Examples of Subordinate Debt Documents in a sentence
That all prior actions taken by or on behalf of the Corporation in connection with the Subordinate Loan and Subordinate Debt Documents, including the execution and form of the Commitment, are hereby authorized, ratified, confirmed and approved.
That, notwithstanding any other provision of this Resolution, the Chairperson, Vice Chairperson, President, or Executive Vice President of the Corporation are each hereby authorized to make or approve such revisions in the form of the Subordinate Debt Documents as, in the opinion of counsel, may be necessary or convenient to carry out or assist in carrying out the purposes of this Resolution, the Subordinate Debt Documents and the Program.
The Fiscal Agent will receive and deposit into the Subordinate Debt Proceeds Account amounts received as future installments of the Subordinate Debt from the Subordinate Lender, in accordance with the provisions of the Subordinate Debt Documents.
Borrower will promptly upon the issuance or incurrence of any Permitted Subordinate Debt or Permitted Senior Debt provide to Administrative Agent a true, correct and complete copy of all material Permitted Subordinate Debt Documents or Permitted Senior Debt Documents, as applicable, executed and delivered in connection with, governing and/or evidencing such Permitted Subordinate Debt or Permitted Senior Debt, as applicable.
That the Board of Directors of the Corporation has expressly determined and hereby confirms that the execution of the Subordinate Debt Documents and the further use of the Program accomplish a valid public purpose of the Corporation.
That the officers of the Corporation are each hereby authorized to consent to, accept, execute and attest such other agreements, assignments, certificates, contracts, documents, instruments, releases, financing statements, letters of instruction, written requests and other papers, whether or not mentioned herein, as may be necessary or convenient to carry out or assist in carrying out the purposes of this Resolution and the Subordinate Debt Documents.
The Mortgage, the Assignment of Project Documents, the Assignment of Capital Contributions, [the Assignment of HAP Contract,] [the Assignment of Subordinate Debt Documents,] the Developer Fee Pledge and the General Partner Pledge shall be effective to create in the Trustee a legal, valid and enforceable lien and security interest in the collateral identified therein.