Common use of Procedure for the Issuance of Additional Bonds Clause in Contracts

Procedure for the Issuance of Additional Bonds. At any time after the sale of any Additional Bonds in accordance with the Act, the Issuer shall execute such Additional Bonds for issuance hereunder and shall deliver them to the Trustee, and thereupon such Additional Bonds shall be authenticated and delivered by the Trustee to the purchaser thereof upon the written request of the Issuer, but only upon receipt by the Trustee of the following documents or money or securities, all of such documents dated or certified, as the case may be, as of the Date of Delivery of such Additional Bonds by the Trustee (unless the Issuer shall direct the Trustee to accept any of such documents bearing a prior date): (a) A certified copy of the Supplemental Indenture authorizing the issuance of such Additional Bonds; (b) A written request of the Issuer as to the delivery of such Additional Bonds; (c) An Opinion of Bond Counsel to the effect that (1) the Issuer has the right and power under the Act to execute and deliver the Supplemental Indenture and the Supplemental Indenture has been duly and lawfully executed and delivered by the Issuer, is in full force and effect and is valid and binding upon the Issuer (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights and by equitable principles), (2) the Supplemental Indenture creates the valid pledge of and charge and lien upon the Revenues which it purports to create as provided therein, subject to the application thereof to the purposes and on the conditions permitted hereby, (3) such Additional Bonds are valid and binding special obligations of the Issuer (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights and by equitable principles) and entitled to the benefits of the Act and hereof, and such Additional Bonds have been duly and validly authorized, executed, issued and delivered in accordance with the Act and herewith, (4) the amendments to the Loan Agreement, required by Section 2.12(c) hereof have been duly authorized, executed and delivered, and (5) the delivery of such Additional Bonds will not have an adverse effect on the exclusion from gross income for federal income tax purposes of the interest on the Bonds; (d) A Certificate of the Issuer containing such statements as may be reasonably necessary, as determined by Bond Counsel, to show compliance with the conditions for the issuance of such Additional Bonds contained herein; (e) Such further documents, money or securities as are required by the provisions of the Supplemental Indenture providing for the issuance of such Additional Bonds

Procedure for the Issuance of Additional Bonds. At any time after All of the sale of any Additional Bonds in accordance with the Act, the Issuer shall execute such Additional Bonds for issuance hereunder and shall deliver them to the Trustee, and thereupon such Additional Bonds shall be authenticated executed by the Agency for issuance under this Indenture and delivered to the Trustee and thereupon shall be delivered by the Trustee to the purchaser thereof upon the written request Written Request of the IssuerAgency, but only upon receipt by the Trustee of the following documents or money or securities, all of such documents dated or certified, as the case may be, as of the Date of Delivery of such Additional Bonds by the Trustee (unless the Issuer shall direct the Trustee to accept any of such documents bearing a prior date):: (a1) A certified copy of the Supplemental Indenture authorizing the issuance of such Additional Bonds; (b2) A written request Written Request of the Issuer Agency as to the delivery of such Additional Bonds; (c3) An Opinion opinion of Bond Counsel counsel of recognized standing in the field of law relating to municipal bonds addressed to the Agency and the Trustee substantially to the effect that (1a) the Issuer Agency has the right and power under the Act Law to execute and deliver the Supplemental Indenture thereto, and the Indenture and all such Supplemental Indenture has Indentures have been duly and lawfully executed and delivered by the IssuerAgency, is are in full force and effect and is are valid and binding upon the Issuer Agency and enforceable in accordance with their terms (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights rights); and by equitable principles), (2) the Supplemental Indenture creates the valid pledge of and charge and lien upon the Revenues which it purports to create as provided therein, subject to the application thereof to the purposes and on the conditions permitted hereby, (3b) such Additional Bonds are valid and binding special obligations of the Issuer Agency, enforceable in accordance with their terms (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights and by equitable principlesrights) and the terms of the Indenture and all Supplemental Indenture thereto and are entitled to the benefits of the Act Indenture and hereofall such Supplemental Indentures and the Law, and such Additional Bonds have been duly and validly authorized, executed, authorized and issued and delivered in accordance with the Act Law and herewith, (4) the amendments to the Loan Agreement, required by Section 2.12(c) hereof have been duly authorized, executed Indenture and delivered, and (5) the delivery of all such Additional Bonds will not have an adverse effect on the exclusion from gross income for federal income tax purposes of the interest on the BondsSupplemental Indentures; (d4) A Certificate of the Issuer Agency containing such statements as may be reasonably necessary, as determined by Bond Counsel, necessary to show compliance with the conditions for the issuance requirements of such Additional Bonds contained herein;this Indenture; and (e5) Such further documents, money or and securities as are required by the provisions of this Indenture and the Supplemental Indenture providing for the issuance of such Additional Bonds.

