Examples of Issuing Documents in a sentence
Payments required to replenish debt service reserve funds, if any, established for any Subordinate Debt shall be made in accordance with the terms of the Subordinate Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
Payments required to replenish debt service reserve funds, if any, established for any Senior Debt shall be made in accordance with the terms of the Senior Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
Payments of the Payment Obligations and principal of and interest on Subordinate Debt and all other payments with respect to the Payment Obligations or the Subordinate Debt shall be paid in accordance with the terms hereof and the Subordinate Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
In order to carry out and effectuate the pledge and lien contained in the Net Revenue Debt Issuing Documents, the Agency agrees and covenants to pay all Operation and Maintenance Costs of the Wastewater System (including amounts reasonably required to be set aside in contingency reserves for Operation and Maintenance Costs of the Wastewater System, the payment of which is not then immediately required) from the General Fund as they become due and payable.
Payments of principal of and interest on Senior Debt and all other payments with respect to Senior Debt shall be paid in accordance with the terms of the Senior Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
If the proceeds received by reason of any such loss shall exceed the costs of such repair, reconstruction or replacement, the excess shall be applied to the redemption or prepayment of the Senior Debt on a pro rata basis in the manner provided in the Senior Debt Issuing Documents and then to pay the Payment Obligations and the other Subordinate Debt on a pro rata basis in the manner provided herein and in the Subordinate Debt Issuing Documents.
If the foregoing conditions are not met, then such Net Proceeds shall be applied to pay the Senior Debt on a pro rata basis in the manner provided in the Senior Debt Issuing Documents and then to pay the Payment Obligations and the other Subordinate Debt on a pro rata basis in the manner provided herein and in the Subordinate Debt Issuing Documents.
Although all Subordinate Debt are secured equally and ratably by a subordinate lien on applicable Net Revenues, moneys with respect to obligations other than the Payment Obligations may be held by trustees or fiscal agents under Net Revenue Debt Issuing Documents.
In the event of any conflict between the terms hereof and the terms of any Issuer Document (including any Issuing Documents relating to the Existing Letters of Credit), the terms hereof shall control.
It is not necessary for the Bid Opening Office to be the same as the Office for Viewing Documents, Issuing Documents or Bidding.