Common use of Loan by Issuer Clause in Contracts

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to refund the Refunded Bonds. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose and to cause the redemption of the Refunded Bonds to be effected within 90 days after the date of initial issuance of the Bonds.

Appears in 2 contracts

Samples: Loan Agreement (Gulf Power Co), Loan Agreement (Mississippi Power Co)

AutoNDA by SimpleDocs

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to refund the Refunded Bonds. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose and to cause the redemption refunding of the Refunded Bonds to be effected within 90 days after the date of initial issuance of the Bonds. The Company agrees to pay to the Prior Bonds Trustees the amount in excess of the proceeds of the Bonds needed to pay the redemption price of the Prior Bonds.

Appears in 2 contracts

Samples: Loan Agreement (Gulf Power Co), Loan Agreement (Gulf Power Co)

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to currently refund all of the Refunded outstanding Prior Bonds. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose and to cause the current redemption of all of the Refunded outstanding Prior Bonds to be effected within 90 days after the date of initial issuance of the Bonds.

Appears in 2 contracts

Samples: Loan Agreement (Mississippi Power Co), Loan Agreement (Gulf Power Co)

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to refund the Refunded Bonds. The Company hereby agrees to cause the proceeds of the Bonds (other than accrued interest) to be applied exclusively to such purpose and to cause the redemption refunding of the Refunded Bonds to be effected within 90 days after the date of initial issuance of the Bonds.

Appears in 1 contract

Samples: Loan Agreement (Gulf Power Co)

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to currently refund all of the outstanding Refunded BondsBonds and pay Costs of Issuance, which Costs of Issuance shall not exceed $260,000. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose purposes and to cause the current redemption of all of the outstanding Refunded Bonds to be effected within 90 days after the date of initial issuance of the Bonds.

Appears in 1 contract

Samples: Loan Agreement (Mississippi Power Co)

AutoNDA by SimpleDocs

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to refund the Refunded Bonds. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose and to cause the redemption of the Refunded Bonds to be effected within 90 days after the date of initial issuance of the Bonds. The Company agrees to pay to the Refunded Bonds Trustee the amount in excess of the proceeds of the Bonds needed to pay the redemption price of the Refunded Bonds.

Appears in 1 contract

Samples: Loan Agreement (Gulf Power Co)

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to currently refund all of the Refunded outstanding Prior Bonds. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose and to cause the current redemption of all of the Refunded outstanding Prior Bonds to be effected within 90 days after the date of initial issuance of the Bonds. The Company agrees to pay to the Prior Bonds Trustee the amount in excess of the proceeds of the Bonds needed to pay the redemption price of the Prior Bonds.

Appears in 1 contract

Samples: Loan Agreement (Gulf Power Co)

Loan by Issuer. The Issuer hereby agrees to make the Loan to the Company in order to refund the Refunded Bonds. The Company hereby agrees to cause the proceeds of the Bonds to be applied exclusively to such purpose and to cause the redemption of the Refunded Bonds to be effected within 90 days after the date of initial issuance of the Bonds. The Company agrees to pay to each of the Refunded Bonds Trustees the amount in excess of the proceeds of the Bonds needed to pay the redemption price of the Refunded Bonds.

Appears in 1 contract

Samples: Loan Agreement (Gulf Power Co)

Time is Money Join Law Insider Premium to draft better contracts faster.