Examples of Series 2015 Notes in a sentence
In order to provide a clear picture of the program design, program activities/services, anticipated outcomes and the proposer’s capability to deliver the services, address each of the following areas in order.
The officers of the City, bond counsel, other attorneys, and other agents or employees of the City are hereby authorized to do all acts and things required of them by or in connection with this resolution, the aforementioned documents, and the Series 2015 Notes, for the full, punctual, and complete performance of all the terms, covenants, and agreements contained in the Series 2015 Notes, the aforementioned documents, and this resolution.
The Series 2015 Notes shall be special, limited obligations of the City payable solely from the revenues provided by the Borrower pursuant to the terms of the Loan Agreement, and any other security documents provided by the Borrower to the Lender.
In making the agreements, provisions, covenants, and representations set forth in such documents, the City has not obligated itself to pay or remit any funds or revenues, other than funds and revenues derived from the Loan Agreement which are to be applied to the payment of the Series 2015 Notes, as provided therein.
The Borrower has represented to the City that no official statement or other disclosure document has been or will be prepared relating to the offer and sale of the Series 2015 Notes.
It is understood and agreed that the Borrower shall indemnify the City against all liabilities, losses, damages, costs, and expenses (including attorney’s fees and expenses incurred by the City) arising with respect to the Project or the issuance of the Series 2015 Notes, as provided for and agreed to by and between the Borrower and the City in the Loan Agreement.
There being no comments or questions, a motion to approve the amendments to the Series 2015 Notes, the authorizing resolution and SEQRA determination attached hereto as Exhibit H for the benefit of St. Ann's School was made, seconded and approved, with Mr.Piverger abstaining from the vote.
The Series 2015 Notes are hereby authorized to be issued as tax-exempt bonds the interest on which is not includable in gross income for federal and State of Minnesota income tax purposes.
The Borrower has agreed and it is hereby determined that any and all costs incurred by the City in connection with the Project and the issuance of the Series 2015 Notes will be paid by the Borrower.
No holder of the Series 2015 Notes shall ever have the right to compel any exercise by the City of any taxing powers of the City to pay the Series 2015 Notes or the interest or premium thereon, or to enforce payment thereof against any property of the City except the interests of the City in the Loan Agreement and the revenues and assets thereunder, which will be assigned to the Lender by the Assignment.