TIFIA Bond Clause Samples

TIFIA Bond. As evidence of the Borrower’s obligation to repay the TIFIA Loan, the Borrower shall issue and deliver to the TIFIA Lender, on or prior to the Effective Date, the TIFIA Bond substantially in the form of Exhibit A (Form of TIFIA Bond), having a maximum principal amount (excluding capitalized interest) of $615,267,000 (subject to increase or decrease as herein provided) and bearing interest at the rate set forth in Section 6 (Interest Rate).