Master Bond Resolution definition

Master Bond Resolution has the meaning set forth in the recitals hereof.

Master Bond Resolution means the Master (03-22-17) Bond Resolution Authorizing Amendment and Restatement of Master Bond Resolution adopted by the Board on March 22, 2017, relating to the issuance of Parity Bonds, constituting the amendment and restatement in full of the Prior Master Bond Resolution as defined therein, as the Master Bond Resolution may be heretofore amended and supplemented in accordance with its terms.

Master Bond Resolution means Resolution No. 6649 of SMUD, adopted on January 7, 1971, and amended and supplemented from time to time in accordance with the terms thereof.

Examples of Master Bond Resolution in a sentence

• Amounts drawn under a letter of credit that are not reimbursed by the Airport constitute “Repayment Obligations” under the 1991 Master Bond Resolution and are accorded the status of other outstanding bonds to the extent provided in the Resolution.

• A significant portion of the Airport’s net position is restricted by the 1991 Master Bond Resolution and 1997 Note Resolution (the “Master Bond Resolutions”) and the Lease and Use Agreement with the airlines for the purpose of capital improvements and contingencies.

• These resolutions also designated the on-Airport Hotel as a “Special Facility” under the 1991 Master Bond Resolution, which allows the hotel revenues to be segregated from the Airport’s other revenues and used to pay hotel operating expenses and debt service on the Hotel Special Facility Bonds through the Hotel Special Facility Bond trustee.

• The 1991 Master Bond Resolution constitutes a contract between the Commission and the registered owners of the bonds under which the Commission has irrevocably pledged the Net Revenues of the Airport to the payment of the principal of and interest on the bonds.

• The payment of the principal of and interest on all previously issued bonds under the 1991 Master Bond Resolution is secured by a pledge of, lien on and security interest in Net Revenues on a parity with the pledge, lien and security interest securing any additional bonds issued thereunder.

More Definitions of Master Bond Resolution

Master Bond Resolution means, collectively, (a) the Original Bond Resolution, as supplemented and amended from time to time by various supplemental resolutions, including this Eighteenth Supplemental Bond Resolution, and (b) Resolution No. 99-D-010 adopted by the Commission on March 3, 1999, and Resolution No. 01-R-005 adopted by the Commission on January 3, 2001, pledging the depreciable personal property tax increment from the designated taxpayer in the Harding Street Project Allocation Area to the Allocation Fund (as defined in the Master Bond Resolution), as each of the same may be supplemented or amended from time to time.

Master Bond Resolution means this Amended and Restated Master Bond Resolution as amended and supplemented from time to time.

Master Bond Resolution means the Issuer’s Resolution No. 92-3 adopted on October 20, 1992 by the Board of Directors, as amended and supplemented from time to time.

Master Bond Resolution means Resolution (06-28-23) Authorizing Amendment and Restatement of Master Bond Resolution, adopted by the Board on June 28, 2023, as may be amended and restated from time to time in accordance with its terms.

Master Bond Resolution means this Master Bond Resolution, constituting the amendment and restatement in full of the Prior Master Bond Resolution as described in Section hereof.

Master Bond Resolution shall have the meaning assigned to that term in the recitals to this Contract.

Master Bond Resolution means, collectively, (a) the Original Resolution, as supplemented and amended by (i) the First Supplemental Resolution, (ii) the Second Supplemental Resolution, (iii) the Third Supplemental Resolution, (iv) the Fourth Supplemental Resolution, (v) the Fifth Supplemental Resolution, (vi) the Sixth Supplemental Resolution, (vii) the Seventh Supplemental Resolution, (viii) the Eighth Supplemental Resolution, (ix) the Ninth Supplemental Resolution, (x) the Tenth Supplemental Resolution, (xi) the Eleventh Supplemental Resolution,