PID Bonds Sample Clauses

PID Bonds. The City, in its sole, legislative discretion, may issue PID Bonds, in one or more series, when and if the City Council determines it is financially feasible for the purposes of: (a) paying all or a portion of the Reimbursement Agreement Balance; or (b) paying PID Project Costs directly. PID Bonds issued for such purpose will be secured by and paid solely as authorized by the Bond Indenture. Upon the issuance of PID Bonds for such purpose, Xxxxxxxxx's right to receive payments each year in accordance herewith shall be subordinate to the deposits required under the Bond Indenture related to any outstanding PID Bonds. The failure of the City to issue PID Bonds shall not constitute a “Failure” by the City or otherwise result in a “Default” by the City. Upon the issuance of the PID Bonds, Developer has a duty to construct related PID Projects and shall not be relieved of such duty even if there are insufficient funds in the PID Project Fund to pay PID Project Costs.
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PID Bonds. (a) City, in its sole, legislative discretion, may issue PID Bonds, in one or more series, when and if City’s City Council determines it is financially feasible for the purposes of: (1) paying the Reimbursement Agreement Balance; or (2) paying directly PID Projects Cost described in the applicable Indenture. PID Bonds issued for such purpose will be secured by and paid solely as authorized by the applicable Indenture. Upon the issuance of PID Bonds for such purpose, Owner's right to receive payments each year in accordance with Section 2.02 hereof shall be subordinate to the deposits required under the applicable Indenture related to any outstanding PID Bonds, and Owner shall be entitled to receive funds pursuant to the flow of funds provisions of the applicable Indenture. The failure of City to issue PID Bonds shall not constitute a default by City under this Agreement. Upon the issuance of PID Bonds, Owner has a duty to construct the PID Projects described in the applicable Indenture. Owner shall not be relieved of its duty to construct or cause to be constructed such Authorized Improvements even if there are insufficient funds in the PID Project Fund to pay the PID Costs. This Agreement shall apply to all PID Bonds issued by City whether in one or more series, and no additional reimbursement agreement shall be required for future series of PID Bonds.
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PID Bonds. The City, in its sole, legislative discretion, may issue PID Bonds, in one or more series, when and if the City Council determines it is financially feasible for the purpose of paying directly Actual Costs of Authorized Improvements. PID Bonds issued for such purpose will be secured by and paid solely as authorized by the applicable Bond Indenture. The failure of the City to issue PID Bonds shall not constitute a "Failure" by the City or otherwise result in a "Default" by the City. Upon the issuance of PID Bonds, the Developer has a duty to construct those Authorized Improvements described in the applicable Bond Indenture. This Agreement shall apply to all PID Bonds issued by the City whether in one or more series and no additional reimbursement agreement shall be required for any future series of PID Bonds.
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PID Bonds. The City, in its sole, legislative discretion, may issue PID Bonds, in one or more series, when and if the City Council determines it is financially feasible for the purposes of:
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Related to PID Bonds

  • Contract Bonds Contract bonds shall conform to the requirements of Section 103.05.

  • The Bonds Each Class of Bonds shall be registered in the name of a nominee designated by the Depository. Beneficial Owners will hold interests in the Bonds through the book- entry facilities of the Depository in minimum initial Bond Principal Balances of $25,000 and integral multiples of $1 in excess thereof. The Indenture Trustee may for all purposes (including the making of payments due on the Bonds) deal with the Depository as the authorized representative of the Beneficial Owners with respect to the Bonds for the purposes of exercising the rights of Holders of the Bonds hereunder. Except as provided in the next succeeding paragraph of this Section 4.01, the rights of Beneficial Owners with respect to the Bonds shall be limited to those established by law and agreements between such Beneficial Owners and the Depository and Depository Participants. Except as provided in Section 4.08 hereof, Beneficial Owners shall not be entitled to definitive certificates for the Bonds as to which they are the Beneficial Owners. Requests and directions from, and votes of, the Depository as Holder of the Bonds shall not be deemed inconsistent if they are made with respect to different Beneficial Owners. The Indenture Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Bondholders and give notice to the Depository of such record date. Without the consent of the Issuer and the Indenture Trustee, no Bond may be transferred by the Depository except to a successor Depository that agrees to hold such Bond for the account of the Beneficxxx Owners.

  • Construction Bonds In accordance with 153.54, et. seq. of the Ohio Revised Code, the recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract;

  • Bonds The Contractor shall furnish both a performance bond and a payment bond and shall pay the premiums thereon as a Cost of the Work. The Performance Bond shall guarantee the full performance of the Contract.

  • RECYCLED BOND PAPER Consistent with the Board of Supervisors’ policy to reduce the amount of solid waste deposited at the County landfills, the Contractor agrees to use recycled-content paper to the maximum extent possible on this Contract.

  • Savings Bonds 1. The Employer agrees to include employees in the existing system of payroll deduction through which an employee may purchase United States Savings Bonds.

