Common use of Issuance of Bonds Clause in Contracts

Issuance of Bonds. The Parties agree that a portion of the costs of the Project, including without limitation the Infrastructure Project and the Developer Obligations, shall be financed through the issuance of the Bonds by the Township. Upon compliance with the conditions set forth in the Redevelopment Agreement and the Bond Resolution, the Township shall take all necessary actions to cause the issuance of the Bonds pursuant to the Act, the Exemption Law and the RAB Law no more than once annually. The proceeds from the Bonds shall be applied to pay, among other things, a portion of the costs of the Project, including without limitation, the Infrastructure Project and the Developer Obligations, along with costs of issuance and capitalized interest on the Bonds, in accordance with the Indenture.

Issuance of Bonds. The Parties agree that a portion of the costs of the Project, including without limitation the Infrastructure Project and the Developer Obligations, shall be financed through the issuance of the Bonds by the Township. Upon compliance with the conditions set forth in the Redevelopment Agreement and the Bond Resolution, the Township shall take all necessary actions to cause the issuance of the Bonds pursuant to the ActRedevelopment Law, the Exemption Law and the RAB Law no more than once annually. The proceeds from the Bonds shall be applied to pay, among other things, a portion of the costs of the Project, including without limitation, the Infrastructure Project and the Developer Obligations, along with costs of issuance and capitalized interest on the Bonds, in accordance with the IndentureBond Agreement.