Common use of Prerequisites to Authentication of Bonds Clause in Contracts

Prerequisites to Authentication of Bonds. The Authority shall execute and deliver to the Trustee and the Trustee shall authenticate the Bonds and deliver said Bonds to the initial purchasers thereof as may be directed hereinafter in this Section 2.06. Prior to the delivery on original issuance by the Trustee of any authenticated Bonds there shall be or have been delivered to the Trustee: (a) a duly certified copy of a resolution of the Board of Directors of the Authority authorizing the execution and delivery of this Indenture and the Loan Agreement and the issuance of the Bonds; (b) an original duly executed counterpart or a duly certified copy of the Loan Agreement; (c) a request and authorization to the Trustee on behalf of the Authority, signed by its President or a Vice President, to authenticate and deliver the Bonds in the aggregate principal amount determined by this Indenture to the purchaser or purchasers therein identified upon payment to the Trustee, but for the account of the Authority, of a sum specified in such request and authorization plus any accrued interest on such Bonds to the date of delivery; and (d) a written statement on behalf of the Company, executed by the President, any Vice President or the Treasurer, (i) approving the issuance and delivery of the Bonds and (ii) consenting to each and every provision of this Indenture.

Prerequisites to Authentication of Bonds. The Authority Pollution Control Corporation shall execute and deliver to the Trustee and the Trustee shall authenticate the Bonds and deliver said Bonds to the initial purchasers thereof as may be directed hereinafter in this Section 2.06. Prior to the delivery on original issuance by the Trustee of any authenticated Bonds there shall be or have been delivered to the Trustee: (a) a duly certified copy of a resolution of the Board of Directors of the Authority Pollution Control Corporation authorizing the execution and delivery of this Indenture and the Loan Agreement and the issuance of the Bonds; (b) an original duly executed counterpart or a duly certified copy of the Loan Agreement; (c) a request and authorization to the Trustee on behalf of the AuthorityPollution Control Corporation, signed by its President or a Vice President, to authenticate and deliver the Bonds in the aggregate principal amount determined by this Indenture to the purchaser or purchasers therein identified upon payment to the Trustee, but for the account of the AuthorityPollution Control Corporation, of a sum specified in such request and authorization plus any accrued interest on such Bonds to the date of delivery; and (d) a written statement on behalf of the Company, executed by the President, any Vice President or the Treasurer, (i) approving the issuance and delivery of the Bonds and (ii) consenting to each and every provision of this Indenture.