  • Temporary Bonds Pending the preparation of any Definitive Bonds, the Issuer may execute and upon its written direction, the Indenture Trustee may authenticate and make available for delivery, temporary Bonds that are printed, lithographed, typewritten, photocopied or otherwise produced, in any denomination, substantially of the tenor of the Definitive Bonds in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Bonds may determine, as evidenced by their execution of such Bonds. If temporary Bonds are issued, the Issuer will cause Definitive Bonds to be prepared without unreasonable delay. After the preparation of the Definitive Bonds, the temporary Bonds shall be exchangeable for Definitive Bonds upon surrender of the temporary Bonds at the office of the Indenture Trustee located at 123 Washington Street, New York, Nex Xxxx 00000, xxxxxxx xxxxxx xx xxx Xxxxxx. Xxxn surrender for cancellation of any one or more temporary Bonds, the Issuer shall execute and the Indenture Trustee shall authenticate and make available for delivery, in exchange therefor, Definitive Bonds of authorized denominations and of like tenor, class and aggregate principal amount. Until so exchanged, such temporary Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Bonds.

  • Surety Bonds No Trustee, officer, employee or agent of the Trust shall, as such, be obligated to give any bond or surety or other security for the performance of any of his duties, unless required by applicable law or regulation, or unless the Trustees shall otherwise determine in any particular case.

  • Redemption of Bonds The Issuer shall take or cause to be taken the actions required by the Indenture (other than the payment of money) to discharge the lien thereof through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Issuer and the Trustee from an Authorized Company Representative of a written notice designating the principal amount of the Bonds to be redeemed and specifying the date of redemption (which, unless waived by the Issuer and the Trustee, shall not be less than 30 days from the date such notice is given, or such shorter period as the Trustee and the Company may agree from time to time) and the applicable redemption provision of the Indenture. Unless otherwise stated therein and except with respect to a redemption under Section 4.03 of the Indenture, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys required by the Indenture to be deposited with the Trustee or otherwise paid by the Issuer in connection with any of the foregoing purposes. In connection with any redemption of the Bonds, the Company shall provide to the Trustee the names and addresses of the Securities Depositories and Information Services as contemplated by Section 4.05 of the Indenture.

  • Special Notes NOTE # 1: If any laborer work other than the above is performed during a shift, the basic labor rate is paid for the full shift. CLASSIFICATIONS GROUP 1 Includes: General Laborers and the following; • Applicator (including Pot Power Tender for same) applying protective Material by hand or nozzle on utility lines or storage tanks on a project • Asphalt Plant Laborers • Asphalt Spreaders • Assistant and Tender to other Crafts • Batch Weighman • Broomers • Brush Burners and Cutters • Brush Cutters (Power Saw) • Burners • Car and Truck Loaders • Xxxxxxxxx Tender • Change-House Man or Dry Shack Man • Chipper Operator (Vermeer or Similar types) • Choker Setter • Choker Splicer • Xxxxx Power Spreader and similar Types) • Clean-Up Laborers • Clean-Up Nozzleman — Green-Cutter (Concrete, Rock, etc.) • Compressor small, under 1 ,250 CFM) • Concrete Laborer (including, but not limited to, setting up chutes, hoses, pouring, mucking, placing, buckets, and other general concrete work.) • Concrete Specialist (including, but not limited to, patching.) • Crusher Feeder • Curing, Concrete • Demolition, Wrecking and Moving Laborers (including selective demolition) • Demolition and Wrecking Charred Materials • Dewatering (including operation of portable pumps, squeegee, vacuums) • Direction Boring (up to 6-inch diameter) • Doping and Wrapping Pipe • Driller Helpers • Dumpers, Road Oiling Crew • Dump man (for Grading Crew) • Elevator Feeders • Erosion Control Specialist Certified) • Fine Graders • Fence Builders • Form Strippers (not Swinging Stages) or stockpiling if no longer use including cleaning and preparation for reuse • Guard Rail, Median Rail, Barriers, Cable Barrier, Impact Attenuators, Reference Post, Guidepost, Right-of-Way Marker • Gunite Nozzle Man Tender • Gunite or Sand Blasting Pot Tender • Handlers or Mixers of All Materials of an irritating nature (including cement and lime) • Leverman or Aggregate Spreader (Xxxxxxxx and similar types) • Loading Spotters • Material Yard Man (including Electrical and la down yards) • Pavers (Dry Set) • Post Hole Digger, Air, Gas or Electric • Powderman Helper • Precast Concrete Setter (assist in Placement) • Pressure Washing • Railroad Track Laborers • Retaining Wall Installer (Dry Stack) • Ribbon Setter, Head • Ribbon Setter (including Steel Forms) • Rip Rap Man (Head) , Hand Placed including Gabion Baskets • Rip Rap Man (Hand Placed) • Road Pump Tender • Roof Removal • Sand Blasting (Wet) • Scaffold Tender • Self-Propelled Concrete Buggy • Sewer Laborer • Sign Erector (all types of faces and supporting structures) • Signalman • Scissor and Manlift • Skipman • Slopers • Solar Worker • Spray man • Stake Chaser • Stake Setter • Stock piler • Tampers • Tie Back Shoring • Timber Xxxxxx and Xxxxxx (Hand Labor) • Tool Operators, Handheld, Walk Behind (Except Concrete Saw) and • Remote Control (includes but not limited to): - Dry Pack Machine - Jackhammer - Chipping Guns - Compaction - Paving Breakers - - Hand-held Concrete Saw and Demo Saws - Core Drill (2" diameter maximum) • Tool room Man (at Jobsite)

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