Examples of Indenture of Trust in a sentence
If the Advance Request complies with the provisions of Section 5.09(c) of the Indenture of Trust and the additional documentation proves up the eligibility of the Life, Health, and Safety Projects and Borrower’s ability to make an Advance Request, then within 8 Business Days of the Lender’s receipt of an Advance Request and any such necessary information or documentation, Lender shall disburse such funds in the Advance Request in accordance with Section 5.09(c) of the Indenture of Trust.
The Bonds were authorized by an ordinance enacted by the City Council of the City (the “City Council”) on May 15, 2024 (the “Bond Ordinance”) and shall be issued pursuant to the provisions of the Public Improvement District Assessment Act, Subchapter A of Chapter 372, Texas Local Government Code, as amended (the “Act”), and the Indenture of Trust, dated as of May 15, 2024, between the City and the Trustee (the “Indenture”).
The proceeds will not be used for any other purpose, including the repayment or reimbursement of costs associated with (i) any Fire, Life and Safety Projects undertaken prior to the start of the Expansion Period or (ii) previously paid from other funds of the Borrower, including amounts held under the Indenture of Trust.
Subject to the provisions of Section 4.1.10 of this Agreement, Advances may be used only for the purpose of paying Life, Health, and Safety Projects undertaken (i) after the start of the Expansion Period and (ii) pursuant to the terms of the Indenture of Trust and this Agreement.
Execution of the Third Amendment to Amended and Restated Indenture of Trust (City Loan Agreement), dated [ ], 2023 (the Third Amendment) in a form that is satisfactory to the Lender.