Examples of Purchase Proposal in a sentence
The Designated Officers are authorized and directed to sign such Purchase Proposal, return it to the Purchaser and file a copy of the same with the records of the Local Government Unit.
Upon satisfaction of the foregoing condition, and all other conditions of this Debt Ordinance, the Bonds shall be awarded and sold at private sale by negotiation to the Purchaser at the Purchase Price, in accordance with all the terms of the Purchase Proposal which, once accepted, will be incorporated by reference into this Debt Ordinance.
After due consideration of sundry factors, including professional assistance, the Governing Body hereby: (a) determines that a private sale by negotiation of the Bonds is in the best financial interest of the Local Government Unit; and (b) authorizes the Bonds to be awarded and sold pursuant to the terms of the Purchase Proposal.
In accordance with the County Bond Law, the Bond Act and with this Ordinance, the Chief Financial Officer or the City Manager is authorized to accept the Purchase Proposal for the Bonds submitted by the Purchaser by executing the Certificate of the Chief Financial Officer.
The Local Government Unit hereby covenants to provide a final Official Statement to the Purchaser within seven business days of the execution of the Purchase Proposal, or such other time as may be necessary to comply with the Rule.