Borrower Bond definition

Borrower Bond means the Borrower Bond issued pursuant to the Borrower Enabling Act, authorized, executed, attested and delivered by the Borrower to the Trust to evidence the Borrower’s obligations to pay the Loan Repayments and all other amounts due and owing by the Borrower under this Loan Agreement, a specimen of which is attached hereto as Exhibit D and made a part hereof, pursuant to which the power and obligation of the Borrower to make such payments shall be unlimited and for the payment of which the Borrower shall, if necessary, levy ad valorem taxes upon all the taxable property within the jurisdiction of the Borrower without limitation as to rate or amount.
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Borrower Bond means the general obligation bond, note, debenture or other evidence of indebtedness authorized, executed, attested and delivered by the Borrower to the State and authenticated on behalf of the Borrower to evidence the Loan, a specimen of which is attached hereto as Exhibit D and made a part hereof.
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Borrower Bond means the revenue bond authorized, executed, attested and delivered by the Borrower to the I-Bank and authenticated on behalf of the Borrower to evidence and secure the Borrower’s obligations to pay the Loan Repayments and all other amounts due and owing by the Borrower under this Loan Agreement, a specimen of which is attached hereto as Exhibit D and made a part hereof.
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Examples of Borrower Bond in a sentence

  • In addition, the Borrower shall pay an Administrative Expense Surcharge on the outstanding principal amount of this Borrower Bond at a rate of .50% per annum.

  • The Borrower shall not prepay any principal payment set forth on Schedule B to the Borrower Bond any more than 15 days prior to the due date set forth in such Schedule B, unless the District consents in writing to such prepayment.

  • Once a Completion Certificate is required to be delivered pursuant to Section 3.4, the District shall prepare or revise or cause to be prepared or revised Schedule B to the Borrower Bond and the Trustee shall, after verifying the District’s calculations, send a copy of such Schedule B to the Borrower.

  • The payments of principal, interest and the Administrative Expense Surcharge with respect to the Loan shall be due on the dates and in the amounts shown in Schedule B to the Borrower Bond, as such Schedule B shall be modified from time to time as provided below.

  • The portion of each such Loan Payment consisting of principal and the portion consisting of interest and the amount of Administrative Expense Surcharge shall be set forth in Schedule B to the Borrower Bond.


More Definitions of Borrower Bond

Borrower Bond means the revenue bond authorized, executed, attested and delivered by the Borrower to the Trust and authenticated on behalf of the Borrower to evidence the Loan, a specimen of which is attached hereto as Exhibit D and made a part hereof.
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Borrower Bond means the general obligation bond, note, debenture or other evidence of indebtedness, authorized, executed, attested and delivered by the Borrower to the Trust and, if applicable, authenticated on behalf of the Borrower to evidence the Loan, a specimen of which is attached hereto as Exhibit D and made a part hereof.
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Borrower Bond means the bond issued by a Borrower to the I-Bank to evidence the Loan made by the I-Bank to the Borrower pursuant to the Applicable Loan Agreement, for the purpose of financing or refinancing a portion of the Cost of such Borrower’s Project.
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Borrower Bond means the revenue bond or bonds issued by the Borrower to the District on the date of this Loan Agreement pursuant to the Borrower Resolution and this Loan Agreement to evidence the Borrower’s obligation to repay the principal of and pay interest and Administrative Expense Surcharge on the Loan.
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Borrower Bond means any Bond registered to the Borrower pursuant to Subsection 312(a).
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Borrower Bond means the revenue bond authorized, executed, attested and delivered by the Borrower to the State and authenticated on behalf of the Borrower to evidence and secure the Borrower’s obligation to pay the Loan Repayments and all other amounts due and owing by
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Borrower Bond means the Borrower Bond issued pursuant to the Borrower Enabling Act, authorized, executed, attested and delivered by the Borrower to the I-Bank to evidence and secure the Borrower’s obligations to pay the Loan Repayments and all other amounts due and owing by the Borrower under this Loan Agreement, a specimen of which is attached hereto as
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