Examples of Noteholder in a sentence
As soon as practicable after any payment of Indemnified Taxes or Miscellaneous Taxes by the County to a Governmental Authority, the County shall deliver to the Purchaser or such other Noteholder, as applicable, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Purchaser or such Noteholder, as applicable.
Failure or delay on the part of the Purchaser or any such Noteholder to demand compensation pursuant to this Section shall not constitute a waiver of the Purchaser’s or any such Noteholder’s right to demand such compensation.
The County shall take no action inconsistent with the rights of the Purchaser or any Noteholder under this Agreement, the Notes or the other Financing Documents including, without limitation, its obligations to make payments to the Purchaser and the Noteholders hereunder and under the Notes.
The County shall not take any action or omit to take any action that, if taken or omitted, would adversely affect the excludability of interest on any Tax-Exempt Notes from the gross income of the Noteholders or any former Noteholder for purposes of federal income taxation.
The County shall make annual appropriations at levels required under the Trust Agreement in order to pay the principal of and interest on the Notes and to pay all Obligations owing to any Noteholder hereunder or under the other Financing Documents when due.