Terms of Section Sample Clauses

Terms of Section. 1 Notes [] notes in the amount of $[] will be issued by MDTA on financial close of Section 1 at a fixed interest rate (the "Section 1 Notes"). MDTA may issue the Section 1 Notes at a premium. Term: The term of the notes shall be 40 years from the date of the Section P3 Agreement for Section 1. MDTA will have the option to redeem the Section 1 Notes commencing 10 years from the date of the Section P3 Agreement for Section 1. Interest rate: Fixed rate of []% per annum. Interest shall accrue from the date falling 3 months after the Substantial Completion Date for Section 1 and shall be payable monthly on the Section 1 Toll Payment Date (defined below). The yields on the Section 1 Notes are expected to be reflective of 30-year US Treasury yields at the time of issuance. Amortization: Principal on the Section 1 Notes shall be repaid monthly on each Section 1 Toll Payment Date such that total monthly debt service (principal plus interest) equals $[] commencing on the date falling 7 years from the date of Section P3 Agreement for Section 1. Interest on the Section 1 Notes is expected to be taxable to the extent provided under applicable federal and State law.
AutoNDA by SimpleDocs
Terms of Section. 1 Notes [] notes in the amount of $[]2 will be issued by MDTA on financial close of Section 1 at a fixed interest rate (the "Section 1 Notes"). MDTA may issue the Section 1 Notes at a premium. Term: The term of the notes shall be 40 years from the date of financial close of the Section P3 Agreement for Section 1. MDTA will have the option to redeem the Section 1 Notes commencing 10 years from the date of the Section P3 Agreement for Section 1. Interest rate: Fixed rate of []% per annum. Interest shall accrue from the date falling 3 months after the Substantial Completion Date for Section 1 and shall be payable monthly on the Section 1 Toll Payment Date (defined below). The yields on the Section 1 Notes are expected to be reflective of 30-year US Treasury yields at the time of issuance. Amortization: Principal on the Section 1 Notes shall be repaid monthly on each Section 1 Toll Payment Date such that total monthly debt service (principal plus interest) equals $[] commencing on the date falling [6/7] years from the date of [Section P3 Agreement]/[financial close] for Section 1. Interest on the Section 1 Notes is expected to be taxable to the extent provided under applicable federal and State law.

Related to Terms of Section

  • The following sections of Section 4 OGS Centralized Contract Terms and Conditions have been renumbered as depicted in the following chart: Current Amended Section Title 4.25 4.26 Severability 4.26 4.27 Entire Agreement

  • With reference to Article 5 It is understood that the term “permanent establishment” also includes the furnishing of services by an enterprise of a Contracting State through employees or other personnel engaged by the enterprise for such purpose, but only where the activities of such employees or personnel are performed in the territory of the other Contracting State for a period or periods aggregating more than 183 days within any twelve-month period.

  • Pursuant to Section 2.1 of this Agreement, the Seller conveyed to the Trust all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement including the Seller’s rights under the Purchase Agreement and the delivery requirements, representations and warranties and the cure or repurchase obligations of AmeriCredit thereunder. The Seller hereby represents and warrants to the Trust that such assignment is valid, enforceable and effective to permit the Trust to enforce such obligations of AmeriCredit under the Purchase Agreement. Any purchase by AmeriCredit pursuant to the Purchase Agreement shall be deemed a purchase by the Seller pursuant to this Section 3.2 and the definition of Purchased Receivable.

  • Principle of Security The Board and the Association agree that increased length of service in the employment of the Board entitles all employees covered by this Agreement to commensurate increase in security of teaching employment, provided that they possess the qualifications necessary for the positions available.

  • Modification to Article IV, Section 7 of the DPA Article IV, Section 7 of the DPA (Advertising Limitations) is amended by deleting the stricken text as follows: Provider is prohibited from using, disclosing, or selling Student Data to (a) inform, influence, or enable Targeted Advertising; or (b) develop a profile of a student, family member/guardian or group, for any purpose other than providing the Service to LEA. This section does not prohibit Provider from using Student Data (i) for adaptive learning or customized student learning (including generating personalized learning recommendations); or (ii) to make product recommendations to teachers or LEA employees; or (iii) to notify account holders about new education product updates, features, or services or from otherwise using Student Data as permitted in this DPA and its accompanying exhibits. [SIGNATURES BELOW]

  • Principles of Security 2.1 The Contractor acknowledges that the Authority places great emphasis on confidentiality, integrity and availability of information and consequently on the security of the Premises and the security for the Contractor System. The Contractor also acknowledges the confidentiality of the Authority's Data.

  • Modification to Article V, Section 4 of the DPA Article V, Section 4 of the DPA (Data Breach.) is amended with the following additions: (6) For purposes of defining an unauthorized disclosure or security breach, this definition specifically includes meanings assigned by Texas law, including applicable provisions in the Texas Education Code and Texas Business and Commerce Code.

  • Incorporation of Administrative Code Provisions by Reference The provisions of Chapters 12B and 12C of the San Francisco Administrative Code are incorporated in this Section by reference and made a part of this Agreement as though fully set forth herein. Contractor shall comply fully with and be bound by all of the provisions that apply to this Agreement under such Chapters, including but not limited to the remedies provided in such Chapters. Without limiting the foregoing, Contractor understands that pursuant to §§12B.2(h) and 12C.3(g) of the San Francisco Administrative Code, a penalty of $50 for each person for each calendar day during which such person was discriminated against in violation of the provisions of this Agreement may be assessed against Contractor and/or deducted from any payments due Contractor.

  • Pursuant to Section 2271 002 of the Texas Government Code, Respondent certifies that either (i) it meets an exemption criteria under Section 2271.002; or (ii) it does not boycott Israel and will not boycott Israel during the term of the contract resulting from this Solicitation. If Respondent refuses to make that certification, Respondent shall state here any facts that make it exempt from the boycott certification: .

  • Agreements Relating to Sentencing 10. The government agrees to recommend that the Court impose a sentence of imprisonment within the applicable guidelines range and to make no further recommendation concerning what sentence of imprisonment should be imposed.

Time is Money Join Law Insider Premium to draft better contracts faster.