Common use of Issuance of Bonds; Application of Proceeds of the Bonds Clause in Contracts

Issuance of Bonds; Application of Proceeds of the Bonds. The Authority has issued, sold and delivered its Bonds and will, from time to time as necessary, issue additional series of its Bonds, on the terms and conditions set forth in the Resolution. The Authority will apply the proceeds of the Bonds in the manner required by the Resolution. In addition to funding the purchase of Mortgage Loans from proceeds of its Bonds, the Authority may apply other available sources of funds to such purchases, in its discretion.

Appears in 6 contracts

Samples: Mortgage Origination Agreement, Mortgage Origination Agreement, Mortgage Origination Agreement

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