Bonded Indebtedness Limit definition
Bonded Indebtedness Limit means the dollar limit, if any, on the amount of bonded indebtedness that can be outstanding at any time that is specified in accordance with the CCRL in the Shipyard Redevelopment Plan and the Candlestick Redevelopment Plan (for the portion of the BVHP Redevelopment Plan Area in which the Candlestick Site is located).
Bonded Indebtedness Limit is $5.9 billion, which is the aggregate total of bonded indebtedness that can be outstanding at any time for the Shipyard Site and the Candlestick Site.
Examples of Bonded Indebtedness Limit in a sentence
While the Agency shall comply with the Bonded Indebtedness Limit in the issuance of Tax Allocation Debt, the Bonded Indebtedness Limit does not limit the amount of the “indebtedness” of the Agency under this Financing Plan.