Bond Financed Property definition

Bond Financed Property means all of the property of the Corporation financed or refinanced with the proceeds of the Series 2021 Bonds.
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Bond Financed Property means all real and personal property originally financed in whole or part, directly or indirectly, with the proceeds of the Series 2008 Bonds and to be refinanced using proceeds of the Series 2017 Bonds.
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Bond Financed Property shall collectively mean all items financed or refinanced with proceeds of the Bonds.
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Examples of Bond Financed Property in a sentence

  • Each Purchaser acknowledges and agrees that it shall benefit from the District’s acquisition and construction of the Bond Financed Property, and has received adequate consideration for the obligations of the Purchaser undertaken hereunder.

  • Any Purchaser that or who is a “substantial user” of the Bond Financed Property or any “related person” within the meaning of Section 147(a)(1) of the Internal Revenue Code of 1986, as amended, and the applicable Treasury Regulations promulgated thereunder, hereby acknowledges and agrees that interest on the Series 2016 Bonds is not exempt from federal income taxation while owned by such a “substantial user or “related person.” ARTICLE III CONDITIONS PRECEDENT TO EFFECTIVENESS Section 3.01.

  • Each Borrower agrees that it will not use or permit to be used any of its Bond Financed Property (i) by any Person in an Unrelated Trade or Business of the Borrower, or (ii) by any Person who is not a Tax-Exempt Organization, in either case in such manner or to such extent as would result in the loss of any exemption for purposes of federal income taxation to which the interest on the Bonds would otherwise be entitled.

  • The provisions of the Master Indenture notwithstanding, each Borrower further covenants and agrees that it will not sell, lease or otherwise dispose (including without limitation any involuntary disposition resulting from an act or failure to act by the Borrower), directly or indirectly, in whole or in part, of the Bond Financed Property unless the provisions of Section of the Tax Exemption Agreement are satisfied.


More Definitions of Bond Financed Property

Bond Financed Property has the meaning assigned to that term in the recitals to this Agreement.
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Bond Financed Property means any and all property of the Borrower financed or refinanced with the proceeds of the Series 2008 Bonds.
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Bond Financed Property means that portion of the Premises under the Lease financed with the proceeds of the Bonds.
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Bond Financed Property means certain facilities for the transport, loading, unloading and storage of petroleum products that have been or will be constructed by the Company on behalf of the District pursuant to the Ground Lease and the Facilities Lease using proceeds of the Series 2016 Bonds as set forth in Exhibits B and C of the Facilities Lease.
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Related to Bond Financed Property

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Securitization Property means the property described in section 10j.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Release Property has the meaning set forth in Section 2.5.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Collateral has the meaning set forth in Section 2.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Financed Equipment is all present and future Eligible Equipment in which Borrower has any interest, the purchase of which is financed by an Equipment Advance.

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Financed Vehicle means an automobile, light-duty truck or van, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable.

  • UCC Collateral is defined in Section 3.03.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Collateral Pool means all of the Collateral.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Custodial property means an interest in property transferred to a custodian under this act and the income from, and proceeds of, that interest in property.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.