Examples of Project Bonds in a sentence
For the purpose of providing funds for paying all or part of the Cost of a Project, Bonds of a Series, without limitation as to aggregate principal amount, may be issued under this Master Indenture subject to the conditions hereinafter provided in Section 207 of this Article.
Special Project Bonds are secured by a mortgage on the financed properties.
The aggregate principal amount of the Project Bonds and the aggregate principal amount of Refunding Bonds shall be determined by the Executive Director, pursuant to the authority granted in Section 7 of this series resolution.
In the event of sale, the Authority will (i) deposit the proceeds into the Bond Funds pursuant to the Project Indentures as provided in Section 10.4 hereof for the payment of outstanding Project Bonds or (ii) apply the proceeds to the replacement of the property so disposed of by other property which shall be incorporated into the Project as hereinbefore provided.
The Authority will purchase from a company duly qualified to issue such insurance in the State, an American Land Title Association owner’s policy of title insurance, such policy to be at least in the amount of the principal amount of the Project Bonds at the time outstanding.