CID Bonds definition

CID Bonds means community improvement district special obligation bonds issued by the City to finance all or a portion of the CID Projects, if any.
CID Bonds means any CID Bonds issued and sold pursuant to Section 4.02 of this Agreement.

Examples of CID Bonds in a sentence

  • CID Bonds shall mature no more than twenty-two (22) years from date of issue.

  • Subsequently, for Phase 2, CID Bonds may be issued in a par amount of approximately $14,000,000 (which shall render an estimated $10,904,600 of net CID net Bond Proceeds) for use in funding Phase 2 CID Project Costs which would then be deposited in the applicable CID Bond accounts.

  • The parties hereby understand and agree that the approximated net proceeds amounts set forth for Phase 1 and Phase 2 above are not intended by the parties to operate as a limitation on the CID Proceeds that Developer may receive hereunder; however, that the parties agree that in no event shall more than a $30,000,000 principal amount of CID Bonds be issued in connection with the Project.

  • The CID Sales Taxes in the CID Bond Revenue Fund 2 will be utilized to first pay principal and interest payments required under CID Bonds for CID District 2 at such times as such payments may be required under the Bond Documents for Phase 2.

  • The specifics of the issuance and repayment of the CID Bonds for CID District 2 shall be in accordance with the Bond Documents for Phase 2, to be approved by ordinance of the City, in accordance with this Agreement.

  • Developer hereby understands and agrees that CID Proceeds from the CID Bonds for CID District 2 may not be spent for any Phase 1 CID Project Costs.

  • It is contemplated by the parties that the Project shall be funded in part by CID Bonds.

  • Bond Counsel provides to the City an opinion to the effect that the CID Bonds have been validly issued under Kansas law and, if applicable, the interest on the CID Bonds is exempt from Kansas and federal income taxation, subject to the standard exceptions.

  • Upon issuance of the CID Bonds, the net bond proceeds of the issuance of such bonds shall be disbursed to the Developer by the City or bond trustee for the purpose of funding the CID Costs in accordance with the terms of this Agreement and the bond documents of such issuance.

  • It is anticipated that the CID Bonds for CID Project Costs, may be issued and that the City, in its sole discretion, may authorize the issuance of XXX Xxxxx as provided for under the CID Act and the City's Economic Development Policy.


More Definitions of CID Bonds

CID Bonds means any CID bonds issued and sold pursuant to Section 4.03 hereof. "CID Bond Revenue Fund 1" means the account created and administered by the City for the deposit of CID Sales Tax from CID District 1.
CID Bonds means those notes or bonds issued in one or more series and payable, in whole or part, from all or a portion of the CID Sales Taxes, CID Assessments and/or Additional CID Assessments, if any, as described herein.

Related to CID Bonds

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Refunded Bonds means the portion of the $35,000 of the Series E Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by

  • School Bonds means School Obligations issued as Bonds.

  • Bank Bonds shall have the meaning ascribed thereto in Section 4.06(b)(i) hereof.

  • Existing Bonds means the following obligations of Seller:

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • Voting Bonds means the Outstanding Bonds less the Issuer’s Bonds.

  • Transition bonds means bonds, notes, certificates of

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.

  • Option Bonds means Current Interest Bonds, which may be either Serial or Term Bonds, which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.

  • Municipal Bonds means "Municipal Bonds" as defined in the Corporation's Registration Statement on Form N-2 (File No. 333-_____) relating to the AMPS on file with the Securities and Exchange Commission, as such Registration Statement may be amended from time to time, as well as short-term municipal obligations, High Yield Municipal Bonds and Inverse Floaters.

  • Pledged Bonds means the related series of Bonds and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture.