Bond Lease definition
Examples of Bond Lease in a sentence
Without limitation, the Project Bonds shall not be a general obligation of the Authority, but shall be a special and limited obligation payable solely from the payments received under the Bond Lease and other pledged security.
Pursuant to the Bond Lease, the Authority will lease the Project to the Company.
The Bond Lease shall contain terms and provisions substantially of the type normally included in bond leases between governmental “conduit” bond issuers and users of bond-financed property.
There are no leases or occupancy agreements currently in effect which affect the Property other than the Bond Lease and the leases listed on Exhibit C (such leases listed on Exhibit C, the “Leases”).
If Mortgagor shall default under the Bond Lease, or if Mortgagee shall receive notice of any default under the Bond Lease, Mortgagee may, at its option but without any obligation to do so, take any action necessary or desirable to cure any such default, Mortgagee being authorized to enter upon the Land or leased premises for such purposes with or without notice and without becoming a mortgagee in possession.