Series 2014 Note definition
Examples of Series 2014 Note in a sentence
The lien granted hereunder on the PILOT Payments is a valid and enforceable lien securing the payment of the Series 2014 Note and the Payment Obligations.
The payment of principal of and interest on the Series 2014 Note is not subject to appropriation.
The Series 2014 Note will bear interest at the Bank Interest Rate as established in accordance with the terms hereof.
In accordance with the MSA, the Concessionaire shall deliver to the Trustee, or cause to be delivered to the Trustee, as Series 2014 Loan Payments, the moneys needed to redeem the Series 2014 Bonds in accordance with the redemption provisions relating thereto as set forth in Article IV of the Indenture, and also any amounts required to be provided in prepayment of the Series 2014 Loan and the Series 2014 Note and as required by Sections 5.01 and 5.02 hereof.
As provided therein, the entire unpaid principal balance of each Series 2014 Note shall be due and payable on the Maturity Date thereof.
The Authority and the City hereby represent to the Developer that with the sale of the Authority’s Series 2014 Note, the City and/or the Authority have secured all funds necessary to complete their obligations with respect to the Project Costs Reimbursement Obligation described herein.
The Bank shall not make a public offering of the Series 2014 Note, and the District will not be responsible for the provision of any public disclosure with respect to the Series 2014 Note, or to any party other than the Bank.
Nothing herein, in the Series 2014 Note, in the Indenture, in the Series 2014 Bonds or the Security Documents shall constitute an indebtedness of the Issuer or a multiple-fiscal year obligation of the Issuer within the meaning of any provisions of the State Constitution or the laws of the State.
The obligations of the District to pay the Bank (i) the principal of and interest on the Series 2014 Note as set forth in this Section 2, plus (ii) the Facility Fee are collectively referred to as the “Payment Obligations”.
The City shall participate in the costs of the Project Site Improvements in an amount not to exceed $4,750,000.00 (said amount to be funded from proceeds of the Series 2014 Note).