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Second Lien Qualified Obligations Account Sample Clauses

Second Lien Qualified Obligations Account. The Treasurer shall continue to maintain the Second Lien Qualified Obligations Account, heretofore created under the 2004 Resolution, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2022 Bonds are the only Qualified Obligations Outstanding, such account shall be closed on the date that no 2022 Bonds remain Outstanding and no obligations payable from such account remain outstanding.
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Second Lien Qualified Obligations Account. The City shall cause the Treasurer to establish and maintain a new account within the Water System Surplus Revenue Fund, which shall be designated as the “Second Lien Qualified Obligations Account.” The City shall make deposits to and payments from the Second Lien Qualified Obligations Account in accordance with the terms of this Installment Purchase Agreement.
Sample 1
Second Lien Qualified Obligations Account. The Treasurer shall continue to maintain the Second Lien Qualified Obligations Account, heretofore created under the 2004 Resolution, so long as any Second Lien Qualified Obligations remain Outstanding. The City shall make deposits to and payments from the Second Lien Qualified Obligations Account in accordance with the terms of this Installment Purchase Agreement; provided, however, that if 2015-A Bonds are the only Qualified Obligations and Second Lien Qualified Obligations Outstanding, such account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2015-A Bonds or obligations payable from such account remain outstanding.
Sample 1

Related to Second Lien Qualified Obligations Account

  • Additional Obligations The Company will use its best efforts to (a) register and qualify the Registrable Securities covered by a Registration Statement under such other securities or blue sky laws of such jurisdictions as each Investor who holds (or has the right to hold) Registrable Securities being offered reasonably requests, (b) prepare and file in those jurisdictions any amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain their effectiveness during the Registration Period, (c) take any other actions necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (d) take any other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions. Notwithstanding the foregoing, the Company is not required, in connection such obligations, to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4, (ii) subject itself to general taxation in any such jurisdiction, (iii) file a general consent to service of process in any such jurisdiction, (iv) provide any undertakings that cause material expense or burden to the Company, or (v) make any change in its charter or bylaws, which in each case the Board of Directors of the Company determines to be contrary to the best interests of the Company and its stockholders.

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