District Obligations definition

District Obligations means bonds, notes, or other evidence of obligation including interest coupons pertaining thereto, issued to finance a qualified project by a transportation improvement district created pursuant to section 5540.02 of the Revised Code, of which the principal, including mandatory sinking fund requirements for retirement of such obligations, and interest and redemption premium, if any, are payable by the department of transportation.

District Obligations means any District Bonds, District Notes or other obligations issued by or on behalf of the District to reimburse Reimbursable Project Costs.

District Obligations means the notes, bonds, or other contractual obligations that the District may incur from time to time pursuant to Article III hereof and includes, without limitation, Development Financing Agreements.

Examples of District Obligations in a sentence

• The District has the authority to enter into District Obligations with Developers and enter into contracts with consultants and others to be paid from TIRZ Revenue pursuant to this Agreement, and further, the District may issue TIRZ Revenue Bonds; provided that nothing in this Agreement shall be construed to authorize the District to expend any of the TIRZ Revenue received pursuant to this Agreement for any costs other than Project Costs.

• The City agrees not to dissolve the District or the Zone unless it makes satisfactory arrangements to provide for the payments of the District’s TIRZ Revenue Bonds or other District Obligations incurred prior to the District’s dissolution.

• Subject to the provisions of this Article, the District shall have the power from time to time to issue and incur District Obligations and enter into contracts with consultants upon such terms and conditions as the District Board shall determine to be necessary or desirable to implement the TIRZ Plan.

• The District Obligations may be in the form of a Development Financing Agreement with the Developer who agrees to construct improvements or other facilities included in the TIRZ Plan in exchange for the obligation of the District to repay the Developer for such costs from Bond proceeds and future payments made by the City and the Zone to the District pursuant to this Agreement.

• In addition, the City covenants and agrees that it will not dissolve the District and that any repeal of the right and power to collect the Tax Increments will not be effective until all the TIRZ Revenue Bonds or other District Obligations have been paid in full or until they are legally defeased; provided, however, that no TIRZ Revenue Bonds, shall be issued with a maturity date later than December 31, 2052 .

More Definitions of District Obligations

District Obligations means the Bonds and the Subordinate

District Obligations means, without limitation, (i) all outstanding Bonds of the District,

District Obligations means, collectively, (a) the Series 2021 Bonds and (b) any bonds issued to refund all or any portion of the Series 2021 Bonds.][Discuss Additional Bonds]

District Obligations means the contractual obligations, other than TIRZ Revenue Bonds, that the District may incur from time to time, including Financing Agreements.

District Obligations means any District Bonds, District Notes or other obligations issued by or on behalf of the District to finance or refinance Reimbursable Project Costs.

District Obligations means notes, bonds or other obligations issued by or on behalf of the District to finance District Project Costs.

District Obligations means bonds, notes, or other evidence of obligation including interest coupons pertaining thereto, issued to finance a qualified project by a transportation improvement district created pursuant to section