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

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan for purposes of assisting in paying the Project Costs, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the initial sale of the Bonds shall be paid over to the Trustee and deposited as described in Section 2.03 of the Indenture. Pending disbursement pursuant to Section 3.4 hereof, the proceeds deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan the proceeds from the sale thereof to the Company.

Appears in 2 contracts

Samples: Loan Agreement (Global Water Resources, Inc.), Loan Agreement (Global Water Resources, Inc.)

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Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan for purposes to the Company to assist the Company in the financing of assisting in paying a portion of the Project Costscosts of the Projects, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the initial sale of the Bonds (other than any accrued interest) shall be paid over loaned to the Trustee and deposited as described Company to assist the Company in Section 2.03 financing a portion of the Indenturecosts of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan the proceeds from the sale thereof to the Company.

Appears in 2 contracts

Samples: Loan Agreement (Psi Energy Inc), Loan Agreement (Psi Energy Inc)

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan for purposes to the Company to assist the Company in the financing of assisting in paying a portion of the Project Costscosts of the Projects, the Issuer Authority will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Authority and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the initial sale of the Bonds (other than any accrued interest) shall be paid over loaned to the Trustee and deposited as described Company to assist the Company in Section 2.03 the financing of its portion of the Indenturecosts of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan the proceeds from the sale thereof to the Company.

Appears in 2 contracts

Samples: Loan Agreement (Cincinnati Gas & Electric Co), Loan Agreement (Cincinnati Gas & Electric Co)

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan for purposes to the Company to assist the Company in the financing of assisting in paying its portion of the Project Costscosts of the Project, the Issuer Authority will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Authority, the Trustee and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the initial sale of the Bonds (other than any accrued interest) shall be paid over loaned to the Trustee and deposited as described Company to assist the Company in Section 2.03 the financing of its portion of the Indenturecosts of the Project. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the Trustee for the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan the proceeds from the sale thereof to the Company.

Appears in 1 contract

Samples: Loan Agreement (Dayton Power & Light Co)

Issuance of the Bonds; Application of Proceeds. To provide funds to make for the Loan for purposes acquisition, construction, renovation, rehabilitation, furnishing and equipping of assisting in paying the Project CostsProject, the Issuer will issue, sell and deliver the Bonds to the Original PurchaserPurchaser and will loan the proceeds received therefrom to the Company. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption and to mandatory tender for purchase as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the initial sale of the Bonds shall be loaned to the Company and paid over to the Trustee for the benefit of the Company and the Holders of the Bonds and deposited as described follows: (a) a sum equal to any accrued interest paid by the Original Purchaser shall be deposited in Section 2.03 the Bond Fund, and (b) the balance of the Indentureproceeds shall be deposited in the Project Fund. Pending disbursement pursuant to Section 3.4 3.04 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment fulfilment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan lend the proceeds from the sale thereof to the Company.

Appears in 1 contract

Samples: Loan Agreement (Lesco Inc/Oh)

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Issuance of the Bonds; Application of Proceeds. To ------------------------------------------------------------ provide funds to make the Loan for purposes of assisting in paying the Project Costs, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption and purchase as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from the initial sale of the Bonds shall be loaned to the Company and paid over to the Trustee for the benefit of the Company and the Holders of the Bonds and deposited as described follows: (a) a sum equal to any accrued interest paid by the Original Purchaser shall be deposited in Section 2.03 the Bond Fund, and (b) the balance of the Indentureproceeds shall be deposited in the Project Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan the proceeds from the sale thereof to the Company.

Appears in 1 contract

Samples: Loan Agreement (Amax Gold Inc)

Issuance of the Bonds; Application of Proceeds. To provide funds to make acquire, construct, equip and install the Loan for purposes of assisting in paying the Project CostsProject, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company Lessee hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The proceeds from consideration for the initial issuance and sale of the Bonds shall be paid over the conveyance of the Project Site to the Trustee Issuer and deposited as described in Section 2.03 the expenditures made for the acquisition, construction, equipping and installation of the IndentureProject and any other moneys necessary for the costs of issuance of the Project. Pending the disbursement pursuant to Section 3.4 hereof, the proceeds monetary proceeds, if any, so deposited in the Project Fund, together with any investment earnings thereonthereof, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the CompanyLessee, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan use the proceeds from the sale thereof for any additions to the CompanyProject.

Appears in 1 contract

Samples: Lease Agreement

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