Phase 1 Bonds definition

Phase 1 Bonds means the not to exceed $6,300,000 general obligation bonds or notes, with net proceeds of or about $6,000,000, which may be issued by the Township, subject to, among other things, to Satisfactory Resolution of the Pending Litigation, to finance certain costs of the Phase 1 Infrastructure Improvements, environmental remediation, public parking improvements, and the costs of issuance of the bonds, subject to the terms and conditions set forth at Section 13.2 hereof.
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Examples of Phase 1 Bonds in a sentence

  • As a necessary but not sufficient condition to the issuance of the Phase 1 Bonds, Redeveloper shall enter into a special assessment agreement with the Township in substantially the form attached hereto as Exhibit I, as further described at Section 13.2 hereof.

  • Subject to the Pending Litigation, failure of the Township to issue the Phase 1 Bonds in accordance with the terms hereof shall constitute an Event of Default hereunder.

  • The Phase 1 Bonds, as further described in and subject to the conditions set forth in Article XIII hereof, will in part provide proceeds for a portion of the cost of construction of the Phase 1 Infrastructure Improvements, on terms and conditions as more particularly set forth in the Phase 1 Infrastructure Construction Agreement and Section 13.2 hereof.

  • As a necessary but not sufficient condition to the issuance of any Phase 1 Bonds, Redeveloper shall execute all of the agreements set forth at this Section 4.1(a).

  • Subject to the Satisfactory Resolution of the Pending Litigation, the Township agrees to pursue the issuance of the Phase 1 Bonds in good faith, provided however, the Redeveloper acknowledges that market conditions may adversely impact the Township’s ability to issue the Phase 1 Bonds within the parameters set forth in Section 13.2 above.

  • The Parties hereto each hereby expressly acknowledge, represent, understand and agree that the Redeveloper would not undertake the Phase 1 Project but for the tax exemption that is the subject of the Phase 1 Financial Agreement attached hereto as Exhibit C, the Assignment, Assumption and Amendment thereof attached hereto as Exhibit H, and Township’s commitment, as specified in Sections 13.2 and 13.3 above, to undertake the issuance of the Phase 1 Bonds or the Funding Alternative as set forth therein.

  • The Phase #1 Refunding and Improvement Bonds were issued to refund the 2014 Phase #1 Bonds and refinance the Phase #1 Reimbursement Agreement and are secured by the Phase #1 Assessments.

  • The Phase #1 Bonds and Phases #2-5 Bonds were issued to finance, refinance, provide or otherwise assist in the acquisition, construction and maintenance of the public improvements provided for the benefit of the property in the PID.

  • If not paid in full, the Assessment shall be payable in thirty Annual Installments of principal and interest beginning with the tax year following the issuance of the Phase #1 Bonds, of which twenty-eight (28) Annual Installments remain outstanding.

  • Pursuant to the Service and Assessment Plan, each Assessment shall bear interest at the rate on the Phase #1 Bonds commencing with the issuance of the Bonds.

Related to Phase 1 Bonds

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Existing Bonds means the following obligations of Seller:

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Transition bonds means bonds, notes, certificates of

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Series A Equipment Notes means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • School Bonds means School Obligations issued as Bonds.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Refunded Bonds means the portion of the $280,000 of the Series J Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2.

  • Option Bonds means Current Interest Bonds, which may be either Serial or Term Bonds, which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Series AA Equipment Notes means Equipment Notes issued and designated as “Series AA Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series AA Equipment Notes” and bearing interest at the Debt Rate for Series AA Equipment Notes specified in Schedule I to the Indenture.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • 2022 Notes means the 6.25% Senior Notes due 2022 issued by the MLP and Finance.