Issuance of Bonds. Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.
Issuance of Bonds. The Authority has concurrently with the execution and delivery hereof sold and delivered the Bonds under and pursuant to a resolution adopted by the Authority on June 18, 2003, authorizing their issuance under and pursuant to the Indenture. The proceeds of sale of the Bonds shall be applied as provided in Articles IV and V of the Indenture.
Issuance of Bonds. In order to refinance a portion of the cost of the Project by effecting the Refunding, the Issuer shall issue the Bonds under and in accordance with the Act and pursuant to the Indenture. The Company hereby approves the issuance of the Bonds and all terms and conditions thereof.
Issuance of Bonds. The City shall at all times maintain the ability to issue bonded indebtedness payable from Net Revenues in an amount at least equal to the sum of (i) the aggregate principal amount of the Commercial Paper Notes plus (ii) the aggregate amount of accrued interest to maturity on all Commercial Paper Notes, plus (iii) any Obligations payable to the Bank hereunder, including without limitation, under the Bank Note.
Issuance of Bonds. In order to provide funds to finance the acquisition, construction and installation of the Project, the Issuer, concurrently with the execution of this Loan Agreement, will sell, issue and deliver to the initial purchasers thereof the Bonds, all in accordance with the Indenture. The Issuer will thereupon cause the accrued interest, if any, received upon the delivery of the Bonds to be deposited in the Debt Service Fund and the balance of the proceeds received from the sale of the Bonds to be deposited in the Construction Fund.
Issuance of Bonds. Upon the execution and delivery of this Indenture, the Authority shall execute and deliver the Bonds in the principal amounts set forth in Section 2.1 hereof to the Trustee for authentication and delivery to the Original Purchaser thereof upon the Request of the Authority.
Issuance of Bonds. Agency shall issue a Bond in the form and principal amount and bearing interest and being subject to such terms and conditions as are specified on Exhibit D attached hereto. No Bond will be issued until the Developer has (a) acquired fee title to the Premises; and (b) entered into a contract for construction of the Project. The Agency shall have no obligation to find a lender or investor to acquire the Bond, but rather shall issue the Bond to or to the order of Developer upon payment of the principal amount thereof.
Issuance of Bonds. The Bonds shall be designated "Development Authority of DeKalb County Variable Rate Demand Industrial Development Revenue Bonds (Radiation Sterilizers, Incorporated Project), Series 1985", and shall bear interest payable on each Interest Payment Date. The interest rate on the Bonds shall be as provided for in the form of Bond contained in Section 206. The Bonds shall mature on March 1, 2005. Anything herein or in the Bonds to the contrary notwithstanding, the obligation of the Issuer hereunder shall be subject to the limitation that payments of interest to the holder of any Bond shall not be required to the extent that the receipt of any such payment by such holder would be contrary to the provisions of law applicable to such holder which limit the maximum rate of interest which may be charged or collected by such holder. The Bonds shall be issued initially as registered Bonds without coupons in the denomination of $50,000 each, or any integral multiple thereof, and, after the Conversion Date, in the denomination of $5,000 each, or any, integral multiple thereof. The Bonds shall be numbered consecutively from R-1 upwards (in order of the issuance) according to the records of the Bond Registrar. The Bonds are subject to redemption prior to maturity as provided in Section 301. Prior to the Conversion Date, the Bonds may be purchased prior to maturity as provided in Section 401. Principal of and redemption premium (if any) and interest on, the Bonds shall be payable in lawful money of the United States of America from funds available therefor under this Indenture, without deduction for services of any Paying Agent. Principal of, and redemption premium (if any) on, each Bond shall be paid to the holder thereof upon presentation and surrender of such Bond as it becomes due at the Principal Office of the Trustee or any other Paying Agent. Interest on each Bond shall be payable by check drawn upon the Paying Agent and mailed on each Interest Payment Date to the holder of such Bond as of the close of business on the Record Date next preceding the Interest Payment Date at the registered address of such holder as it shall appear as of the close of business on such Record Date on the registration books maintained pursuant to this Indenture notwithstanding the cancellation of any of such Bonds upon any exchange or transfer of registration thereof subsequent to the Record Date and prior to such Interest Payment Date, except that, if and to the extent that there shall b...
Issuance of Bonds. A. Each Bond Resolution of GBRA requires final approval by the WCID and shall specify the maximum principal amount and maximum interest rate of the series of Bonds to be issued thereunder, all material bond covenants and bond structure, which Bonds shall mature within forty (40) years from the date of issuance or such shorter period as determined by GBRA and shall bear interest not exceeding the maximum allowable rates, all as permitted by law, and each Bond Resolution shall contain such other terms and provisions pertaining to the security and payment of Bonds and the operation and maintenance of the Dam Facilities and other Project components as may be necessary for the marketing and sale of the Bonds. Subject to approval by the WCID, GBRA may from time to time issue its Bonds in such amounts as are necessary to achieve full implementation of the Project.
Issuance of Bonds. The City hereby authorizes Minnesota Housing to issue, on behalf of the City, qualified mortgage bonds, as that term is used in the Code, in an amount equal to the Commitment Amount, and Minnesota Housing agrees to issue those bonds if and when federal law authorizes and Minnesota Housing deems it is economically feasible to do so. (THE REMAINING PORTION OF THIS PAGE IS INTENTIONALLY LEFT BLANK)
