons who are the Holders of the Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; payment of or on account of the Debt Service on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; and neither the Issuer, the Trustee, andthe Registrar nor any Paying Agent or Authenticating Agent shall, until so exchanged as provided under Section 2.09 hereofto the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the temporary Bonds shall be entitled interest thereon, to the same benefits pursuant to this Indenture as definitive Bonds authenticated and delivered hereunderextent of the amount or amounts so paid.

Appears in 1 contract

Samples: Trust Indenture (Hyco International, Inc.)

Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed signed in the name and on behalf of the Authority Issuer with the manual or facsimile signature of its Mayor and attested by the manual or facsimile signature of the Chair or City Clerk. The Bonds shall then be delivered to the Executive Officer or the written designee of either of them and the signature Registrar for authentication by it. In case any officer who shall have signed any of the Secretary of the Authority who are in office on the date of execution and delivery of this Indenture. Bonds executed on or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases cease to be such officer before the Bonds so signed or attested shall have been authenticated or delivered by the Registrar or issued by the Issuer, such Bonds may nevertheless be authenticated, delivered and issued and, upon such authentication, delivery and issuance, shall be as binding upon the Issuer as though those who signed and attested the same had continued to be such officers of the Bonds to the purchaserIssuer. Also, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the purchaser. Any any Bond may be signed and attested on behalf of the Authority or the Administrator Issuer by such persons as at on the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, although on the nominal date of such Bond any such person shall not have been such officer of the Authority or the Administratorofficer. Only such of the Bonds as shall bear thereon a Certificate certificate of Authentication authentication in the form hereinbefore set forthforth in Exhibit A hereto, manually executed and dated by the TrusteeRegistrar, shall be valid or obligatory for any purpose or entitled to the benefits of this Indenture, and such Certificate certificate of the Registrar shall be conclusive evidence that such the Bonds so authenticated have been duly authenticated and delivered hereunder and are entitled to the benefits of this Indenture. In Upon authentication of any Bond, the event temporary Bonds are issued Registrar shall set forth on such Bond (1) the date of such authentication and (2) in the case of a Bond bearing interest at a Flexible Interest Rate -25- Forsyth Series 1998A Trust Indenture and not registered in the book-entry system pursuant to Section 2.09 2.10 hereof, the temporary Bonds may bear thereon a Certificate of Authentication executed and dated by the Trustee, may be initially registered by the Trustee, and, until so exchanged as provided under Section 2.09 hereofsuch Flexible Interest Rate, the temporary Bonds shall be entitled day next succeeding the last day of the applicable Flexible Segment, the number of days comprising such Flexible Segment and the amount of interest to the same benefits pursuant to this Indenture as definitive Bonds authenticated and delivered hereunderaccrue during such Flexible Segment.

Appears in 1 contract

Samples: Enron Corp/Or/

Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed signed in the name and on behalf of the Authority County with the manual or facsimile signature of its Chair and attested by the manual or facsimile signature of its County Clerk, under seal of the Chair County Clerk. Such seal may be in the form of a facsimile of the County Clerk's seal and may be imprinted or impressed upon the Bonds. The Bonds shall then be delivered to the Registrar or the Executive Officer Tender Agent for authentication by the Registrar or the written designee of either of them and Tender Agent, as the signature case may be; provided that upon initial issuance the Bonds shall be authenticated by the Registrar. In case any officer who shall have signed any of the Secretary of the Authority who are in office on the date of execution and delivery of this Indenture. Bonds executed on or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases cease to be such officer before the Bonds so signed or attested shall have been authenticated or delivered by the Registrar or the Tender Agent or issued by the County, such Bonds may nevertheless be authenticated, delivered and issued and, upon such authentication, delivery and issuance, shall be as binding upon the County as though those who signed and attested the same had continued to be such officers of the Bonds to the purchaserCounty. Also, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the purchaser. Any any Bond may be signed and attested on behalf of the Authority or the Administrator County by such persons as at on the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, although on the nominal date of such Bond any such person shall not have been such officer of the Authority or the Administratorofficer. Only such of the Bonds as shall bear thereon a Certificate certificate of Authentication authentication in the form hereinbefore set forthrecited in Exhibit A hereto, manually executed and dated by the TrusteeRegistrar or the Tender Agent, shall be valid or obligatory for any purpose or entitled to the benefits of this Indenture, and such Certificate certificate of the Registrar or the Tender Agent, as the case may be, shall be conclusive evidence that such the Bonds so authenticated have been duly authenticated and delivered hereunder and are entitled to the benefits of this Indenture. In the event temporary Bonds are issued pursuant to Section 2.09 hereofUpon authentication of any Bond, the temporary Bonds Registrar or the Tender Agent, as the case may bear thereon a Certificate be, shall set forth on such Bond the date of Authentication executed and dated by the Trustee, may be initially registered by the Trustee, and, until so exchanged as provided under Section 2.09 hereof, the temporary Bonds shall be entitled to the same benefits pursuant to this Indenture as definitive Bonds authenticated and delivered hereundersuch authentication.

