Examples of Series 2023 Bond in a sentence
The Borrower is authorized to charge just and equitable rates, charges and rentals for all services directly or indirectly furnished by the System, and to pledge and appropriate to the Series 2023 Bond the Net Revenues to be derived from the operation of the System, including improvements, betterments or extensions thereof hereafter constructed or acquired.
The Borrower may prepay the Series 2023 Bond, in whole or in part, only upon the terms and conditions under which it can prepay the 2023 Loan under Section 5.3.
The Borrower shall keep, perform and observe each and every one of its covenants and undertakings set forth in the Resolution for the benefit of the registered holders from time to time of the Series 2023 Bond.
This Contract shall be in full force and effect from the date of delivery hereof until such time as the Series 2023 Bond and any Parity Bonds shall have been paid or provision for such payment shall have been made in accordance with the Bond Resolution and all payments due or to become due to the Bond Registrar, Paying Agent, Debt Service Fund Custodian and Project Fund Custodian have been made; provided that in no event shall this Contract extend beyond fifty years from its date.
If any such Series 2023 Bond shall have matured, instead of issuing a duplicate Series 2023 Bond the Issuer may pay the same without surrender thereof; provided, however, that in the case of a lost, stolen or destroyed Series 2023 Bond, there shall be first furnished to the Trustee evidence of such loss, theft or destruction satisfactory to the Trustee, together with indemnity satisfactory to it.
No consent, approval or authorization of, or filing, registration or qualification with, any governmental authority(other than those, if any, already obtained) is required on the part of the Borrower as a condition to adopting this Supplemental Resolution, issuing the Series 2023 Bond or entering into the Collateral Documents and the performance of the Borrower’s obligations hereunder and thereunder.
The Authority shall pay the Costs of the Project by checks or wire transfers by making disbursements from the Project Fund or other payments from the proceeds of the Series 2023 Bond as otherwise provided in the Bond Resolution.
The Series 2023 Bond shall be fully registered as to both principal and interest, and shall be initially registered in the name of and payable to the DNRC, and shall be dated the date of delivery.
Subsequent to the initial issuance of the Series 2023 Bond and prior to the payment in full of the Series 2023 Bond, this Contract may not be amended, changed, modified or altered except as provided in the Bond Resolution.
The obligations of the Borrower under this Supplemental Resolution and the Series 2023 Bond shall never constitute an indebtedness of the Borrower within the meaning of any State constitutional provision or statutory or charter limitation and shall never constitute or give rise to a pecuniary liability of the Borrower or a charge against its general credit or taxing power.