Issuance of Stadium Revenue Bonds Sample Clauses

Issuance of Stadium Revenue Bonds. The District agrees that it shall issue and sell Stadium Revenue Bonds in an amount sufficient to deposit $160 million of proceeds thereof into the Bond Proceeds Subaccount of the Project Construction Fund. The District shall use good faith efforts to cause such deposit to be made on or before May 1, 2001. The District shall use commercially reasonable efforts to sell the Stadium Revenue Bonds as expeditiously as possible and with terms that will enable the maximum permitted contribution in each year to the Operations and Maintenance Fund pursuant to Section 229.825(2)(b) of the Act. The District shall not be liable to the City or the Team for a failure to sell the Stadium Revenue Bonds by the stated deadline if the failure is attributable to events beyond the control of the District.
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Related to Issuance of Stadium Revenue Bonds

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