Mesaba Bound by Ordinance Sample Clauses

Mesaba Bound by Ordinance. The Ordinance has been submitted to Mesaba for examination, and Mesaba, by execution of the Lease, acknowledges that the Special Facilities Charges are intended to produce Net Revenues sufficient to pay principal of, Redemption Price and interest on the Bonds. Mesaba consents to the pledge by the County to the Trustee of the Net Revenues and certain funds and accounts specified in the Ordinance as security for the Bonds. Mesaba acknowledges and agrees that it has participated in the drafting of the Ordinance, that it has approved the Ordinance, that it is bound by and shall have the rights set forth by the terms and conditions thereof and covenants and agrees to perform all obligations required of it pursuant to the terms of the Ordinance. The County acknowledges and agrees to follow Mesaba’s directions with respect to Bond redemptions and other matters as provided in, and in accordance with the terms and conditions of, the Ordinance.
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Related to Mesaba Bound by Ordinance

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