Pollution Control Corporation definition
Examples of Pollution Control Corporation in a sentence
Any new Trustee so appointed by the Pollution Control Corporation shall immediately and without further act be superseded by a Trustee appointed by the Owners of the Bonds in the manner above provided.
Pending the preparation of definitive Bonds, the Pollution Control Corporation may execute and the Trustee shall authenticate and deliver temporary Bonds.
In the event that at any time the Pollution Control Corporation or the Company is of the opinion that for purposes of this Section 6.04(b) it is necessary to restrict or limit the yield on the investment of any moneys held by the Trustee under the Indenture, the Pollution Control Corporation or the Company shall so notify the Trustee in writing.
The obligation of the Pollution Control Corporation to cause any such deposit to be made hereunder shall be reduced by the amount of moneys in the Bond Fund available on such redemption date for payment of the principal of and premium, if any, and accrued interest on the Bonds to be redeemed.
The Pollution Control Corporation shall cooperate fully with the Company in any such contest.
The Trustee covenants and agrees not to employ as an employee, agent or, with respect to the subject matter of this Indenture, a consultant, any person actually known by the Trustee to be significantly involved in initiating, negotiating, securing, drafting or creating such Indenture on behalf of the Pollution Control Corporation within three (3) years from the execution hereof, unless a waiver is provided by the Pollution Control Corporation.
The Pollution Control Corporation represents that it is duly authorized under the Constitution and laws of the State of Arizona to issue the Bonds authorized hereby, to enter into the Loan Agreement and this Indenture, and to pledge and assign to the Trustee the Trust Estate, and that the Bonds in the hands of the Owners thereof are and will be valid and binding limited obligations of the Pollution Control Corporation.
The obligation of the Pollution Control Corporation to cause any such deposit to be made hereunder shall be reduced by the amount of moneys in the Bond Fund available on the maturity date for the payment of the principal of the Bonds.
For the redemption of any of the Bonds, the Pollution Control Corporation shall cause to be deposited in the Bond Fund, on the redemption date, solely out of the Receipts and Revenues of the Pollution Control Corporation from the Loan Agreement, an amount sufficient to pay the principal of and premium, if any, and interest to become due on such redemption date.
The Pollution Control Corporation shall have the right, upon appropriate prior notice to the Company, to have reasonable access to the Facilities during normal business hours for the purpose of making examinations and inspections of the same.