WIFIA Bond definition
Examples of WIFIA Bond in a sentence
If such funds have not been so paid on the prepayment date, such principal amount of the WIFIA Loan and the applicable WIFIA Bond shall continue to bear interest until payment thereof at the rate provided for in Section 6 (Interest Rate).
If the Borrower prepays only part of the unpaid balance of principal of the WIFIA Loan, the WIFIA Lender may make a notation on Exhibit F (WIFIA Debt Service) indicating the amount of principal of and interest on the WIFIA Loan then being prepaid and the WIFIA Bond to which such prepayment applies.
Any payment in respect of a WIFIA Bond shall be treated as a payment in respect of the WIFIA Loan and any payment in respect of the WIFIA Loan shall be treated as a payment in respect of the applicable WIFIA Bond.
The obligations of the Borrower under this Section 10 shall survive the payment or prepayment in full or transfer of each WIFIA Bond, the enforcement of any provision of this Agreement or the other WIFIA Loan Documents, any such amendments, waivers or consents, any Event of Default, and any such workout, restructuring, or similar arrangement.
The Borrower, pursuant to the applicable WIFIA Indenture, shall direct the WIFIA Indenture Trustee to make such payment with funds then on deposit in the Debt Service Fund (or the appropriate accounts or subaccounts therein) established pursuant to the WIFIA Indenture with respect to such WIFIA Bond.