Loan Repayment; Delivery of Notes Sample Clauses

Loan Repayment; Delivery of Notes. (a) Upon the terms and conditions of this Agreement, the Issuer will make the Loan to the Company. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, payments which correspond, as to amount, to the Bond Service Charges payable on the Bonds. All such Loan Payments shall be paid to the Trustee in accordance with the terms of the Project Note, shall be paid to the Trustee in immediately available funds on the Business Day prior to each day on which Bond Service Charges are payable on any Bonds and shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Loan and the Project Note shall be additionally secured by and in accordance with the terms of the Security Agreement. The Project Note shall be payable solely from and secured solely by the Company’s right to receive Income Available for Debt Service. The Company shall be entitled to a credit against the Loan Payments next required to be made to the extent that the balance of the Bond Fund is then in excess of amounts required (1) for the payment of Bonds theretofore matured or theretofore called for redemption, (2) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee and (3) for the payment of interest for which moneys were deposited in the Bond Fund pursuant to Section 2.03(c) of the Indenture. In any event, however, if on the Business Day prior to the date on which the Bond Service Charges are payable, the balance in the Bond Fund is insufficient to make required payments of Bond Service Charges, the Company forthwith will pay to the Trustee for deposit into the Bond Fund, any deficiency. (b) If the Trustee withdraws moneys from the Bond Reserve Fund as provided in the Indenture due to a deficiency in the Bond Fund, or if upon a valuation of the amount on deposit in the Bond Reserve Fund which is required by Section 5.04(b) of the Indenture the Bond Reserve Value (as defined in the Indenture) is less than 90% of the Bond Reserve Requirement, and in either such case upon notification by the Trustee to the Company of the deficiency, the Loan Payments shall thereafter include such amounts, in equal monthly installments due on the first day of each succeeding six months, as are necessary to cause the Bond Reserve Value to be not less than the Bond Reserve Requirement within a period of 6 months from the date of such notice. (c)...
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Loan Repayment; Delivery of Notes. In consideration of issuance of the Series 1996 Refunding Bonds, the Company shall make, as loan payments, in lawful money of the United States of America, on or before each date that any payment of principal, premium or interest on any Bond is due (at a maturity, upon redemption, by acceleration or otherwise), Loan Payments which correspond, as to amount, to the Bond Service Charges then payable on the Series 1996 Refunding Bonds so that the Trustee shall have immediately available funds in its possession on each such date that a payment is due on the Bonds in the full amount of such payment. All such Loan Payments shall be paid to the Trustee in accordance with the terms of the Series 1996 Refunding Notes for the account of the Issuer and shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. To further evidence the Company's performance of its obligations under this Agreement, the Company shall execute and deliver to the Trustee, concurrently with the issuance and delivery of the Series 1996 Refunding Bonds, the Series 1996 Refunding Note. The Series 1996 Refunding Note shall be dated as of the date of this Agreement and shall mature and bear interest, shall contain substantially the other terms and provisions and shall be subject to prepayment, as set forth, in Exhibit A hereto and as necessary to provide full and timely payment of the Series 1996 Refunding Bonds. So long as there exists no Event of Default hereunder, the Company shall be entitled to a credit against the Loan Payments required to be made on any date to the extent that the balance in the Bond Fund (which is available therefor) is then in excess of amounts required (a) for the payment of Bonds theretofore called for redemption, (b) for the payment of interest due on a prior date for which checks or drafts have been drawn and mailed by the Trustee and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges on such date. In any event, however, if on any date that any payment of principal, premium or interest on any Bond is due (at maturity, upon redemption, by acceleration or otherwise), the balance in the Bond Fund (which is available therefor) is for any reason insufficient to make required payments of Bond Service Charges, as and when due, the Company forthwith will pay to the Trustee in immediately available funds, for the account o...
Sample 1
Loan Repayment; Delivery of Notes. Upon the terms and conditions of this Series 1989D Agreement, the Issuer will make the Loan to the Contracting Party. In consideration of and in repayment of the Loan, the Contracting Party shall make, as Financing Payments, payments on or before each Financing Payment Date in the amount shown for the then current year in Exhibit E hereto. All such Financing Payments shall be paid to the Trustee in accordance with the terms of the Series 1989D Note for the account of the Issuer and shall be held and disbursed in accordance with the provisions of the Indenture and this Series 1989D Agreement for application to the payment of Bond Service Charges. The Financing Payment required to be made by this Series 1989D Agreement next following a transfer pursuant to paragraph (e) of Section 5.04 of the Basic Indenture to the Bond Fund caused by failure of the Contracting Party to pay in full its Financing Payments, shall be increased in an amount equal to the amount so transferred pursuant to said paragraph (e) and such increased amount when paid shall be deposited in the Funds from which transfer was made in inverse order of the transfer and shall xxxxx any previously unpaid Financing Payments to the extent of such increase. The Contracting Party's obligations under the Notes and this Series 1989D Agreement shall be secured by the Series 1989D Mortgage. To secure the Contracting Party's performance of its obligation under this Series 1989D Agreement and the Series 1989D Note, the Contracting Party shall execute and deliver to the Issuer and the Trustee, concurrently with the issuance and delivery of the Series 1989D Bonds, the Series 1989D Note and the Series 1989D Mortgage. In connection with the issuance of any Additional Series 1989D Bonds, the Contracting Party shall execute and deliver to the Trustee one or more Additional Series 1989D Notes in a form substantially similar to the form of the Series 1989D Note. All such Additional Series 1989D Notes shall: (a) provide for monthly payments of interest which will make available amounts equal to the payments when due of interest on the corresponding Additional Series 1989D Bonds; (b) require payments of principal and redemption payments and any premium which will make available amounts equal to the payments when due of principal, prepayments and sinking fund payments and any premium on the corresponding Additional Series 1989D Bonds; and (c) contain by reference or otherwise optional and mandatory redemption provisi...
Sample 1

