Developer Bonds definition

Developer Bonds means Bonds issued to and registered in the name of Developer, a related party to the Developer or a Lender, pursuant to Section 4.05 hereof.
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Developer Bonds means Bonds that are owned by the Redeveloper according to the records of the Registrar.
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Developer Bonds means the City of Fishers, Indiana Redevelopment District Refunding Bonds, Series 2017C, authorized by the Series 2017C Resolution and issued in the aggregate principal amount of $3,275,000, or any series of bonds issued by the City or the District to refund such bonds.
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Examples of Developer Bonds in a sentence

  • This Revenue Deposit Agreement shall terminate upon the defeasance of all the Town Bonds, Developer Bonds, and Saxony Bonds and the satisfaction of any obligation to reimburse the Developer for payments made under the Taxpayer Agreement.

  • To the extent that a deposit is required to the Developer Bonds Revenues Account and the Saxony Bonds Revenues Account from the same source, the deposit to the Developer Bonds Revenues Account shall be made first, and then to the extent possible, the deposit to the Saxony Bonds Revenues Account shall be made.

  • The parties acknowledge that as of the date of this Revenue Deposit Agreement all proceeds of the Developer Bonds deposited in the Exit 10 Construction Account have been expended.

  • On each January 1 and July 1, the RDC shall deposit an amount of Saxony Revenues into the Developer Bonds Reserve Fund until the balance therein equals but does not exceed the least of (i) the maximum annual debt service on the Developer Bonds, (ii) 125% of average annual debt service on the Developer Bonds, or (iii) 10% of the proceeds of the Developer Bonds (the “Developer Bonds Reserve Requirement”).

  • Any moneys in the Developer Bonds Reserve Fund in excess of the Developer Bonds Reserve Requirement shall be transferred to the General Account of the Saxony Tax Increment Revenue Fund.

  • The Developer Bonds Reserve Fund shall constitute a margin for safety and a protection against default in the payment of principal of and interest on outstanding Developer Bonds, and the moneys in the Developer Bonds Reserve Fund shall be used to pay current principal and interest on outstanding Developer Bonds pursuant to Section 5(b) hereof.

  • On each January 1 and July 1, the RDC shall deposit an amount of Saxony Revenues into the Developer Bonds Reserve Account until the balance therein equals but does not exceed the least of (i) the maximum annual debt service on the Developer Bonds, (ii) 125% of average annual debt service on the Developer Bonds, or (iii) 10% of the proceeds of the Developer Bonds (the “Developer Bonds Reserve Requirement”).

  • To the extent that a deposit is required to be made to the Developer Bonds Reserve Account and the Saxony Bonds Reserve Fund from the same source, the deposit to the Developer Bonds Reserve Account shall be made first, and then to the extent possible, the deposit to the Saxony Bonds Reserve Fund shall be made.

  • The amount of the Developer Bonds Reserve Requirement on the date hereof is $285,075.00, and has been fully funded through the deposit of a municipal bond debt service reserve insurance policy issued by Build America Mutual Assurance Company, purchased with a portion of the proceeds of the Developer Bonds.

  • On the date of issuance of the Developer Bonds, a portion of the proceeds of the Developer Bonds in the amount of $617,046.16 shall be deposited in the Developer Bonds Revenues Subaccount and used to pay principal and interest on the Developer Bonds.


More Definitions of Developer Bonds

Developer Bonds means the Town of Fishers, Indiana Redevelopment District Bonds, Series 2009 B (Exit 10 Infrastructure Project), issued pursuant to the Exit 10 Resolution, dated as of December 23, 2009 and in the original aggregate principal amount of $3,380,000, or any series of bonds issued by the City or the District to refund such bonds.
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Developer Bonds means the City of Greenwood Economic Development Revenue Bonds of 2021 (523 South Madison Project), to be issued in one or more series, in an amount of not to exceed $12,869,000, the proceeds of which will be utilized by 523 Madison GP, LLC, or an affiliate thereof, to provide for a portion of the costs of constructing and equipping a mixed-use development consisting of (a) multifamily rental housing (apartments), (b) for sale housing (condominiums and townhomes), (c) commercial space (office, restaurants, and retail), and (d) parking, including the construction of any required roadways, utilities and other infrastructure connected therewith, on the 523 South Madison Parcels. The Developer Bonds shall not constitute Parity Obligations and the Developer Bonds shall not be payable from the Tax Increment.
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Related to Developer Bonds

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

  • Transition bonds means bonds, notes, certificates of

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

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

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

  • School Bonds means School Obligations issued as Bonds.

  • 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.

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

  • 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.

  • Existing Bonds means the following obligations of Seller:

  • 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.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B 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.

  • Corporate Bonds means a debt obligation of a United States-chartered corporation with a maturity date greater than 270 days, which may be interest-bearing or discount-purchased.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

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

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

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

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

  • Refunded Bonds means the portion of the $2,348,000 of the Series B Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 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.

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

  • 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.

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • 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.

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

  • Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.