Other Bonds Sample Clauses
The "Other bonds" clause defines the requirements and conditions for any additional bonds, apart from the primary performance or payment bonds, that may be required under a contract. This clause typically outlines the types of bonds that may be requested, such as maintenance or warranty bonds, and specifies the circumstances under which they must be provided, including deadlines and acceptable issuers. Its core practical function is to ensure that all necessary financial guarantees are in place to protect the interests of the parties involved, thereby reducing the risk of non-performance or default beyond the scope of the main bonds.
Other Bonds a. None.
Other Bonds. This Agreement and the Performance Security do not alter the obligation of Developer to provide other bonds required by any municipality, county or other agency having jurisdiction over Developer’s development. The furnishing of security in compliance with the requirements of other jurisdictions shall not adversely affect the ability of the District to withdraw from the Performance Security as provided herein.
Other Bonds. This Agreement and the Cash Deposit do not alter the obligation of Developer to provide other bonds under applicable ordinances of any city or county having jurisdiction over Developer's development. The furnishing of security in compliance with the requirements of other jurisdictions shall not adversely affect the ability of the District to draw on the Cash Deposit as provided herein.
Other Bonds. The Company agrees that during the period commencing on the date of the issuance of the Bonds and ending 15 days thereafter, there shall be issued no "private activity bonds," as defined in Section 141 of the Code, which are guaranteed or otherwise secured by payments to be made by the Company or any "related person" (or group of "related persons") unless the Company shall deliver to the Trustee a Favorable Opinion of Bond Counsel in connection with the issuance of such "private activity bonds". The Company represents that except for the Company or any "related person" (or group of "related persons"), no person has (i) guaranteed, arranged, participated in, assisted with or paid any portion of the cost of the issuance of, the Bonds, and (ii) provided any property or any franchise, trademark or trade name (within the meaning of Section 1253 of the Code) which is to be used in connection with the Project.
Other Bonds a. (pages _______ to _______, inclusive);
Other Bonds. The Borrower agrees that during the period commencing on the date of the issuance of the Bonds and ending 15 days thereafter, there shall be issued no “private activity bonds,” as defined in Section 141 of the Code, which are guaranteed or otherwise secured by payments to be made by the Borrower or any “related person” (or group of “related persons”) unless the Borrower shall deliver to the Trustee an Approving Opinion addressed to the Trustee in connection with the issuance of such “private activity bonds”.
Other Bonds. Section 5.6 of the Agreement is deleted in its entirety. The following new paragraph (d) of Section 6.8 of the Agreement is added:
Other Bonds. This Agreement and the Letter of Credit do not alter the obligation of Developer to provide other bonds under applicable ordinances of any city or county having jurisdiction over Developer's development. The furnishing of security in compliance with the requirements of other jurisdictions shall not adversely affect the ability of the District to present the Letter of Credit as provided herein.
Other Bonds. Developer shall, at the request of the City, agree to any reasonable amendments to this Agreementthat are necessary or desirable in order for the City to issue (in its sole discretion) any bonds in connection with the Redevelopment Area, the proceeds of which may be used toreimburse the City for expenditures made in connection with, or provide a source of funds for the payment for, the TIF-Funded Improvements (the "Bonds") ; provided, however, that any such amendments shall not have a material adverse effect on Developer or the Project. Developer shall, at Developer's expense, cooperate and provide reasonable assistance in connection with the marketing of any such Bonds, including but not limited to providing written descriptions of the Project, making representations, providing information regarding. its financial condition and assisting the City in preparing an offering statement with respect thereto. Job Creation and Retention: Covenant to Remain in the City. Developer shall aspire to create (a).two (2) full-time equivalent, permanent jobs at the Project within three (3) months of the completion thereof; and (b) .one-hundred twenty (120) temporary full-time •equivalent, permanent jobs during construction of the Project Developer hereby covenants and agrees to maintain its operations solely as a residences. for low and moderate Senior Households as set forth herein within the City of Chicago at the Property through the later of the Compliance Period and the Term of the Agreement.
Other Bonds a. Maintenance Bond (pages 1 to 2, inclusive).