Procedure for the Issuance of Additional Bonds. At any time after the sale of any Additional Bonds in accordance with the Act, the Issuer Authority shall execute such Additional Bonds for issuance hereunder and shall deliver them to the Trustee, and thereupon such Additional Bonds shall be authenticated and delivered by the Trustee to the purchaser thereof upon the written request Written Request of the IssuerAuthority, but only upon receipt by the Trustee of the following documents or money or securities, all of such documents dated or certified, as the case may be, as of the Date date of Delivery delivery of such Additional Bonds by the Trustee (unless the Issuer shall direct the Trustee to accept any of such documents bearing a prior date):Trustee: (a) A certified copy of the Supplemental Indenture Trust Agreement authorizing the issuance of such Additional Bonds; (b) A written request Written Request of the Issuer Authority as to the authentication and delivery of such Additional Bonds; (c) An Opinion of Bond Counsel to the effect that (1) the Issuer Authority has the right and power under the Act to execute and deliver the Supplemental Indenture Trust Agreement and the Supplemental Indenture Trust Agreement has been duly and lawfully executed and delivered by the IssuerAuthority, is in full force and effect and is valid and binding upon the Issuer (except as enforcement may be limited by bankruptcy, insolvency, reorganization Authority and no other similar laws relating to authorization for the enforcement of creditors’ rights execution and by equitable principles)delivery hereof is required, (2) the Supplemental Indenture Trust Agreement creates the valid pledge of and charge and lien upon the Revenues which it purports to create as provided therein, subject to the application thereof to the purposes and on the conditions permitted hereby, and (3) such Additional Bonds are valid and binding special limited obligations of the Issuer (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights and by equitable principles) and Authority entitled to the benefits of the Act and hereof, and such Additional Bonds have been duly and validly authorized, executed, issued and delivered in accordance with the Act and herewith, (4) the amendments to the Loan Agreement, required by Section 2.12(c) hereof have been duly authorized, executed and delivered, and (5) the delivery of such Additional Bonds will not have an adverse effect on the exclusion from gross income for federal income tax purposes of the interest on the Bonds; (d) A Certificate of the Issuer Authority containing such statements as may be reasonably necessary, as determined by Bond Counsel, necessary to show compliance with the conditions for the issuance of such Additional Bonds contained herein;; and (e) Such further documents, money or securities as are required by the provisions of the Supplemental Indenture Trust Agreement providing for the issuance of such Additional Bonds.

Procedure for the Issuance of Additional Bonds. At any time after the sale of any Additional Bonds in accordance with the Act, the Issuer shall execute such Additional Bonds shall be executed by the Community Facilities District for issuance hereunder and shall deliver them be delivered to the Trustee, Trustee and thereupon such Additional Bonds shall be authenticated and delivered by the Trustee to the purchaser thereof upon the written request of the IssuerTrustee, but only upon receipt by the Trustee of the following documents or money or securities, all of such documents dated or certified, as the case may be, as of the Date of Delivery of such Additional Bonds by the Trustee (unless the Issuer shall direct the Trustee to accept any of such documents bearing a prior date):following: (a) A a certified copy of the Supplemental Indenture authorizing the issuance of such Additional Bonds; (b) A written request a Written Request of the Issuer Community Facilities District as to the delivery of such Additional Bonds; (c) An Opinion a Written Certificate of the Community Facilities District stating that the conditions precedent to the issuance of such Additional Bonds specified in Section 3.04 have been satisfied; (d) an opinion of Bond Counsel substantially to the effect that (1i) the Issuer this Indenture, as modified and amended by all Supplemental Indentures theretofore, or thereupon being, entered into has the right and power under the Act to execute and deliver the Supplemental Indenture and the Supplemental Indenture has been duly and lawfully executed and delivered by the Issuer, is in full force and effect and is valid and binding upon the Issuer (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights and by equitable principles), (2) the Supplemental Indenture creates the valid pledge of and charge and lien upon the Revenues which it purports to create as provided therein, subject to the application thereof to the purposes and on the conditions permitted hereby, (3) such Additional Bonds are valid and binding special obligations of the Issuer (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights and by equitable principles) and entitled to the benefits of the Act and hereof, and such Additional Bonds have been duly and validly authorized, executed, issued and delivered in accordance with the Act and herewith, (4) the amendments to the Loan Agreement, required by Section 2.12(c) hereof have been duly authorized, executed and delivereddelivered by, and constitutes the valid and binding obligation of, the Community Facilities District, (ii) such Additional Bonds constitute valid and binding special, limited obligations of the Community Facilities District, and (5iii) the delivery issuance of such Additional Bonds, in and of itself, will not adversely affect the exclusion of interest on the Bonds Outstanding prior to the issuance of such Additional Bonds will not have an adverse effect on the exclusion from gross income for federal income tax purposes of the interest on the Bonds; (d) A Certificate of the Issuer containing such statements as may be reasonably necessary, as determined by Bond Counsel, to show compliance with the conditions for the issuance of such Additional Bonds contained hereinpurposes; (e) Such the proceeds of the sale of such Additional Bonds; and (f) such further documents, documents or money or securities as are required by the provisions hereof or by the provisions of the Supplemental Indenture providing for the issuance of pursuant to which such Additional BondsBonds are issued.

