Common use of Financing of a Capital Project Clause in Contracts

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.

Appears in 2 contracts

Samples: Construction Installment Sale Agreement, www.cityofpaloalto.org

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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.

Appears in 1 contract

Samples: Community Services District And

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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, other than with proceeds of the Recipient’s existing commercial paper program.

Appears in 1 contract

Samples: sfgov.legistar.com

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