Special Purpose Facility definition

Special Purpose Facility means any facility, improvement, structure, equipment or assets acquired or constructed on any land or in or on any structure or building constituting a part of the Airport System, the cost of construction, acquisition, cost of operation and maintenance of which are paid for by any user or users or paid by the Issuer from the proceeds of Special Purpose Bonds or sources other than Pledged Funds.
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Special Purpose Facility means any specific improvement undertaken by the Aviation Commission for the benefit of one or more airlines or other Airport tenants under the terms of a separate agreement that provides for, among other things (1) the payment of rentals or fees for the use or occupancy thereof in sufficient amounts to permit the financing of such improvement and payment of all costs thereof solely from such rentals or fees, and (2) the payments of the operation and maintenance cost of such improvement by the tenant or tenants thereof.
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Special Purpose Facility means (a) additional water sources, including but not limited to, a new lake; or (b) such other facilities or projects as the Commission shall by resolution designate as a Special Purpose Facility, and the cost of construction and acquisition of which facilities are financed with the proceeds of Special Purpose Bonds, notes, or obligations as contemplated and permitted by the Indenture.
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Examples of Special Purpose Facility in a sentence

  • Provide the Authority financial advice and assistance on financing techniques and options on matters pertaining to the issuance and sale of General Airport Revenue Bonds ("GARBs"), Passenger Facility Charge (“PFC”) backed debt, Special Purpose Facility Bonds ("Specials"), short-term securities, derivatives and other forms of financing.

  • Custodian:KASB Finance, PO Box 395737 Riyadh 11375, Kingdom of Saudi Arabia, Tel: +966 (11) 207 9979, Website: www.kasbcapital.saKASB Finance (Custodian) The title deeds were registered on behalf of a subsidiary company "Special Purpose Facility" on behalf of Roboa Altaleem and will be the owner of the existing properties on behalf of Taleem REIT.

  • APA may provide the private partner(s) with access to private activity tax exempt financing via the issuance of conduit Special Purpose Facility Revenue Bonds.

  • The $100 million Special Purpose Facility Revenue Bonds, which were sold as variable rate demand bonds and swapped back to a fixed rate at 3.90%, closed April 11, 2007.

  • MdTA (or other State agency) would consider providing the Lessee with access to private activity tax exempt financing via the issuance of Special Purpose Facility Revenue Bonds.

  • If the cost of the Special Purpose Facility is paid with proceeds of Special Purpose Bonds and such Special Purpose Bonds are refunded with Bonds or Junior Obligations, then the Special Purpose Facility shall cease to be a Special Purpose Facility.

  • Other Permitted Uses: Other uses may be permitted within the Special Purpose Facility land use designation which provide a necessary governmental or public service use not appropriate in other land use designations or for which suitable land is not adequately available.

  • Also permitted are uses which are appropriate, supportive, or compatible with the principal Special Purpose Facility use of the site.

  • Any or all of the revenues generated by the Customer Facility Charge may be pledged to the punctual payment of debt service from Special Purpose ("Facility") Bonds on obligations issued by or on behalf of the Authority for the cost of the car rental portion of the improvements, and to create and maintain reasonable reserves.

  • In order to define a clear distribution of development and preservation, the following categories have been defined: Agriculture, Community Area, Government/Special Public, Industry, Recreation/Open Space, Special Purpose Facility, Specific Plan Area, and Urban Area.


More Definitions of Special Purpose Facility

Special Purpose Facility means any capital improvement, equipment, or facility hereafter acquired, constructed, or leased by AUTHORITY from funds other than Revenues, or obligations payable from Revenues.
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Special Purpose Facility means an end stage renal dialysis facility providing dialysis services at special locations on a short-term basis to a group of dialysis patients who would otherwise be unable to obtain treatment in that special location; and
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Related to Special Purpose Facility

  • Special Purpose Financing means any financing or refinancing of assets consisting of or including Receivables of the Company or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition.

  • Special Purpose Financing Fees means distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Special Purpose Financing.

  • Special Purpose Financing Undertakings representations, warranties, covenants, indemnities, guarantees of performance and (subject to clause (y) of the proviso below) other agreements and undertakings entered into or provided by the Borrower or any of its Restricted Subsidiaries that the Borrower determines in good faith (which determination shall be conclusive) are customary or otherwise necessary or advisable in connection with a Special Purpose Financing or a Financing Disposition; provided that (x) it is understood that Special Purpose Financing Undertakings may consist of or include (i) reimbursement and other obligations in respect of notes, letters of credit, surety bonds and similar instruments provided for credit enhancement purposes, (ii) Hedging Obligations or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into by the Borrower or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, or (iii) any Guarantee in respect of customary recourse obligations (as determined in good faith by the Borrower, which determination shall be conclusive) in connection with any Special Purpose Financing or Financing Disposition, including in respect of Liabilities in the event of any involuntary case commenced with the collusion of any Special Purpose Subsidiary or any Affiliate thereof, or any voluntary case commenced by any Special Purpose Subsidiary, under any applicable bankruptcy law, and (y) subject to the preceding clause (x), any such other agreements and undertakings shall not include any Guarantee of Indebtedness of a Special Purpose Subsidiary by the Borrower or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

  • Special Purpose Subsidiary means any (a) not-for-profit Subsidiary, (b) captive insurance company or (c) Receivables Subsidiary and any other Subsidiary formed for a specific bona fide purpose not including substantive business operations and that does not own any material assets, in each case, that has been designated as a “Special Purpose Subsidiary” by the Borrower.

  • Special Purpose Vehicle means any special purpose funding vehicle identified as such in writing by any Lender to the Administrative Agent.

  • Special Purpose Entity means a corporation, limited partnership or limited liability company which at all times on and after the date hereof:

  • Commercial purpose per MCA 77-1-902(3)(a) means an industrial enterprise, retail sales outlet, business and professional office building, warehouse, motel, hotel, hospitality enterprise, commercial or concentrated recreational use, multifamily residential development, and other similar business.

  • Residential purposes means use for dwelling or recreational purposes, or both.

  • Permitted Securitization means, for any Borrower and its Subsidiaries, any sale, assignment, conveyance, grant and/or contribution, or series of related sales, assignments, conveyances, grants and/or contributions, by such Borrower or any of its Subsidiaries of Receivables (or purported sale, assignment, conveyance, grant and/or contribution) to a trust, corporation or other entity, where the purchase of such Receivables may be funded or exchanged in whole or in part by the incurrence or issuance by the applicable Securitization SPV, if any, of Indebtedness or securities (such Indebtedness and securities being “Attributable Securitization Obligations”) that are to be secured by or otherwise satisfied by payments from, or that represent interests in, the cash flow derived primarily from such Receivables (provided, however, that “Indebtedness” as used in this definition shall not include Indebtedness incurred by a Securitization SPV owed to any Borrower or any of its Subsidiaries, which Indebtedness represents all or a portion of the purchase price or other consideration paid by such Securitization SPV for such receivables or interests therein), where (i) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of such Borrower or any of its Subsidiaries, as applicable, in respect of Receivables sold, assigned, conveyed, granted or contributed, or payments made in respect thereof, are customary for transactions of this type, and do not prevent the characterization of the transaction as a true sale under Applicable Laws (including debtor relief laws) and (ii) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of any Securitization SPV in respect of Receivables sold, assigned, conveyed, granted or contributed or payments made in respect thereof, are customary for transactions of this type.