Procedure for the Issuance of Additional Bonds. At any time after the sale of any Additional Bonds in accordance with the Act, the Issuer shall execute such Additional Bonds shall be executed by the Community Facilities District for issuance hereunder and shall deliver them be delivered to the Trustee, Trustee and thereupon such Additional Bonds shall be authenticated and delivered by the Trustee to the purchaser thereof upon the written request of the IssuerTrustee, but only upon receipt by the Trustee of the following documents or money or securities, all of such documents dated or certified, as the case may be, as of the Date of Delivery of such Additional Bonds by the Trustee (unless the Issuer shall direct the Trustee to accept any of such documents bearing a prior date):following: (a) A a certified copy of the Supplemental Indenture authorizing the issuance of such Additional Bonds; (b) A written request a Written Request of the Issuer Community Facilities District as to the delivery of such Additional Bonds; (c) An Opinion a Written Certificate of the Community Facilities District stating that the conditions precedent to the issuance of such Additional Bonds specified in Section 3.04 have been satisfied; (d) an opinion of Bond Counsel substantially to the effect that (1i) the Issuer has the right and power under the Act to execute and deliver the Supplemental this Indenture and the all Supplemental Indenture has Indentures have been duly and lawfully authorized, executed and delivered by by, and constitute the Issuer, is in full force and effect and is valid and binding upon obligations of, the Issuer Community Facilities District, enforceable in accordance with their terms (except as enforcement may be limited by bankruptcy, insolvency, reorganization reorganization, moratorium and other similar laws relating to the enforcement of affecting creditors’ rights and by the application of equitable principlesprinciples and by the exercise of judicial discretion in appropriate cases and subject to the limitations on legal remedies against political subdivisions in the State), (2) the Supplemental Indenture creates the valid pledge of and charge and lien upon the Revenues which it purports to create as provided therein, subject to the application thereof to the purposes and on the conditions permitted hereby, (3ii) such Additional Bonds are constitute valid and binding special obligations of the Issuer Community Facilities District and are enforceable in accordance with their terms (except as enforcement may be limited by bankruptcy, insolvency, reorganization reorganization, moratorium and other similar laws relating to the enforcement of affecting creditors’ rights and by the application of equitable principles) principles and entitled by the exercise of judicial discretion in appropriate cases and subject to the benefits of limitations on legal remedies against political subdivisions in the Act and hereof, and such Additional Bonds have been duly and validly authorized, executed, issued and delivered in accordance with the Act and herewith, (4) the amendments to the Loan Agreement, required by Section 2.12(c) hereof have been duly authorized, executed and deliveredState), and (5iii) the delivery issuance of such Additional Bonds, in and of itself, will not adversely affect the exclusion of interest on the Bonds Outstanding prior to the issuance of such Additional Bonds will not have an adverse effect on the exclusion from gross income for federal income tax purposes of the interest on the Bonds; (d) A Certificate of the Issuer containing such statements as may be reasonably necessary, as determined by Bond Counsel, to show compliance with the conditions for the issuance of such Additional Bonds contained hereinpurposes; (e) Such the proceeds of the sale of such Additional Bonds; and (f) such further documents, documents or money or securities as are required by the provisions hereof or by the provisions of the Supplemental Indenture providing for authorizing the issuance of such Additional Bonds.