The Lease and Definitive Documents Sample Clauses

The Lease and Definitive Documents. The proceeds of the Bonds shall be applied by the Authority to acquire the Project for lease to the Company pursuant to the Lease, providing that fee simple title to the Project shall be held by the Authority and a leasehold interest in the Project shall be held by the Company. This structure is necessary in order to provide for the ad valorem tax savings as more fully described in Article 3, below, and to permit certain other arrangements with respect to the Project. At or prior to the date of issuance and delivery of the Bonds, title to the Project shall be vested in the Authority and at Closing the Project shall be leased to the Company, subject to Permitted Encumbrances (defined below), under the Lease which grants to the Company an option and obligation to purchase the Project, and obligates the Authority to convey the Project to the Company, for a nominal price ($100) when the Bonds have been retired or defeased. As used herein,
Sample 1
AutoNDA by SimpleDocs
The Lease and Definitive Documents. At or prior to the date of issuance and delivery of the Certificates, fee simple title to the Project shall be vested in the Authority and at Closing the Project shall be leased to the Company, subject to Permitted Encumbrances (defined below), under the Lease. This structure is necessary in order to provide for the ad valorem tax abatement as more fully described in Article 3, below. The Lease shall grant to the Company an option to purchase the Project, and obligates the Authority to convey the Project to the Company, for a nominal price ($100) when the Certificates have been retired or defeased. As used herein, “Permitted Encumbrances” means the liens, encumbrances and other matters specified as such in the Lease. The Lease shall otherwise include the terms described on Schedule C attached hereto. The Company shall make periodic payments (“Basic Rent”) under the Lease at the times and in the amounts as are required to pay the principal of, the redemption premium (if any), and the interest on the Certificates as the same become due and payable (after giving credit to other amounts for such purpose). The Certificate Resolution, Indenture, Lease, Certificate Purchase Agreement and other related documents shall contain terms and provisions of the type generally utilized in connection with “conduit” issues of revenue bonds or certificates. Such documents shall constitute the “Definitive Documents”. All of the Definitive Documents shall be subject to the written approval of the Company.
Sample 1

Related to The Lease and Definitive Documents

  • LETTER OF INTENT You can reduce the sales charge you pay on Class A shares by investing a certain amount over a 13-month period. Please indicate the total amount you intend to invest over the next 13-months. □ $50,000 □ $100,000 □ $250,000 □ $500,000 □ $1,000,000 or more Rights of Accumulation If you already own Class A shares of the Sierra Mutual Funds, you may already be eligible for a reduced sales charge on Class A share purchases. Please provide the eligible account number(s) below to qualify (if eligible). Account No. Account No. □ Net Asset Value (NAV). I have read the prospectus and qualify for a complete waiver of the sales charge on Class A shares. Registered representatives may complete the Dealer Information section as proof of eligibility. Reason for Waiver:

  • Negotiated Agreement This Agreement has been arrived at through negotiation between the parties. Neither party is the party that prepared this Agreement for purposes of construing this Agreement under California Civil Code section 1654.

  • Scope and Definitions 1. The provisions of this Chapter shall apply to technical regulations, standards and conformity assessment procedures as defined in the WTO TBT Agreement in so far as they affect trade between the Parties.

  • NEGOTIATED DEFINITIONS Wherever used in Articles IV, V, and VI, the following terms shall have the following meanings, unless the context in which used clearly indicates another meaning or otherwise; provided however, if there is a conflict between a term defined in this section and a term defined in the Act, the Comptroller’s Rules, or Section 1.1 of Agreement, the conflict shall be resolved by reference to Section 10.9.C.

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