Examples of Second Supplemental Trust Agreement in a sentence
These bonds are payable from the revenues, receipts, and other moneys assigned under a Master Trust Agreement dated June 1, 2004 between the Authority and U.S. Bank National Association as Trustee (the “Trustee”), as supplemented by the First Supplemental Trust Agreement dated June 1, 2004 and the Second Supplemental Trust Agreement dated October 1, 2005 (together, the “Trust Agreement”).
The Series 2020A Bonds issued under this Second Supplemental Trust Agreement and the Master Trust Agreement shall not be deemed to constitute a debt or pledge of the faith and credit of the State or of any political subdivision thereof, including IDA and the County.
IDA also hereby covenants that it shall, through an IDA Representative, request the County, annually for each fiscal year following the issuance of the Series 2020A Bonds, to budget, appropriate and apply as provided in the Payment Agreement, this Second Supplemental Trust Agreement and the Master Trust Agreement an amount equal to the estimated Additional Payments (as defined in the Payment Agreement) payable by the County under the Payment Agreement in such fiscal year.
Such notice shall briefly set forth the nature of the proposed supplement or amendment to this Second Supplemental Trust Agreement and shall state that copies thereof are on file at the principal corporate trust office of the Trustee for inspection by all Holders.
If at any time IDA shall determine that it is desirable to enter any supplement or amendment to this Second Supplemental Trust Agreement for any of the purposes of this Section, IDA shall cause notice of the proposed execution of such supplement or amendment to be mailed, first class, postage prepaid, to all Holders.