Examples of Series 2017 Note in a sentence
Nothing herein, in the Series 2017 Note, in the Indenture, in the Series 2017 Bonds, in the Financing Documents or in 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.
In accordance with the Collateral Agency Agreement, the Borrower shall deliver to the Trustee, or cause to be delivered to the Trustee, as Series 2017 Loan Payments, the moneys needed to redeem the Series 2017 Bonds in accordance with the redemption provisions relating thereto as set forth in Article IV of the Indenture, and any amounts required to be provided in prepayment of the Series 2017 Loan and the Series 2017 Note as required by Sections 5.01 and 5.02 hereof.
Additionally, the Borrower hereby covenants and agrees to prepay the Series 2017 Loan and the Series 2017 Note in accordance with the provisions of Sections 5.01 and 5.02 hereof.
The Issuer hereby directs the Borrower and the Borrower hereby agrees to pay or direct the Collateral Agent to pay to the Trustee, in accordance with the provisions of the Collateral Agency Agreement, all payments payable by the Borrower in respect of the Series 2017 Loan and the Series 2017 Note pursuant to this subsection.
The Series 2017 Note is a special and limited obligation secured by and payable as to principal and interest from the Pledged Funds.
Upon an Event of Default [under Section 5.01(a),] the Interest Rate on the Series 2017 Note shall be increased to the Default Rate.
Pursuant to the terms and provisions of this Agreement, the Bank agrees to provide a term loan to the Agency as evidenced hereby and by the Series 2017 Note for the purpose of financing costs of the Project and to pay costs relating to the issuance of the Series 2017 Note.
The Agency shall pay the principal of and interest on and other payment obligations with respect to the Series 2017 Note and any other outstanding Agency Obligations prior to paying any other obligations of the Agency.
The Agency covenants that it shall duly and punctually pay from the Pledged Funds the principal of and interest on the Series 2017 Note at the dates and place and in the manner provided herein and in the Series 2017 Note according to the true intent and meaning thereof and all other amounts due under this Agreement.
Once the Debt Service Fund is fully funded in an amount equal to the principal and interest on and other payment obligations with respect to the Series 2017 Note and all other outstanding Agency Obligations for the current Fiscal Year, it may use the remaining Increment Tax Revenues for any lawful purpose.