TIFIA Bonds definition
Examples of TIFIA Bonds in a sentence
Amounts on deposit in the TIFIA Reserve Account shall be made available to ensure the timely payment of TIFIA Debt Service on the TIFIA Loan and debt service in respect of Other TIFIA Bonds, in each case as needed, and shall not be available to pay any other obligations owed by the Borrower to any other Person.
Prepayment of the TIFIA Loan shall be made on a pro rata basis with the Other TIFIA Bonds then outstanding, in each case, based on the then outstanding amount of such Bonds.
Prepayment of the TIFIA Loan shall be made on a pro rata basis with the Other TIFIA Bonds and the RRIF Loan then outstanding, in each case, based on the then outstanding amount of such Bonds.
The Borrower shall at all times, to the extent permitted by law, defend, preserve and protect the TIFIA Lien in and to the Pledged Taxes and all rights of the TIFIA Lender, as owner of the TIFIA Bonds, against all claims and demands of all Persons whomsoever affecting the TIFIA Lien.
The Trustee shall create and maintain separate subaccounts identified by the appropriate Series designation within the Rebate Account to account for rebate payments due on each Series of Bonds (other than TIFIA Bonds) (except that more than one Series may be combined for such purpose on the advice of Bond Counsel).
In the event that the Borrower pledges any Additional Taxes to holders of any Bonds, such Additional Taxes shall (x) constitute Pledged Taxes and (y) be deemed pledged for the benefit of the TIFIA Lender as security for the payment of the TIFIA Bonds and all of the obligations of the Borrower in respect of the TIFIA Loans.
Amounts on deposit in the TIFIA Reserve Account shall be made available to ensure the timely payment of TIFIA Debt Service, and debt service in respect of Other TIFIA Bonds, in each case as needed, and shall not be available to pay any other obligations owed by the Borrower to any other Person.
Prepayment of the TIFIA Loans shall be made, on a pro rata basis with the Other TIFIA Bonds then outstanding, in each case, based on the then outstanding amount of such Bonds.
There shall be deposited into the Bond Proceeds Subaccount: (A) proceeds of each Series of Bonds (other than TIFIA Bonds) as provided in the Supplemental Indenture pursuant to which such Series of Bonds is issued; (B) moneys transferred to the Bond Proceeds Subaccount from the Rebate Account pursuant to Section 3.07 hereof; and (C) any other moneys received by the Trustee that are accompanied by written directions that such moneys are to be deposited into the Bond Proceeds Subaccount.
Amounts on deposit in the TIFIA Reserve Account shall be made available to ensure the timely payment of TIFIA Debt Service on each TIFIA Loan and debt service in respect of Other TIFIA Bonds, in each case as needed, and shall not be available to pay any other obligations owed by the Borrower to any other Person.