Examples of Master Ordinance in a sentence
The Issuer shall not issue any Prior Lien Obligations in violation of Section 8 of the Master Ordinance.
The Issuer will not issue any additional Debt except in accordance with the Ordinance and the Master Ordinance.
The Notes are issued as Direct Purchase Notes under the Ordinance and, pursuant to the Ordinance and the Master Ordinance, the principal of and interest on the Notes are payable from and secured by a lien on and pledge of the Pledged Revenues, subordinate solely to the lien on and pledge of the Pledged Revenues securing the Prior Lien Obligations and otherwise subject to the terms and conditions of the Master Ordinance and the Ordinance.
The Issuer either self-insures or currently maintains insurance coverage with insurance companies believed by it to be capable of performing its obligations under the respective insurance policies issued by such insurance companies to the Issuer (as determined in its reasonable discretion) and in full compliance with Section 4(j) of the Master Ordinance.
The Issuer will not take or omit to take any action that will in any way cause the proceeds from the sale of the Notes and other money of the Issuer to be transferred on the date of issuance of the Notes, to be applied, or result in such proceeds and other money being applied in a manner other than as provided in or permitted by the Ordinance, the Master Ordinance, the Issuer’s home rule charter and the Act.