Financing of a Capital Project. The Recipient will use the Project Funds to finance costs it has incurred or will incur for the construction, reconstruction, installation or acquisition of the Project. Such costs shall not have previously been financed with the proceeds of any other issue of tax-exempt obligations.
Financing of a Capital Project. The Recipient will use the Project Funds to finance capital expenditures it has incurred or will incur for the construction, reconstruction, installation or acquisition of the Project in accordance with the terms of this Agreement. Such expenditures shall not have previously been financed with the proceeds of any other issue of indebtedness except for interim financing by the Recipient, the date of maturity, prepayment or redemption of which is within thirty (30) days of the date of disbursement of Project Funds under this Agreement. All Project Funds shall be allocated to expenditures by the Recipient within thirty (30) days of the date of disbursement, including (if at all) Project Funds allocated to repay interim financing of the Recipient. For purposes of this Section F.4, “interim financing” means notes, commercial paper, loans, lines of credit and other forms of short-term borrowing.
Financing of a Capital Project. The District will use the Project Funds (as defined in the SRF Loan Agreement) to finance costs previously incurred or to be incurred for the construction, reconstruction, installation or acquisition of the Project, none of which have previously been financed with the proceeds of any other issue of tax-exempt obligations.
Financing of a Capital Project. 1 F.5 Ownership and Operation of Project 1 F.6 Temporary Period. 1 F.7 Working Capital 1 F.8 Expenditure of Proceeds 2 F.9 Private Use and Private Payments 2 F.10 No Sale, Lease or Private Operation of the Project 2 F.11 No Disproportionate or Unrelated Use 3 F.12 Management and Service Contracts 3 F.13 No Disposition of Financed Property 3 F.14 Useful Life of Project 3 F.15 Payments 3 F.16 No Other Replacement Proceeds 4 F.17 No Sinking or Pledged Fund. 4 F.18 [Reserved.] 4 F.19 Reimbursement Resolution 4 F.20 Reimbursement Expenditures 4 F.21 Change in Use of the Project 4 F.22 Rebate Obligations 4 F.23 No Federal Guarantee. 5 F.24 No Notices or Inquiries from IRS 5 F.25 Amendments 5 F.26 Reasonable Expectations 5 F.27 Assignment 5 EXHIBIT G – XXXXX-XXXXX 1 EXHIBIT H – COMPLIANCE WITH CROSS-CUTTING STATE AUTHORITIES 1 AGREEMENT
