Special Project Bonds definition

Special Project Bonds means any bonds issued to finance construction and/or acquisition of facilities which will not constitute a part of the System and which will not be paid out of revenues from the Contracts.
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Special Project Bonds means bonds, notes, loans or other obligations or arrangements that are (a) issued or entered into in connection with the financing, planning, design, engineering, acquisition, installation, construction, reconstruction, operation or maintenance of Special Projects and (b) payable from and secured by revenues derived from Special Projects. Special Project Bonds are not Bonds.
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Special Project Bonds means any bonds or notes issued from time to time in one or more installments for the purchase, construction, improvement, extension, replacement, enlargement or repair of facilities (whether or not such facilities are connected to or integrated into facilities that comprise the System) necessary under a service contract, lease, lease-purchase agreement, installment sale agreement or any other type of contract or contracts with persons,
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Examples of Special Project Bonds in a sentence

  • Terminal Project)($33,880,000) • The Port Authority of New York and New Jersey Special Project Bonds, Series 1R, Delta Air Lines, Inc.

  • The Borrower had advised the Credit Enhancer that the Special Project Bonds cannot be remarketed without the support of an increased equity investment or significant credit enhancement and that the Borrower and its equity partners are unable or unwilling to provide such support from their own resources.

  • The Maximum Amount of Credit at no time shall exceed an amount equal to $10,000,000 less the value of payments made and investment earnings realized with respect to the Equity Reserve Fund established under Section 505A of the 1990 Trust Agreement; PROVIDED, HOWEVER, that at no time shall the Maximum Amount of Credit be reduced pursuant to this Section 2.4 to an amount less than the lesser of (a) $4,000,000 and (b) the aggregate principal amount of Special Project Bonds then outstanding.

  • Because the Borrower had advised the Credit Enhancer that it had been unable to market the Special Project Bonds but that it expected that it would be able to find investors during the first few months of 1991, the Special Project Bonds were issued with the understanding that the proceeds would be held in escrow for the benefit of the Bondholders while the Borrower and its placement agent pursued efforts to remarket the Special Project Bonds.

  • The principal of and premium, if any, and interest on the Special Project Bonds are and shall be payable solely from the revenues of the Project and other funds specifically pledged for such purpose and not from any other revenues or properties of the Credit Enhancer.

  • Each advance, together with all interest thereon, shall be paid in full not later than three years following the date of such advance; PROVIDED, HOWEVER, that in the event of acceleration of the maturity of the Special Project Bonds under Section 1102 of the 1990 Trust Agreement, all advances hereunder and interest thereon shall be due and payable in full immediately.

  • It is agreed that the Credit Enhancement Account shall not be used to secure additional bonds, should any ever be issued with respect to the Project, or any other indebtedness other than the Special Project Bonds except with the written consent of the Holders of the Special Project Bonds.

  • Consequently, the Borrower has requested that the Credit Enhancer provide credit enhancement for the Special Project Bonds in the form of a commitment to advance up to $10,000,000 if, when and as needed to pay debt service on the Special Project Bonds.

  • If the remarketing is not accomplished on or before June 27, 1991 the Special Project Bonds will have to be redeemed.

  • Pursuant to the 1990 Trust Agreement on December 31, 1990 the Credit Enhancer issued $40,000,000 of its special project revenue bonds (the "Special Project Bonds"), the proceeds of which were to be lent to the Borrower for the purpose of financing costs of constructing, equipping and furnishing a 270-room conference and hotel (the "Project") to be erected on property in the Bird Island Flats section of Boston-L▇▇▇▇ International Airport that is leased by the Borrower from the Credit Enhancer.


More Definitions of Special Project Bonds

Special Project Bonds means those bonds authorized pursuant to Section 15 of this Bond Order.
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Special Project Bonds means those bonds the District reserves the right to issue in Article Eleven of this Order.
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Related to Special Project Bonds

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.