Common use of Issuance and Delivery of Additional Bonds Clause in Contracts

Issuance and Delivery of Additional Bonds. (a) At the request of the Company, the Issuer may, in its discretion and upon compliance with the procedures of the Issuer at the time in effect for the issuance of its bonds, issue Additional Bonds on a parity with the Series 2006 Bonds, as herein provided, from time to time after initial delivery of the Series 2006 Bonds. Those Additional Bonds shall be on a parity with the Series 2006 Bonds and any Additional Bonds theretofore or thereafter issued and outstanding as to the assignment to the Trustee of the Issuer” right, title and interest in the Revenues and the Agreement (other than the Unassigned Issuer’s Rights) to provide for payment of Bond Service Charges on the Bonds; provided, however, that nothing herein shall prevent payment of Bond Service Charges on any series of Additional Bonds from (i) being otherwise secured and protected from sources or by property or instruments not applicable to the Series 2006 Bonds and any one or more series of Additional Bonds, or (ii) not being secured or protected from sources or by property or instruments applicable to the Series 2006 Bonds or one or more series of Additional Bonds. Before the Trustee shall authenticate and deliver any Additional Bonds, the Trustee shall receive each of the following items:

Appears in 1 contract

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

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Issuance and Delivery of Additional Bonds. (a) At the request of the CompanyBorrower, but subject to the written approval of the Bank, the Issuer may, in its discretion and upon compliance with the procedures of the Issuer at the time in effect for the issuance of its bonds, may issue Additional Bonds on a parity with the Series 2006 Bonds, as herein provided, from time to time after initial delivery of for any purpose permitted by the Series 2006 BondsAct. Those Any Additional Bonds shall be on a parity with the Series 2006 Project Bonds (except with respect to any moneys drawn by the Trustee on the Letter of Credit) and any Additional Bonds theretofore or thereafter issued and outstanding as to the assignment to the Trustee of the Issuer's right, title and interest in the Revenues Revenues, the Agreement and the Agreement (other than Project Note and the Unassigned Issuer’s Rights) Borrower's right, title and interest in any Revenues comprised of undisbursed Bond proceeds on deposit in the Project Fund to provide for payment of Bond Service Charges on the Bonds; provided, however, that nothing herein shall prevent payment of Bond Service Charges on any series of Additional Bonds from (i) being otherwise secured and protected from sources or by property or instruments not applicable to the Series 2006 Project Bonds and any one or more series of Additional Bonds, or (ii) not being secured or protected from sources or by property or instruments applicable to the Series 2006 Project Bonds or one or more series of Additional Bonds. Before the Trustee shall authenticate and deliver any Additional Bonds, the Trustee shall receive each of the following items:

Appears in 1 contract

Samples: Loan Agreement (Jameson Inns Inc)

Issuance and Delivery of Additional Bonds. (a) At the request of the CompanyBorrower, and subject to the prior written consent of the Bank, the Issuer may, in its discretion and upon compliance with the procedures of the Issuer at the time in effect for the issuance of its bonds, may issue Additional Bonds on a parity with the Series 2006 Bonds, as herein provided, from time to time after initial delivery of for any purpose permitted by the Series 2006 BondsAct. Those Any Additional Bonds shall be secured by an Alternate Letter of Credit and shall be on a parity with the Series 2006 Refunding Bonds (except with respect to any moneys drawn by the Trustee on the Letter of Credit) and any Additional Bonds theretofore or thereafter issued and outstanding as to the assignment to the Trustee of the Issuer's right, title and interest in the Revenues Revenues, the Agreement and the Agreement (other than the Unassigned Issuer’s Rights) Refunding Notes to provide for payment of Bond Service Charges on the Bonds; provided, however, that nothing herein shall prevent payment of Bond Service Charges on any series of Additional Bonds from (i) being otherwise secured and protected from sources or by property or instruments not applicable to the Series 2006 Refunding Bonds and any one or more series of Additional Bonds, or (ii) not being secured or protected from sources or by property or instruments applicable to the Series 2006 Refunding Bonds or one or more series of Additional Bonds. Before the Trustee Authenticating Agent shall authenticate and deliver any Additional Bonds, the Trustee shall receive each of the following items:

Appears in 1 contract

Samples: Reimbursement Agreement (Centerpoint Properties Corp)

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Issuance and Delivery of Additional Bonds. (a) At the request of the CompanyBorrower, but subject to the written consent of the Bank, the Issuer may, in its discretion and upon compliance with the procedures of the Issuer at the time in effect for the issuance of its bonds, may issue Additional Bonds on a parity with the Series 2006 Bonds, as herein provided, from time to time after initial delivery of for any purpose permitted by the Series 2006 BondsAct. Those Any Additional Bonds shall be on a parity with the Series 2006 Project Bonds (except with respect to any moneys drawn by the Trustee on the Letter of Credit) and any Additional Bonds theretofore or thereafter issued and outstanding as to the assignment to the Trustee of the Issuer's right, title and interest in the Revenues Revenues, the Agreement and the Agreement (other than Project Note and the Unassigned Issuer’s Rights) Borrower's right, title and interest in any Revenues comprised of undisbursed Bond proceeds on deposit in the Refunding Fund to provide for payment of Bond Service Charges on the Bonds; provided, however, that nothing herein shall prevent payment of Bond Service Charges on any series of Additional Bonds from (ia) being otherwise secured and protected from sources or by property or instruments not applicable to the Series 2006 Project Bonds and any one or more series of Additional Bonds, or (iib) not being secured or protected from sources or by property or instruments applicable to the Series 2006 Project Bonds or one or more series of Additional Bonds. Before the Trustee shall authenticate and deliver any Additional Bonds, the Trustee shall receive each of the following items:

Appears in 1 contract

Samples: Trust Indenture (Escalade Inc)

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