Completion Bonds definition
Examples of Completion Bonds in a sentence
Prior to the incurrence of any Parity Debt, the Lessee will provide evidence satisfactory to the Trustee that each of the {^} conditions mandated by the Indenture for the issuance of Additional Bonds, Completion Bonds and Refunding Bonds, as the case may be, has been satisfied and will deliver to the Trustee the {^} instruments and documents required to demonstrate such compliance.
Engage solely in the business contemplated by the Master Agreement (which shall include those activities taken in furtherance of the production and distribution of Motion Pictures) and take actions, and engage in other transactions, expressly required, permitted or contemplated by the Transaction Documents, Ancillary Documents and Completion Bonds or necessary or advisable in connection therewith.
The Lessee shall adopt an Annual Budget prior to the beginning of each Fiscal Year which demonstrates a Debt Service Coverage Ratio with respect to the Series A Bonds, and any Completion Bonds, Additional Bonds and Refunding Bonds if and when issued, of 1.25 for the next Fiscal Year, and Total Operating Revenues at least equal to Annual Operating Expenses.
From the proceeds of each series of Additional Bonds or Completion Bonds there shall be deposited to the Bond Proceeds Account of the Construction Fund such amounts as shall be provided in the indenture or Supplemental Indenture relating to such Additional Bonds or Completion Bonds.
No change in the Contract Price or Contract Time will be approved without consent of Sureties providing Performance or Completion Bonds for the PLOT LAYOUT.