Related to Loan Repayment; Delivery of Notes

  • Delivery of Notes The Administrative Agent shall have received, for the account of each Lender that has requested a Note, such Lender’s Notes duly executed and delivered by an Authorized Officer of the Borrower.

  • Delivery of Note The Lender shall have received a Note duly executed and delivered by an Authorized Officer of the Borrower.

  • Purchase of Notes By Principal Life Principal Life may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time. Simultaneously, upon such purchase, (1) the purchased Notes shall, by their terms become mandatorily redeemable by the Trust as specified in the related Pricing Supplement, Prospectus Supplement and/or Prospectus and (2) the Fund under this Agreement shall be permanently reduced by the same percentage as the principal amount of the Notes so redeemed bears to the sum of (i) the aggregate principal amount of all Notes issued and outstanding immediately prior to such redemption and (ii) the principal amount of the Trust Beneficial Interest related to such Notes. If Principal Life, in its sole discretion, engages in such open market or other purchases, then the Trust, the Indenture Trustee in respect of such Notes, and Principal Life shall take actions (including, in the case of Principal Life, making the payment(s) necessary to effect the Trust’s redemption of such Notes) as may be necessary or desirable to effect the cancellation of such Notes by the Trust.

  • Purchase, Sale and Delivery of Notes (a) On the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set forth, the Depositor agrees to cause the Trust to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Trust the respective principal amount of the Notes set forth opposite the name of such Underwriter on Schedule I, at a purchase price (the “Purchase Price”) equal to “Price $” as specified on Schedule II hereto. Delivery of and payment for the Notes shall be made at the offices of [__________] at [____] a.m. (New York time) on [_______], 20[__] (or at such other place and time on the same or other date as shall be agreed to in writing by the Representative and the Depositor, the “Closing Date”). Delivery of one or more global notes representing the Notes shall be made against payment of the aggregate purchase price in immediately available funds drawn to the order of the Depositor. The global notes to be so delivered shall be registered in the name of Cede & Co., as nominee of The Depository Trust Company (“DTC”). The interests of beneficial owners of the Notes will be represented by book entries on the records of DTC and participating members thereof. Definitive Notes representing the Notes will be available only under limited circumstances, as described in the Prospectus. (b) The Depositor hereby acknowledges that the payment of monies pursuant to Section 3(a) hereof (a “Payment”) by or on behalf of the Underwriters of the aggregate Purchase Price for the Notes does not constitute closing of a purchase and sale of the Notes. Only (1) the execution and delivery, by facsimile or otherwise, of a receipt for Notes by the Representative, and (2) the release of all Permitted Liens, as listed on Schedule III hereto, prior to the cut-off time for DTC settlement on the Closing Date, indicates completion of the closing of a purchase of the Notes from the Trust. Furthermore, in the event that the Underwriters make a Payment to the Trust prior to the completion of the closing of a purchase of Notes, the Depositor hereby acknowledges that until the Representative executes and delivers such receipt for the Notes and until all Permitted Liens have been released prior to the cut-off time for DTC settlement on the Closing Date, the Trust will not be entitled to the Payment and the Depositor shall cause the Trust to return the Payment to the Underwriters as soon as practicable (by wire transfer of same-day funds) upon demand. In the event that the closing of a purchase of Notes is not completed and the Payment is not returned by the Trust to the Underwriters on the same day the Payment was received by the Trust, the Depositor agrees to pay, or otherwise cause the Trust to pay, to the Underwriters in respect of each day the Payment is not returned by it, in same-day funds, interest on the amount of such Payment in an amount representing the Underwriters’ cost of financing as reasonably determined by the Representative. (c) It is understood that the Representative or any Underwriter, individually, may (but shall not be obligated to) make Payment on behalf of any Underwriter or Underwriters for any of the Notes to be purchased by such Underwriter or Underwriters. No such Payment shall relieve such Underwriter or Underwriters from any of its or their obligations hereunder.

