Examples of Pledge Resolution in a sentence
The Issuer represents and warrants that the TIF Pledge Resolution of the Redevelopment Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms.
The Redevelopment Commission has pledged the TIF Revenues and Taxpayer Payments to the payment of principal and interest on the Series 2024 Bonds pursuant to the Pledge Resolution.
On or before each January 15 and July 15 commencing with [July 15], 2025 (or on such other dates and in the manner required by the Pledge Resolution), the Director of Finance and Records of the Issuer, acting on behalf of the Redevelopment Commission, in accordance with the Pledge Resolution, shall transfer from the Issuer's allocation funds referenced in this Section to the Trustee, all TIF Revenues.
The Issuer represents and warrants that the TIF Pledge Resolution of the Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, to pledge the TIF Revenues and the Taxpayer Payments to repayment of the Bonds.
Pursuant to its Resolution No. ___, adopted on _________, 2020 (the “Pledge Resolution”), the Lebanon Redevelopment Commission (“Redevelopment Commission”), has irrevocably pledged to the payment of the Bonds the Pledged Tax Increment (as defined in the Pledge Resolution).