The Revenue Anticipation Certificates Sample Clauses

The Revenue Anticipation Certificates. The Authority shall issue its revenue anticipation certificates (the “Certificates”) in an amount currently estimated at $60,000,000, as requested by the Company, to pay or to reimburse the Company for costs of the Project as permitted by the Act. The Company shall be responsible for the arrangements pertaining to the acquisition of the Certificates. At the Company’s option, the Certificates may be sold to the Company or an affiliate of the Company in exchange for the Project or may be sold in a true financing to one or more banks, insurance companies, financial institutions or accredited investors in a private placement, or if the Certificates are secured by a letter of credit from a bank (or branch of a bank) that is federally regulated or regulated by any state, the Certificates may be sold in a public offering so long as the Certificates and any “separate securities” relating to the Certificates are exempt from registration under the federal securities laws. The Certificates shall be sold under a Certificate Purchase Agreement or similar agreement to be executed by the Authority, the Company and the original purchaser(s) or underwriter(s) of the Certificates (the “Purchaser”). The Certificates may be issued under the terms of a trust indenture (an “Indenture”). The Certificates may be, but are not required to be, issued as a single Certificate in one or more series. The Indenture may authorize the Certificates to be issued in the form of a draw-down obligation providing for the Purchaser to purchase all or any portion of the Certificates from time to time in such amounts as shall be directed by the Company and as shall be required to provide for the funding of the costs of the Project; provided that the maximum amount of Certificates purchased from time to time by the Purchaser shall in no event exceed the maximum amount authorized by the Authority. The terms of the Certificates (principal amortization, final maturity, interest rate(s), redemption provisions, and other terms) shall be as provided for in the resolution of the Authority authorizing the issuance of the Certificates (the “Certificate Resolution”), in the Certificate Purchase Agreement, in the Indenture, or in a combination of the foregoing and shall be reflected in the form of the Certificates. The Certificates shall be issued upon such terms as shall be provided in the Certificate Purchase Agreement.
Sample 1
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Related to The Revenue Anticipation Certificates

  • Completion Certificate (i) Upon completion of all Works forming part of the Project Highway, and the Authority’s Engineer determining the Tests to be successful and after the receipt of notarized true copies of the certificate(s) of insurance, copies of insurance policies and premium payment receipts in respect of the insurance defined in Article 20 and Schedule P of this Agreement, it shall, at the request of the Contractor forthwith issue to the Contractor and the Authority a certificate substantially in the form set forth in Schedule-L (the “Completion Certificate”).

  • Compliance Certificates The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year during which any Securities of any series were outstanding, an officer’s certificate stating whether or not the signers know of any Event of Default that occurred during such fiscal year. Such certificate shall contain a certification from the principal executive officer, principal financial officer or principal accounting officer of the Company that a review has been conducted of the activities of the Company and the Company’s performance under this Indenture and that the Company has complied with all conditions and covenants under this Indenture. For purposes of this Section 13.12, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture. If the officer of the Company signing such certificate has knowledge of such an Event of Default, the certificate shall describe any such Event of Default and its status.

  • TAXES AND TAX EXEMPTION CERTIFICATE 21.1 The Owners are generally exempt from any taxes imposed by the state or federal government. A Tax Exemption Certificate will be provided as applicable.

  • Solvency Certificate The Administrative Agent shall have received a Solvency Certificate from the chief financial officer or treasurer of the Borrower.

  • REPORT OF CONTRACT USAGE All fields of information shall be accurate and complete. The report is to be submitted electronically via electronic mail utilizing the template provided in Microsoft Excel 2003, or newer (or as otherwise directed by OGS), to the attention of the individual shown on the front page of the Contract Award Notification and shall reference the Group Number, Award Number, Contract Number, Sales Period, and Contractor's (or other authorized agent) Name, and all other fields required. OGS reserves the right to amend the report template without acquiring the approval of the Office of the State Comptroller or the Attorney General.

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