Examples of Expenditure Agreement in a sentence
The Issuer has no taxing power with respect to the Expenditure Agreement.
If fewer than all of the Expenditure Agreement within a maturity are to be redeemed, the Trustee shall apply moneys available for redemption on a pro rata basis, based on the respective portion of the principal amount of Expenditure Agreement held by the respective owners of the Expenditure Agreement within such maturity that shall be redeemed.
The Trustee shall authenticate the Expenditure Agreement and deliver it to the purchasers thereof upon receipt of a copy, duly certified by the Clerk of the Issuer, of the Ordinance authorizing the execution and delivery of the Financing Agreement and this Indenture and the issuance of the Expenditure Agreement, and delivery of the following.
DEFAULTS AND REMEDIES 25 Section 7.1. Events of Default 25 Section 7.2. Remedies: Rights of Expenditure Agreement Owners 25 Section 7.3. Right of Expenditure Agreement Owners to Direct Proceedings 26 Section 7.4. Application of Moneys 26 Section 7.5. Remedies Vested In Trustee 27 Section 7.6. Rights and Remedies of Expenditure Agreement Owners 27 Section 7.7. Termination of Proceedings 27 Section 7.8. Waivers of Events of Default 28 ARTICLE VIII.
The principal of the Expenditure Agreement shall be payable at the principal corporate trust office of the Trustee.
Board of Supervisors Health Services Agency (Department) County Administrative Office Auditor Controller BY: (Signature) (Date) opriationslrevenues are available AGREEMENT TYPE (Check One) Expenditure Agreement Revenue Agreement The Board of Supervisors is hereby requested to approve the attached agreement and authorize the execution of same.
The Expenditure Agreement does not and shall not represent or constitute a debt of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof within the meaning of the provisions of the constitution or statutes of the State of Indiana or a pledge of the faith and credit of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof.
The Trustee shall call for redemption in accordance with the foregoing provisions as many Expenditure Agreement or portions thereof as will, as nearly as practicable; exhaust the moneys available therefor.
The execution by the Issuer of any fully registered Expenditure Agreement without coupons of any denomination shall constitute full and due authorization of such denomination, and the Trustee shall thereby be authorized to authenticate and deliver such registered Expenditure Agreement.
The Expenditure Agreement herein authorized and all payments to be made by the Issuer hereunder are not general obligations of the Issuer but are limited obligations payable solely from the TIF Revenues pledged and assigned for their payment in accordance with the Indenture.