Use of Proceeds of Bonds. The Authority covenants that the proceeds of the Bonds held in the Construction Fund shall be used for the following purposes:
Use of Proceeds of Bonds. Proceeds from the sale of the Bonds shall be used, together with other available moneys, if any, to currently refund the 2012 Series A Bonds, the proceeds of which were used by the Special Program Municipality for the purposes stated in clause (b) of the first sentence of Section 2435-a(1) of the Act.
Use of Proceeds of Bonds. The District hereby acknowledges that the Corporation will issue the Series 1996 Bonds and incur the indebtedness evidenced thereby (the aggregate principal amount of which includes the Costs of Issuance with respect thereto), in order to provide permanent financing for the Property in accordance with the Indenture.
Use of Proceeds of Bonds. The proceeds of the Bonds together with other available funds shall be used exclusively by the Corporation for the following purposes: to finance the Project, to fund a Bond Reserve Account and to pay the insurance premium and other expenses related to the execution and issuance of the Bonds.
Use of Proceeds of Bonds. The Qualified Issuer agrees that one hundred percent (100%) of the proceeds of each issuance of Bonds shall be credited to the Project Fund as defined pursuant to the Bond Trust Indenture to finance or Refinance Bond Loans to Eligible CDFIs for Eligible Purposes.
Use of Proceeds of Bonds. The Company shall not permit the proceeds of the Bonds to be used in any manner, nor shall it make any expenditures with respect to the Project or perform or permit any act, which would cause the Bonds to fail to meet the requirements of Section 147(b) of the Code.
Use of Proceeds of Bonds. Section 2.01 Project Facilities 4 Section 2.02 Bonds Not to Become Arbitrage Bonds 4 Section 2.03 Restriction on Use of Proceeds of Bonds 4 Section 2.04 Rebate Fund 4
Use of Proceeds of Bonds. Borrower shall not use or apply any of the proceeds from the sale of the Bonds except to the extent that Borrower shall be permitted to use such proceeds in strict conformity with the terms and conditions set forth in the Indentures and the Loan Agreements.
Use of Proceeds of Bonds. The proceeds of the Bonds together with other available funds shall be used exclusively by the Corporatio n for the following purposes: (a) to refund the Prior Bonds, issued to finance the Prior Project, (b) to fund a Bond Reserve Account and (c) to pay the insurance premium and other expenses related to the execution and issuance of the Bonds.
Use of Proceeds of Bonds. Use the proceeds from the sale of the Bonds solely to finance the Project and pay the expenses associated with the Bonds.
