Examples of State Indenture in a sentence
The State hereby consents to the same and agrees that the Trustee may enforce such rights as provided in the State Indenture and the State will cause payments required hereunder to be made directly to the Trustee.
Under the State Indenture, the Authority will, as additional security for the State Bonds, assign, transfer, pledge and grant a security interest to the Trustee in the State Payments and other moneys received by the Authority hereunder and directed to be deposited by the Authority with the Trustee under the State Indenture (the “State Obligations”).
All State Payments shall be deposited by the Trustee in accordance with the provisions of the State Indenture and shall be used and applied by the Trustee in the manner and for the purposes set forth in the State Indenture.
Under the State Indenture, the Authority will, as additional security for the StateAuthority Bonds – State, assign, transfer, pledge and grant a security interest to the Trustee in the State Base Rental Payments and other moneys received by the Authority hereunder and directed to be deposited by the Authority with the Trustee under the State Indenture (the “State Obligations”)..
All State Payments shall be deposited by the applicable Trustee in accordance with the provisions of the State Indenture or the Event Day Indenture, as applicable, and shall be used and applied by thesuch Trustee in the manner and for the purposes set forth in the Statesuch applicable Project Indenture.
Under the State Indenture, the Authority will, as additional security for the Authority Bonds – State, assign, transfer, pledge and grant a security interest to the Trustee in the State Base Rental Payments and other moneys received by the Authority hereunder and directed to be deposited by the Authority with the Trustee under the State Indenture.
Subject to (i) the satisfaction of the Private Funding Contingency provided in Section 3.1 hereof, (ii) the approval of the State Indenture by the State, (iii) the approval of the City Indenture by the City, and (iv) the approval of the Event Day Indenture by the City and the State, the Authority hereby agrees to issue the Project Bonds as provided in the Project Indentures to provide funds for the payment of the Project Costs.
All State Payments shall be deposited by the applicable Trustee in accordance with the provisions of the State Indenture, the Event Day Indenture or the NFL Team Rent Indenture, as applicable, and shall be used and applied by such Trustee in the manner and for the purposes set forth in such applicable Project Indenture.
No money shall be disbursed from the Construction Funds established by the Event Day Indenture or NFL Team Rent Indenture until (i) all moneys in the Construction Funds established by the State Indenture and City Indenture have been spent in full, and (ii) all moneys in the Construction Fund established by the Authority from the NFL Contribution and $250,000,000 of the NFL Team Contribution have been spent in full.
If the Authority Bonds – State are defeased and no longer outstanding pursuant to the State Indenture, then the State shall no longer have any obligation to make Base Rental Payments.