Examples of Investor Bonds in a sentence
Such limitation shall continue into effect until such payments are made on the Investor Bonds and Lender Bonds in full.
Notwithstanding any other provision of this Ordinance to the contrary, the Owners of Lender Bonds covenant and agree that, upon the issuance of or designation of Bonds as Investor Bonds, the lien and security for the payment of principal of and interest on Investor Bonds shall for all purposes of this Ordinance be superior to and constitute a priority with respect to all other payments on Lender Bonds with respect to the use of Revenues.
Such limitation shall continue into effect until such payments are made on the Investor Bonds in full.
No payment of principal or interest, or any payment related to redemption under Section 4.1, will be made on Bonds other than Investor Bonds from the Revenues upon the occurrence and continuance of the Finance Director being unable to make the deposits required by Section 7.2(a) of this Ordinance into the Debt Service Account established for Investor Bonds sufficient to make payments on the Investor Bonds on the next Interest Payment Date.
If the Bonds Outstanding are all Redeveloper Bonds, are all Lender Bonds or are all Investor Bonds, to the extent that moneys on deposit in the Special Fund are not sufficient to fund Debt Service for each Outstanding series of Bonds on the next Interest Payment Date such moneys will be applied on a proportionate basis to each series Debt Service Account based upon the outstanding principal amounts of each series of Bonds.
Such limitation shall continue into effect until such payments are made on the Investor Bonds, Lender Bonds and Redeveloper Bonds in full.
Notwithstanding any other provision of this Ordinance to the contrary, the Owners of City Bonds covenant and agree that, upon the issuance of designation of Bonds as Redeveloper Bonds, Investor Bonds or Lender Bonds, the lien and security for the payment of principal of and interest on Redeveloper Bonds, Investor Bonds and Lender Bonds shall for all purposes of this Ordinance be superior to and constitute a priority with respect to all other payments on City Bonds with respect to the use of Revenues.
If any Investor Bonds are outstanding, no Bond may be designated and issued as an Investor Bond without the written consent of the Owners of all Investor Bonds then Outstanding.
Notwithstanding any other provision of this Ordinance to the contrary, the Owners of Redeveloper Bonds covenant and agree that, upon the issuance of designation of Bonds as Investor Bonds or Lender Bonds, the lien and security for the payment of principal of and interest on Investor Bonds and Lender Bonds shall for all purposes of this Ordinance be superior to and constitute a priority with respect to all other payments on Redeveloper Bonds with respect to the use of Revenues.
No payment of principal or interest, or any payment related to redemption under Section 4.1, will be made on Bonds other than Investor Bonds or Lender Bonds from the Revenues upon the occurrence and continuance of the Finance Director being unable to make the deposits required by Section 7.2 of this Ordinance into the Debt Service Account established for Investor Bonds or Lender Bonds sufficient to make payments on the Investor Bonds and Lender Bonds on the next Interest Payment Date.