General Bond Order definition
Examples of General Bond Order in a sentence
The Company shall receive a credit against the rent payment due in the month of February of each year to the extent and in the manner provided in the General Bond Order and the Series Bond Order.
Pursuant to ORC Chapter 154, Article VIII Section 2i of the Ohio Constitution, and pursuant to a General Bond Order issued by the Ohio Treasurer of State (Treasurer) on August 31, 2005, bonds (Facility Bonds) were issued for the purpose of providing grant moneys to pay the costs of acquiring, constructing, reconstructing, rehabilitating, renovating, enlarging and otherwise improving, equipping and furnishing capital facilities, which are Ohio cultural facilities, as defined in ORC Section 123.28(J).
If moneys are transferred from the Primary Reserve Account or the Collateral Proceeds Account to the Debt Service Account pursuant to the provisions of Section 14 of the General Bond Order, and if no Event of Default is then existing, the Company shall receive a credit against rental payments payable hereunder, in inverse order of their maturity, in an amount equal to the amount so transferred.
This Order is issued pursuant to the General Bond Order, the Trust Agreement and the Act.
Pursuant to Section 14 of the General Bond Order, the Trustee shall, under the circumstances described in said Section 14, transfer moneys from the Primary Reserve Account to the Debt Service Account, in order to obtain moneys to make such transfer.
Pursuant to Section 14 of the General Bond Order, the Trustee shall, under the circumstances described in said Section 14, transfer moneys from the Primary Reserve Account to the Debt Service Account, and the Trustee shall draw on any Primary Reserve Letter of Credit, if necessary, to obtain moneys to make such transfer.
Moneys in the Collateral Proceeds Account shall be invested and disbursed in accordance with the provisions of the Financing Agreement and the General Bond Order.
The Bonds shall be subject to redemption as set forth in the General Bond Order and the Supplement.
In accordance with Section 16 of the General Bond Order, there is hereby created as a separate deposit account in the custody of the Trustee the series 1991-10 Project Fund (the "Project Fund").
In accordance with the provisions of the General Bond Order and the Series Bond Order, the Trustee shall transfer moneys from the Primary Reserve Account to the Debt Service Account (and shall draw on the Reserve Letter of Credit, if necessary in order to obtain such moneys) if (a) the Company shall have failed to make a loan payment required by the first paragraph of Section 4.2 hereof, and (b) the balance in the Collateral Proceeds Account is insufficient to provide funds for such transfer.