Series 2024 Project definition
Examples of Series 2024 Project in a sentence
The Series 2024 Project constitutes a “project” within the meaning of the Act.
As of the date hereof, the Borrower affirms the representations and agrees to be bound by covenants made by the Borrower in Section 2.03 the Original Loan Agreement and agrees that such representations and covenants shall be construed and read to include and relate to the Series 2024 Bonds and the Series 2024 Project, as applicable.
Promptly following the issuance and sale of the Series 2024 Bonds, the Issuer will acquire, construct, and install the Series 2024 Project and will convey components of the Series 2024 Project to the Purchaser as required by Section 3.01 hereof.
The Board shall have no right, title or interest in the Series 2024 Project or any additions and modifications thereto or replacements thereof, except its reversionary rights by law as lessor and except as expressly set forth herein and in the Master Lease.
However, it is hereby acknowledged that improvements constructed on the Series 2024 Property, including but not limited to the Series 2024 Project, will or may be used as security for the Series 2024 Bonds.