Examples of Bond Lender in a sentence
Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender or any Revenue Bond Lender, as the case may be, to reimburse an Issuing Bank shall be for the account of such Revolving Lender or Revenue Bond Lender, as applicable, to the extent of such payment.
Provided that no Event of Default has occurred and is continuing, upon Lender’s receipt of a written request from Borrower, which request shall describe in reasonable detail the circumstances giving rise to Borrower’s need to have physical possession of the Timeshare Project Payment Bond, Lender shall promptly release the Timeshare Project Payment Bond to Borrower.
Lake Restoration Bond UpdateCouncil to Select Bond Lender this Month Minerva Park Council will select at its January 11 meeting the bank that will hold the $365,000 17-year lake restoration bond.
The General Partner and its Affiliates, jointly and severally, are hereby authorized to incur personal liability for the repayment of funds advanced by the Bond Lender, AmSouth Bank (and interest thereon) pursuant to the Bond Loan Documents and the Letter of Credit Documents.
On or about the Closing Date, the Issuer will enter into the Collateral Bond Loan Agreement with the Collateral Bond Lender.
The Agency shall also pay the Initial Bond Lender a fee of $[ ] promptly at closing.
Prior to the Hedge Early Termination Date, the payment by the Issuer to the Hedge Counterparty of the Scheduled Periodic Hedge Issuer Payment on each Hedge Payment Date and the payment by the Issuerto the Collateral Bond Lender of all amounts due and payable under the Collateral Bond Loan Agreement will be senior to all payments to holders of the Notes by virtue of such amounts being paid from the Collection Account which is not subject to the Priorities of Payments.
The Initial Bond Lender shall pay all out-of-pocket expenses of the Initial Bond Lender and Initial Bond Lender's counsel, including travel and other expenses.
If an Event of Default occurs while the Initial Bond is Outstanding, the Initial Bond Lender may exercise any remedy available at law or in equity and as set forth in this Master Borrowing Declaration.
For the avoidance of doubt, the parties hereto acknowledge and agree that the funding by a Revenue Bond Lender of its participation interest in any Revenue Xxxx XX Disbursement shall not constitute a reimbursement by the Borrower of such Revenue Xxxx XX Disbursement.