Authorizing Instrument definition

Authorizing Instrument means an ordinance, resolution, instrument or other written evidence of a proceeding by which a governing body takes formal action and adopts legislative provisions on matters of some permanency;

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on April 10, 2017 as may be amended and supplemented pursuant to the terms thereof.

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on August 8, 2016, as may be amended and supplemented pursuant to the terms thereof.

Examples of Authorizing Instrument in a sentence

• Nothing in this subsection shall waive or modify additional requirements contained in any such authorizing instrument (including the Authorizing Instrument related to the Bonds); the provisions of this subsection and any such authorizing instrument (including the Authorizing Instrument related to the Bonds) shall both be required to be met.

• The Participant understands that the Finance Authority, pursuant to Public Law 235-2005, by operation of law and effective May 15, 2005, has become the successor to the State and the Bond Bank, and agrees to such as if the Prior Agreements (and the Authorizing Instrument and the Bonds referenced in such Prior Agreements and all other collateral agreements and understandings thereto), were amended and restated contemporaneously herewith to such force and effect.

• If the Authorizing Instrument permits the Participant to apply Bond proceeds to pay interest accruing on or before Substantial Completion of Construction, the Participant may seek to reimburse itself for such interest costs it has paid pursuant to a Disbursement Request provided, unless otherwise approved by the Finance Authority, any such reimbursement shall be limited to the amount thereof that the Participant causes to be used to pay the Settlement Fee.

• The Finance Authority may at its option sell or assign all or a portion of its rights and obligations under this Agreement, the Authorizing Instrument, and the Bonds to an agency of the State or to a separate body corporate and politic of the State or to a trustee under trust instrument to which the Finance Authority, the State or any assignee is a beneficiary or party.

• Any Loan Reduction Payment shall be applied to pay principal in such amounts and with such maturities as achieves as level debt service as practicable consistent with methodology prescribed in the Authorizing Instrument and as originally applied to the Bonds, and with no maturity longer than the original maturity schedule; provided that any principal payments originally scheduled under Section 2.02 herein as being due prior to the Loan Reduction Payment shall be unaffected by such payment.

More Definitions of Authorizing Instrument

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on December 10, 2018 as may be amended and supplemented pursuant to the terms thereof.

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on December 12, 2016 as may be amended and supplemented pursuant to the terms thereof.

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on March 25, 2019 as may be amended and supplemented pursuant to the terms thereof.

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on October 14, 2019 as may be amended and supplemented pursuant to the terms thereof.

Authorizing Instrument means an ordinance duly adopted by the governing body of the Issuer on March 21, 2016 as may be amended and supplemented pursuant to the terms thereof.

Authorizing Instrument means any ordinance, resolution, indenture or instrument of the Authority authorizing the issuance of notes, bonds or other similar financial obligations, the proceeds of which are to be used in connection with the Authority’s administration, maintenance, management, regulation, operation, improvement, development or use of the Airport.

Authorizing Instrument means a resolution duly adopted by the governing body of the Issuer on June 17, 2024 as may be amended and supplemented pursuant to the terms thereof.