FTA Bonds Sample Clauses

FTA Bonds. (1) The YIDA will from time to time prior to the Project Final Completion Date issue FTA Bonds in the aggregate net amount of $160,000,000 plus the amounts of closing costs, reserves, capitalized interest and underwriter fees and cause the proceeds thereof to be used solely for the costs of constructing the Public Parking Facilities and the Approved FTA Funded Public Improvements. The City and/or County may adopt a redevelopment plan under the Municipal Redevelopment Law but in all events it is contemplated that they shall consent to the FTA and specifically to the use of a portion of payments under the FTA and other similar agreements to pay debt service on the FTA Bonds. The City: (i) authorizes the issuance of the FTA Bonds, the proceeds of which shall be used to pay for the Public Parking Facilities and other Approved FTA Funded Public Improvements, and which shall be secured by a mortgage lien on the Public Parking Facilities and other Approved FTA Funded Public Improvements; and (ii) irrevocably pledges to the repayment of the FTA Bonds (a) the Agency Retained Payments (as defined in the FTA), and (b) the Net Parking Revenues from the Public Parking Facilities (the Agency Retained Payments and the Net Parking Revenues collectively, the "Pledged Revenues"); and in consideration of this public improvement funding, the Company agrees to waive its right to challenge the assessed valuation of the properties in the Project (except as affects special district and benefit assessments with regard to which the Project Site is not exempt) as long as the FTA Bonds are outstanding and the Mayor shall be authorized to execute any and all agreements including non-impairment covenants in favor of the holders of the FTA Bonds and to take any other actions contemplated by the FTA. Notwithstanding anything in this Agreement to the contrary, if in lieu of participation under the FTA, the County elects to issue general obligation bonds and contribute the proceeds thereof to pay for certain of the Public Improvements ("Alternative County Fund"), or if the County does not so elect, but within thirty
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FTA Bonds. (1) The YIDA will from time to time, subsequent to the Closing Date and prior to the Project Final Completion Date, issue FTA Bonds in the aggregate net amount of up to $160,000,000 plus the amounts of closing costs, reserves, capitalized interest and underwriter fees and cause the proceeds thereof to be used solely for the costs of constructing the Public Parking Facilities and the Approved FTA Funded Public Improvements. Due to their activities to date, Citi shall serve as co-manager and “bookrunner” and Stone & Xxxxxxxxx shall serve as co-manager, with a change in either of their status constituting a material change in this Agreement requiring City Council approval. The City and/or County may adopt a redevelopment plan under the Municipal Redevelopment Law but in all events it is contemplated that they shall consent to the FTA and specifically to the use of a portion of payments under the FTA and other similar agreements to pay debt service onsuch action is not required in order to proceed with the FTA and issuance of the FTA Bonds. The City: (i) authorizes the issuance of the FTA Bonds, the proceeds of which shall be used to pay for the Public Parking Facilities and other Approved FTA Funded Public Improvements, and which shall be secured by a mortgage lien on the Public Parking Facilities and other Approved FTA Funded Public Improvements; and (ii) irrevocably pledges to the repayment of the FTA Bonds (a) the Agency Retained Payments (as defined in the FTA), and
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Related to FTA Bonds

  • Contract Bonds Contract bonds shall conform to the requirements of Section 103.05.

  • Bonds The Contractor shall furnish both a performance bond and a payment bond and shall pay the premiums thereon as a Cost of the Work. The Performance Bond shall guarantee the full performance of the Contract.

  • Surety Bonds No Trustee, officer, employee or agent of the Trust shall, as such, be obligated to give any bond or surety or other security for the performance of any of his duties, unless required by applicable law or regulation, or unless the Trustees shall otherwise determine in any particular case.

  • Savings Bonds 1. The Employer agrees to include employees in the existing system of payroll deduction through which an employee may purchase United States Savings Bonds.

  • The Bonds Each Class of Bonds shall be registered in the name of a nominee designated by the Depository. Beneficial Owners will hold interests in the Bonds through the book- entry facilities of the Depository in minimum initial Bond Principal Balances of $25,000 and integral multiples of $1 in excess thereof. The Indenture Trustee may for all purposes (including the making of payments due on the Bonds) deal with the Depository as the authorized representative of the Beneficial Owners with respect to the Bonds for the purposes of exercising the rights of Holders of the Bonds hereunder. Except as provided in the next succeeding paragraph of this Section 4.01, the rights of Beneficial Owners with respect to the Bonds shall be limited to those established by law and agreements between such Beneficial Owners and the Depository and Depository Participants. Except as provided in Section 4.08 hereof, Beneficial Owners shall not be entitled to definitive certificates for the Bonds as to which they are the Beneficial Owners. Requests and directions from, and votes of, the Depository as Holder of the Bonds shall not be deemed inconsistent if they are made with respect to different Beneficial Owners. The Indenture Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Bondholders and give notice to the Depository of such record date. Without the consent of the Issuer and the Indenture Trustee, no Bond may be transferred by the Depository except to a successor Depository that agrees to hold such Bond for the account of the Beneficxxx Owners.

  • RECYCLED BOND PAPER Consistent with the Board of Supervisors’ policy to reduce the amount of solid waste deposited at the County landfills, the Contractor agrees to use recycled-content paper to the maximum extent possible on this Contract.

  • Construction Bonds In accordance with 153.54, et. seq. of the Ohio Revised Code, the recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract;

  • Notes If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans.

  • Redemption of Bonds The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the applicable redemption provision of the Indenture. Such redemption date shall not be less than 45 days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

  • Performance Bonds Buyer shall have obtained, or caused to be obtained, in the name of Buyer, replacements for Seller’s and/or Seller’s Affiliates’ bonds, letters of credit and guarantees, and such other bonds, letters of credit and guarantees to the extent required by Section 7.05.

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