Partition of Project Facilities and Project Facilities Real Property Upon Partial Refunding of Series 2013 Bonds Sample Clauses

Partition of Project Facilities and Project Facilities Real Property Upon Partial Refunding of Series 2013 Bonds. (a) In the event that the Corporation issues a Series of Additional Bonds pursuant to the Trust Agreement, as supplemented by a Supplemental Trust Agreement (the “Refunding Bonds”), to provide funds to defease a portion (such portion being referred to as the “Refunded Bonds”) of the Outstanding Series 2013 Bonds, such Refunding Bonds will be issued on a parity with the Series 2013 Bonds if construction of the Capital Projects has not been completed at the time of the issuance of the Refunding Bonds. Refunding Bonds issued after completion of the Capital Projects may, at the option of the Corporation, be issued on a parity with the Series 2013 Bonds, as provided in the Trust Agreement. In the event that Refunding Bonds are issued which are not on a parity with the Series 2013 Bonds, then the Project Facilities Real Property and the Project Facilities shall be partitioned and allocated to the Series 2013 Bonds which thereafter shall remain Outstanding and to the Refunding Bonds as set forth in this Section 9.4. Upon delivery of the Refunding Bonds, the County shall determine (i) the percentage of the total Acquisition Price, as shown on Exhibit D hereto, which has theretofore been paid (the “Paid Acquisition Price”) and (ii) the percentage of Acquisition Price which then remains to be paid (the “Remaining Acquisition Price”). That portion of the Acquisition Price which will not be payable as a consequence of the issuance of the Refunding Bonds shall not be included in the calculation of the Remaining Acquisition Price. Project Facilities shall be partitioned and allocated based upon such percentages of the Acquisition Price relative to Cumulative Percentage of Project Costs as established by Exhibit F hereto, as amended pursuant to Section 3.4(c) hereof. Project Facilities shall for purposes of this Section 9.4 be allocated, as entire components only, as follows: The Cumulative Percentage of Project Costs in an amount equal (subject to adjustment as provided in the sentence next following) to the combined percentages of the Paid Acquisition Price and the Remaining Acquisition Price shall be allocated to the Series 2013 Bonds. In the event that the combined percentages of the Paid Acquisition Price and the Remaining Acquisition Price do not exactly equal a Cumulative Percentage of Project Costs listed in Exhibit F, then that listed Cumulative Percentage of Project Costs which is closest to, but not less than, the combined percentages of the Paid Acquisition P...
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Related to Partition of Project Facilities and Project Facilities Real Property Upon Partial Refunding of Series 2013 Bonds

  • Construction of Project 11.1.1 Developer agrees to cause the Project to be developed, constructed, and installed in accordance with the terms hereof and the Construction Provisions set forth in Exhibit D, including those things reasonably inferred from the Contract Documents as being within the scope of the Project and necessary to produce the stated result even though no mention is made in the Contract Documents.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Trustee to Retain Possession of Certain Insurance Policies and Documents The Trustee (or the Custodian, as directed by the Trustee), shall retain possession and custody of the originals (to the extent available) of any Primary Mortgage Insurance Policies, or certificate of insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trustee (or its Custodian, if any, as directed by the Trustee) shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee (or the Custodian, as directed by the Trustee), upon the execution or receipt thereof the originals of any Primary Mortgage Insurance Policies, any certificates of renewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

  • Mortgaged Property Undamaged The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

  • LESSOR'S ACCESS; SHOWING PREMISES; REPAIRS Lessor and Lessor's agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • Mortgaged Property Undamaged; No Condemnation Proceedings There is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and the Seller has no knowledge of any such proceedings in the future;

  • Construction or Rehabilitation of Mortgaged Property No Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property or facilitating the trade-in or exchange of a Mortgaged Property;

  • Completion of Project This Grant Agreement shall terminate upon completion of the project and payment of the last invoice.

  • Maintenance, Alteration and Repair (a) Resident is responsible for and agrees to take good care of the premises, fixtures and all common areas. Resident may not remove any of Owner’s property and will not perform any repairs, upgrades, painting, wallpapering, electric changes or other alterations of the premises without prior written consent from Owner. Resident will be responsible for damage from waste stoppages caused by foreign or improper objects or improper use in lines serving bathrooms, damage to fixtures, appliances, doors, windows, screens, damage from water faucets left on or from doors left open, and repairs or replacements to alarm devices necessitated by misuse or damage by Resident and/or guests. Extraordinary appliances or furnishings such as satellite dishes, hot tubs, pool tables, water beds or high utility-consuming devices may not be installed or placed on the premises or anywhere at the Property without Owner’s prior written consent, in its sole discretion. SAMPLE (b) In the case of a malfunction of any utilities or damage by fire, water or similar cause, or any water leak, suspected mold or microbial growth, electrical problem, broken glass, broken lock or any other condition that Resident reasonably believes poses a hazard to health and safety, Resident must promptly notify Owner in writing. Owner will act with reasonable time and diligence in making repairs and reconnections; Resident may not withhold or reduce payment of rent or other charges during such time. Maintenance and repair requested by Resident will generally be performed between 8am and 8pm, unless the work is considered an emergency, in which case work may take place at any time. Owner may temporarily disconnect equipment or utilities to avoid property damage and/or to perform repairs requiring such interruption, in Owner’s sole discretion. Owner will not be liable for any inconvenience, discomfort, disruption or interference with Resident use of the premises because of ongoing repairs, alterations or improvements to the Property or any apartment. (c) Following move-in, Resident is responsible for providing and changing all light bulbs and batteries (for smoke detectors and remote controls) in the assigned apartment. A written maintenance report requesting assistance in changing these items may be submitted for maintenance staff assistance, with extra charges payable by Resident as applicable per Owner’s published rates. From time to time, maintenance staff may enter the assigned apartment with or without notice to inspect and change furnace filters and to provide pest control.

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