  • Delivery of Lender Addenda Each initial Lender shall become a party to this Agreement by delivering to the Administrative Agent a Lender Addendum duly executed by such Lender, the Borrower and the Administrative Agent.

  • Delivery of the Notes The Company shall deliver, or cause to be delivered, to the Representatives for the accounts of the several Underwriters certificates for the Notes at the Closing Date, against the irrevocable release of a wire transfer of immediately available funds for the amount of the purchase price therefor. The certificates for the Notes shall be in such denominations and registered in such names and denominations as the Representatives shall have requested at least two full business days prior to the Closing Date and shall be made available for inspection on the business day preceding the Closing Date at a location in New York City, as the Representatives may designate. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters.

  • Purchase of Notes The Company will not and will not permit any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or exchange for any such Notes.

  • SALE OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICE Section 2.01. Sale of the Mortgage Loans.............................4 Section 2.02. Obligations of Seller Upon Sale........................4 Section 2.03. Payment of Purchase Price for the Mortgage Loans.......7

  • Purchase, Sale and Delivery of the Notes On the basis of the representations, warranties, agreements and covenants herein contained and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the Initial Purchasers, and the Initial Purchasers, acting severally and not jointly, agree to purchase the Notes in the respective amounts set forth on Schedule 1 hereto from the Company at 98.392% of their principal amount. One or more certificates in definitive form for the Notes that the Initial Purchasers have agreed to purchase hereunder, and in such denomination or denominations and registered in such name or names as the Initial Purchasers request upon notice to the Company at least 48 hours prior to the Closing Date, shall be delivered by or on behalf of the Company to the Initial Purchasers, against payment by or on behalf of the Initial Purchasers of the purchase price therefor by wire transfer (same day funds), to such account or accounts as the Company shall specify prior to the Closing Date, or by such means as the parties hereto shall agree prior to the Closing Date. Such delivery of and payment for the Notes shall be made at the offices of Xxxxxx Xxxxxx & Xxxxxxx LLP, 00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx at 10:00 A.M., New York time, on January 23, 2004, or at such other place, time or date as the Initial Purchasers, on the one hand, and the Company, on the other hand, may agree upon, such time and date of delivery against payment being herein referred to as the “Closing Date.” The Company will make such certificate or certificates for the Notes available for checking and packaging by the Initial Purchasers at the offices of Deutsche Bank Securities Inc. in New York, New York, or at such other place as Deutsche Bank Securities Inc. may designate, at least 24 hours prior to the Closing Date.

  • Repurchase of Notes Neither the Company nor any Consolidated Subsidiary or Affiliate, directly or indirectly, may repurchase or make any offer to repurchase any Notes unless an offer has been made to repurchase Notes, pro rata, from all holders of the Notes at the same time and upon the same terms. In case the Company repurchases or otherwise acquires any Notes, such Notes shall immediately thereafter be canceled and no Notes shall be issued in substitution therefor. Without limiting the foregoing, upon the repurchase or other acquisition of any Notes by the Company, any Consolidated Subsidiary or any Affiliate, such Notes shall no longer be outstanding for purposes of any section of this Agreement relating to the taking by the holders of the Notes of any actions with respect hereto, including without limitation, SECTION 6.3, SECTION 6.4 and SECTION 7.1.

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