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

Issuance of Bonds; Application of Proceeds. To provide funds to make the Loan for purposes of paying Project Costs, the Issuer will issue the Bonds in the aggregate principal amount of $235,000,000. The Bonds will be issued pursuant to the Indenture and will bear interest, mature and be subject to redemption all as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the sale of the Bonds (including any bond discount) shall be loaned to the Company pursuant to Section 3.1 and such proceeds (net of any bond discount) shall be paid over to the Trustee for deposit in the Project Fund as provided in the Indenture. Pending disbursement pursuant to Section 2.4, the proceeds of the Bonds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Trust Estate and shall be subject to the lien of the Indenture pursuant to the granting clauses therein as security for the obligations described in such granting clauses, and to such end the Company hereby grants to the Trustee as security for such obligations a security interest in all of the Company’s right, title and interest in and to the Project Fund.

Issuance of Bonds; Application of Proceeds. To provide funds to make the Loan for purposes of paying Project Costs, the Issuer Authority will issue the Bonds in the aggregate principal amount of $235,000,000100,000,000. The Bonds will be issued pursuant to the Indenture and will bear interest, mature and be subject to redemption all as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the sale of the Bonds (including any bond underwriting discount) shall be loaned to the Company pursuant to Section 3.1 3.1, and such proceeds (net of any bond underwriting discount) shall be paid over to the Trustee for deposit in the Project Fund (other than any accrued interest which shall be deposited in the Bond Fund) as provided in the Indenture. Pending disbursement pursuant to Section 2.4, the proceeds of the Bonds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Trust Estate and shall be subject to the lien of the Indenture pursuant to the granting clauses therein as security for the obligations described in such granting clauses, and to such end the Company hereby grants to the Trustee as security for such obligations a security interest in all of the Company’s right, title and interest in and to the Project Fund.

Issuance of Bonds; Application of Proceeds. To provide ------------------------------------------ funds to make the Loan for purposes the purpose of paying Project CostsCosts in accordance with Exhibit B attached hereto, the Issuer will issue the Bonds in the aggregate principal amount of $235,000,0004,335,000. The Bonds will be issued pursuant to the Indenture and will bear interest, mature and be subject to redemption and tender, all as set forth therein. The Company Borrower hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the sale of the Bonds (including any bond discount) shall be loaned to the Company Borrower pursuant to Section 3.1 4.1 and such proceeds (net of any bond discount) shall be paid over to the Trustee for deposit in the Project Fund as provided in the IndentureFund. Pending disbursement pursuant to Section 2.43.4, the proceeds of the Bonds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Trust Estate and shall be subject to the lien of the Indenture pursuant to the granting clauses therein as security for the obligations described in such granting clauses, and to such end the Company Borrower hereby grants to the Trustee as security for such obligations a security interest in all of the Company’s Borrower's right, title and interest in and to the Project Fund.

Issuance of Bonds; Application of Proceeds. To provide funds to make the Loan for purposes of paying Project CostsCosts in accordance with Exhibit B attached hereto, the Issuer will issue the Bonds in the aggregate principal amount of $235,000,0008,400,000. The Bonds will be issued pursuant to the Indenture and will bear interest, mature and be subject to redemption all as set forth therein. The Company Borrower hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the sale of the Bonds (including any bond discount) shall be loaned to the Company Borrower pursuant to Section 3.1 4.1 and such proceeds (net of any bond discount) shall be paid over to the Trustee for deposit in the Project Fund as provided in the IndentureFund. Pending disbursement pursuant to Section 2.43.4, the proceeds of the Bonds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Trust Estate and shall be subject to the lien of the Indenture pursuant to the granting clauses therein as security for the obligations described in such granting clauses, and to such end the Company Borrower hereby grants to the Trustee as security for such obligations a security interest in all of the Company’s Borrower's right, title and interest in and to the Project Fund.

Issuance of Bonds; Application of Proceeds. To provide funds to make the Loan for purposes of paying Project Costs, the Issuer Authority will issue the Bonds in the aggregate principal amount of $235,000,00050,000,000. The Bonds will be issued pursuant to the Indenture and will bear interest, mature and be subject to redemption all as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the sale of the Bonds (including any bond underwriting discount) shall be loaned to the Company pursuant to Section 3.1 3.1, and such proceeds (net of any bond underwriting discount) shall be paid over to the Trustee for deposit in the Project Fund (other than any accrued interest which shall be deposited in the Bond Fund) as provided in the Indenture. Pending disbursement pursuant to Section 2.4, the proceeds of the Bonds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Trust Estate and shall be subject to the lien of the Indenture pursuant to the granting clauses therein as security for the obligations described in such granting clauses, and to such end the Company hereby grants to the Trustee as security for such obligations a security interest in all of the Company’s right, title and interest in and to the Project Fund.

Issuance of Bonds; Application of Proceeds. To provide funds to make the Loan for purposes of paying Project Costs, the Issuer Authority will issue the Bonds in the aggregate principal amount of $235,000,00080,570,000. The Bonds will be issued pursuant to the Indenture and will bear interest, mature and be subject to redemption all as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the sale of the Bonds (including any bond underwriting discount) shall be loaned to the Company pursuant to Section 3.1 3.1, and such proceeds (net of any bond underwriting discount) shall be paid over to the Trustee for deposit in the Project Fund (other than any accrued interest which shall be deposited in the Bond Fund) as provided in the Indenture. Pending disbursement pursuant to Section 2.4, the proceeds of the Bonds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Trust Estate and shall be subject to the lien of the Indenture pursuant to the granting clauses therein as security for the obligations described in such granting clauses, and to such end the Company hereby grants to the Trustee as security for such obligations a security interest in all of the Company’s right, title and interest in and to the Project Fund.