Appears in 1 contract

Samples: Laidlaw Environmental Services Inc

Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed on behalf of the Authority Successor Agency by the signature of the Chair or the its Executive Officer or the written designee of either of them Director and the signature of the its Secretary of the Authority who are in office on the date of execution and delivery of this IndentureIndenture or at any time thereafter. Bonds executed on Either or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any both of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases to be such officer before delivery of the Bonds to the purchaser, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the purchaser. Any Bond may be signed and attested on behalf of the Authority or the Administrator Successor Agency by such persons as at the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, Successor Agency although on the date of such Bond any such person shall not have been such officer of the Authority or the AdministratorSuccessor Agency. Only such of the Bonds as shall bear thereon a Certificate certificate of Authentication authentication in the form hereinbefore set forthforth in Exhibit A hereto, manually executed and dated by and in the name of the Trustee by the Trustee, shall be valid or obligatory for any purpose or entitled to the benefits of this Indenture, and such Certificate certificate of the Trustee shall be conclusive evidence that such Bonds have been duly authenticated and delivered hereunder and are entitled to the benefits of this Indenture. In the event temporary Bonds are issued pursuant to Section 2.09 2.9 hereof, the temporary Bonds may shall bear thereon a Certificate certificate of Authentication authentication manually executed and dated by the Trustee, may shall be initially registered by the Trustee, and, until so exchanged as provided under Section 2.09 2.9 hereof, the temporary Bonds shall be entitled to the same benefits pursuant to this Indenture as definitive Bonds authenticated and delivered hereunder.

Appears in 1 contract

Samples: Indenture

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Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed on behalf of the Authority by Issuer with the facsimile signature of its President, and attested with the Chair or the Executive Officer or the written designee of either of them and the facsimile signature of its Secretary or Assistant Secretary. The Bonds shall then be delivered to the Secretary Trustee for authentication by it. In case any officer who shall have signed any of the Authority who are in office on the date of execution and delivery of this Indenture. Bonds executed on or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases cease to be such officer before the Bonds so signed or attested shall have been authenticated or delivered to the Trustee or issued by the Issuer, such Bonds may nevertheless be authenticated, delivered and issued and, upon such authentication, delivery and issuance, shall be as binding upon the Issuer as though those who signed and attested the same had continued to be such officers of the Bonds to the purchaserIssuer. Also, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the purchaser. Any any Bond may be signed and attested on behalf of the Authority or the Administrator Issuer by such persons as at on the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, although on the nominal date of such Bond any such person shall not have been such officer of the Authority or the Administratorofficer. Only such of the Bonds as shall bear thereon a Certificate certificate of Authentication authentication in the form hereinbefore set forthrecited in Exhibit A hereto, manually executed and dated by the Trustee, shall be valid or obligatory for any purpose or entitled to the benefits of this Indenture, and such Certificate certificate of the Trustee shall be conclusive evidence that such the Bonds so authenticated have been duly authenticated and delivered hereunder and are entitled to the benefits of this Indenture. In Any Bond may, in accordance with the event temporary Bonds are issued terms of this Indenture, be transferred, upon the books of the Trustee required to be kept pursuant to the provisions of Section 2.09 2.5 hereof, by the temporary Bonds may bear thereon person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of such Xxxx for cancellation, accompanied by a Certificate written instrument of Authentication executed and dated transfer in a form approved by the Trustee, may be initially registered duly executed. The Trustee shall require the payment by the TrusteeBondholder requesting such transfer of any tax or other governmental charge required to be paid with respect to such transfer, andand there shall be no other charge to any Bondholders for any such transfer. Whenever any Bond shall be surrendered for transfer, until so exchanged as provided under the Issuer shall execute and the Trustee shall authenticate and deliver a new Bond or Bonds of the same series and maturity and of Authorized Denominations. Except with respect to Bonds delivered for purchase pursuant to Section 2.09 4.1(b)(iii) hereof, the temporary Trustee shall not be required to transfer or exchange any Bond after the giving of Notice by Mail that such Xxxx has been called for redemption. No transfers of Bonds shall be entitled required to be made during the same benefits period five (5) Business Days preceding the giving of any notice of redemption, except with respect to Bonds delivered pursuant to this Indenture as definitive Bonds authenticated and delivered hereunderSection 4.1(b)(iii) hereof.

Appears in 1 contract

Samples: Enron Corp/Or/

Execution of Bonds. The Bonds delivered on the Closing Date and at any time prior to the Dissolution Date shall be executed on behalf of the Authority Successor Agency by the signature of the Chair or the its Executive Officer or the written designee of either of them Director and the signature of the its Secretary of the Authority who are in office on the date of execution and delivery of this IndentureIndenture or at any time thereafter. Bonds executed on Either or after the Dissolution Date shall be executed on behalf of the Administrator by the signature of the Mayor or City Manager of the Administrator who are in office as of the date of execution thereof. Any both of such signatures may be made manually or may be affixed by facsimile thereof. If any officer whose signature appears on any Bond ceases to be such officer before delivery of the Bonds to the purchaser, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the purchaser. Any Bond may be signed and attested on behalf of the Authority or the Administrator Successor Agency by such persons as at the actual date of the execution of such Bond shall be the proper officers of the Authority or the Administrator, respectively, Successor Agency although on the date of such Bond any such person shall not have been such officer of the Authority or the AdministratorSuccessor Agency. Only such of the Bonds as shall bear thereon a Certificate of Authentication in the form hereinbefore set forth, manually executed and dated by the Trustee, shall be valid or obligatory for any purpose or entitled to the benefits of this Indenture, and such Certificate shall be conclusive evidence that such Bonds have been duly authenticated and delivered hereunder and are entitled to the benefits of this Indenture. In the event temporary Bonds are issued pursuant to Section 2.09 hereof, the temporary Bonds may bear thereon a Certificate of Authentication executed and dated by the Trustee, may be initially registered by the Trustee, and, until so exchanged as provided under Section 2.09 hereof, the temporary Bonds shall be entitled to the same benefits pursuant to this Indenture as definitive Bonds authenticated and delivered hereunder.

Appears in 1 contract

Samples: www.palmspringsca.gov

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