Examples of CDOT O&M Loan Agreement in a sentence
The Borrower shall deliver to the TIFIA Lender copies of any CDOT O&M Loan Agreements and shall not enter into any CDOT O&M Loan Agreement that contains terms and conditions that differ in any material respect from the terms set forth in the “Form of CDOT Backup Loan Agreement” attached as Exhibit A to the CDOT – HPTE IAA without the TIFIA Lender’s prior written consent.
The Borrower shall request a loan from CDOT pursuant to and subject to the terms and conditions of the CDOT O&M Loan Agreement for Project O&M Expenses if the projected Project O&M Expenses are anticipated to exceed the projected balance in the Existing I-25 Express Lanes Excess Revenue Subaccount of the Project O&M Account by 5%.
As a condition to executing any Supplemental Indenture or amendment to this Master Indenture or consenting to any amendment to the 2011 TIFIA Loan Agreement, the CDOT O&M Loan Agreement and the I-25 Excess Revenues IGA, the Trustee shall be entitled to receive and rely upon a written opinion of Bond Counsel to the effect that the execution thereof is authorized or permitted under this Master Indenture, the Supplemental Indentures and FASTER and will not cause an Adverse Tax Event.
Comparing conditions in 2003 and 2004, immediately after the introduction of the original scheme with 2002 immediately before, as in Figure 3, congestion during charging hours within the charging zone was reduced by an average of about 30%.
CDOT shall fail to observe or perform any covenant, agreement or Obligation of CDOT under the Direct Agreement or fail to diligently pursue an advance of funds subject to and in accordance with the terms of the CDOT O&M Loan Agreement.
The Borrower shall not make any payments to CDOT pursuant to any CDOT O&M Loan Agreement unless, as of any proposed date for such payment, the Borrower shall have (A) paid to the TIFIA Lender all TIFIA Debt Service that has become due and payable on such date or on any date prior to such proposed payment and (B) made all transfers from the Surplus Account that have a higher priority than payments in respect of CDOT O&M Loans pursuant to Section 3.14(c) of the Indenture.
CDOT acknowledges and agrees that CDOT’s agreement to subordinate the repayment of each CDOT O&M Loan as provided herein and in each CDOT O&M Loan Agreement is intended to be and shall be enforceable as a subordination agreement within the meaning of Section 510 of the United States Bankruptcy Code, 11 U.S.C. § 101 et seq., or similar bankruptcy law.
The Borrower shall deliver to the TIFIA Lender copies of any CDOT O&M Loan Agreements and shall not enter into any CDOT O&M Loan Agreement that contains terms and conditions that differ in any material respect from the terms set forth in the “Form of CDOT Backup Loan Agreement” attached as Exhibit A to the I-25N IAA without the XXXXX Xxxxxx’s prior written consent.
CDOT shall fail to diligently pursue an advance of funds subject to and in accordance with the terms of any CDOT O&M Loan Agreement.
As a condition to executing any Supplemental Indenture or amendment to this Master Indenture or consenting to any amendment to the 2017 TIFIA Loan Agreement and a CDOT O&M Loan Agreement, the Trustee shall be entitled to receive and rely upon a written opinion of Bond Counsel to the effect that the execution thereof is authorized or permitted under this Master Indenture, the Supplemental Indentures and FASTER and will not cause an Adverse Tax Event.