Authority Bonds definition

Authority Bonds means the series of bonds of the Authority issued in whole or in part to finance the Loan made hereunder, together with any bonds of the Authority issued to refinance such bonds.

Authority Bonds means any bonds of the Authority issued to finance the State’s revolving fund established pursuant to the Water Pollution Control Act, as amended, and the Safe Drinking Water Act, as amended.

Authority Bonds means any bonds outstanding under the Authority Indenture, which are secured by payments made on the Bonds.

Examples of Authority Bonds in a sentence

• The right, title and interest of the Authority in and to the Financing Agreement and the payments thereunder and the security for such payments have been assigned by the Authority to the Authority Trustee, and the Bonds have been delivered by the Company on behalf of the Authority directly to the Authority Trustee, as assignee, as security for the payment of the principal of, and premium, if any, and interest on, the Authority Bonds.

• The Authority Trustee may not sell, assign or otherwise transfer the Bonds except for a transfer of the entire outstanding principal amount thereof to its successor as trustee under the Authority Indenture, which successor and each subsequent successor shall hold such Authority Bonds subject to the same restriction on transfer.

• However, they may not be advance refunded since the proceeds were used to advance refund other Airports Authority Bonds.

• Therefore, the Local Borrower represents and covenants as follows with respect to the Loan and the Authority Bonds.

• The Loan shall be funded solely from available proceeds of the Finance Authority Bonds contained in the Purchase Account or from other sources that the Finance Authority may, in its sole discretion, designate.

More Definitions of Authority Bonds

Authority Bonds means bonds authorized by the Bond Resolution, together with any refunding bonds authenticated and delivered pursuant to the Bond Resolution, in each case in order to provide the source of funding of the Loan, including the particular Project Loan Subaccount from which the amounts loaned to the Governmental Agency pursuant to this Loan Agreement are taken.

Authority Bonds means Bonds purchased with moneys provided to the Bond Trustee for the account of the Authority and that are registered in the name of the Authority or designated as being held for the account of the Authority, and that are not Liquidity Provider Bonds.

Authority Bonds means (i) Bonds owned or held by the Authority or the State or held by the Trustee, or their agents, for the account of the Authority or the State or (ii) Bonds which the Authority has notified the Trustee, or which the Trustee knows, were purchased by another Person for the account of the Authority or the State with moneys furnished by the Authority or the State.

Authority Bonds means any bonds outstanding under the Authority Indenture, which are secured in part by payments made on the Bonds and which may be secured in part by any Parity Bonds.

Authority Bonds means the bonds that may be issued by the Authority to provide approximately $176,000,000 in construction funds in accordance with the District Contract in connection with the financing of the Phase II Transportation Improvements. This definition also includes any bonds issued by the Authority to refund all or any of the Authority Bonds or bonds that shall have refunded bonds that have refunded Authority Bonds, provided that either (i) the annual debt service on such refunding bonds shall be equal to or less than the annual debt service on the bonds refunded and the final maturity of such refunding bonds shall occur no later than the final maturity of the bonds refunded or (ii) the Board and the Boards of Supervisors shall have given their prior written consent to the issuance of such refunding bonds.

Authority Bonds or “Bonds” mean bonds of the Authority authorized, authenticated, and delivered in order to finance or refinance the Project pursuant to this Loan Agreement and to enable the Department, through the Authority, to draw EPA capitalization grant funds for deposit in the SRF.

Authority Bonds means any bonds outstanding under the Authority Indenture, which are secured in part by payments made on the Bonds.