Little Rock Property Sample Clauses

Little Rock Property. On the Little Rock Closing Date and subject to the terms and conditions of this Agreement (i) each Holder will make a Holder Advance in accordance with Sections 2 and 5 of this Agreement and the terms and provisions of the Trust Agreement, (ii) each Lender will make a Loan in accordance with Sections 1 and 5 of this Agreement and the terms and provisions of the Credit Agreement, (iii) the Lessor will make a Bond Loan to the Series ▇▇▇▇-▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ in an amount equal to the Holder Advances and Loans made by the Holders and Lenders respectively (less the amount of Transaction Expenses, if any, to be paid directly from such Advances) and allocable to the Little Rock Property, (iv) the Series 2000-B Bond Purchaser shall use the proceeds of the Bond Loan to acquire Series 2000-B Bond having a face amount equal to the amount of such Bond Loan, (v) the Series 2000-A Bond Purchaser shall acquire the Series 2000-A Bond having a face amount equal to $1,446,192, (vi) the City of Little Rock will purchase and acquire good and marketable title to the Little Rock Land pursuant to a Deed and/or ▇▇▇▇ of Sale, (vii) the City of Little Rock shall grant to the Bond Trustee, on behalf of the Series ▇▇▇▇-▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series ▇▇▇▇-▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, a Lien on the Little Rock Land and additional Little Rock Property by execution of the Bond Indenture, (viii) the Series 2000-A Bond Purchaser and the Series ▇▇▇▇-▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ shall assign to the Lessor, its respective interest in the Series 2000-A Bond and the Series 2000-B Bond, respectively, (ix) the Lessor shall in turn assign to the Agent, on behalf of the Lenders and the Holders, its interests in the Bonds pursuant to the required Security Documents, (x) the City of Little Rock shall lease the Little Rock Property to the Lessor, as lessee, pursuant to the Head Lease, (xi) the Agent, the Lessee and the Lessor shall execute and deliver a Lease Supplement relating to the Little Rock Property, and (xii) the Basic Term shall commence with respect to the Little Rock Property. On the next Business Day following the Little Rock Closing Date, the Agent, as assignee of the Series ▇▇▇▇-▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, shall authorize the Bond Trustee to cancel and retire the Series 2000-A Bond.