Authorization and Terms Sample Clauses

Authorization and Terms. 8 Section 3.01 Authorization ...................................... 8 Section 3.02 Terms .............................................. 8
Sample 1
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Authorization and Terms. Section 2.01. Authorization of Bonds. 13 Section 2.02. Terms of Bonds 13 Section 2.03. Redemption of Bonds. 14 Section 2.04. Form of Bonds. 16 Section 2.05. Execution of Bonds. 16 Section 2.06. Transfer of Bonds. 17 Section 2.07. Exchange of Bonds. 17 Section 2.08. Registration of Bonds. 17
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Authorization and Terms. 5 Section 3.1 Creation of the Notes.......................................................................5 Section 3.2 Aggregate Principal Amount..................................................................5 Section 3.3 Denominations; Term; Lack of Security and Subordination.....................................6 Section 3.4 Interest and Interest Payments; Maturity....................................................6 Section 3.5 Valid Issuance; Rejection; Rescission.......................................................8 Section 3.6 Registrar and Paying Agent; Transfer and Exchange...........................................9 Section 3.7 Payment of Principal and Interest; Principal and Interest Rights Preserved.................10 Section 3.8
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Authorization and Terms. Section 2.01. Authorization of 2019 Bonds 13 Section 2.02. Terms of 2019 Bonds 13 Section 2.03. Redemption of 2019 Bonds 15 Section 2.04. Form of 2019 Bonds 17 Section 2.05. Execution of 2019 Bonds 17 Section 2.06. Transfer of Bonds 18 Section 2.07. Exchange of Bonds 18 Section 2.08. Registration of Bonds 18 Section 2.09. Temporary Bonds 19 Section 2.10. Bonds Mutilated, Lost, Destroyed or Stolen 19 Section 2.11. Book-Entry System 19 ARTICLE III DEPOSIT AND APPLICATION OF PROCEEDS OF 2019 BONDS Section 3.01. Issuance of 2019 Bonds 21 Section 3.02. Application of Proceeds of Sale and Certain Other Amounts 21 Section 3.03. Bond Proceeds Fund; Costs of Issuance Account 22 Section 3.04. Refunding Fund 22 Section 3.05. Issuance of Parity Debt 22 Section 3.06. Issuance of Subordinate Debt 23 ARTICLE IV: SECURITY OF BONDS; FLOW OF FUNDS: Section 4.01. Security of Bonds; Equal Security 23
Sample 1
Authorization and Terms. Section 2.01. Authorization of 2019 Bonds The 2019A Bonds in the aggregate principal amount of Dollars ($ ) and the 2019B Bonds in the aggregate principal amount of Dollars ($ ) are hereby authorized to be issued by the Successor Agency under and subject to the terms of this Indenture, the Law and the Refunding Law. This Indenture constitutes a continuing agreement with the Owners of all of the Bonds, including the 2019 Bonds, issued or to be issued hereunder and then Outstanding to secure the full and final payment of principal and redemption premiums (if any) and the interest on all Bonds, including the 2019 Bonds, which may from time to time be executed and delivered hereunder, subject to the covenants, agreements, provisions and conditions herein contained. The 2019A Bonds shall be designated the “Successor Agency to the City of Montclair Redevelopment Agency 2019 Tax Allocation Refunding Bonds, Series A.” The 2019B Bonds shall be designated the “Successor Agency to the City of Montclair Redevelopment Agency 2019 Taxable Tax Allocation Refunding Bonds, Series B.”
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Authorization and Terms 
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Related to Authorization and Terms

  • Authorization and Effect of Agreement Each of Purchaser and the Merger Sub has all requisite right, power and authority to execute and deliver this Agreement and the Ancillary Agreements to which it is or is proposed to be a party and to perform its obligations hereunder and under any such Ancillary Agreements and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Ancillary Agreements to which it is a party by each of Purchaser and the Merger Sub and the performance by each of Purchaser and the Merger Sub of its obligations hereunder and thereunder, as the case may be, and the consummation of the transactions contemplated hereby or thereby, as the case may be, have been duly authorized by all requisite action on the part of each of Purchaser and the Merger Sub and no other action on the part of each of Purchaser and the Merger Sub is necessary to authorize the execution and delivery of this Agreement and the Ancillary Agreements to which it is a party or the consummation of the transactions contemplated hereby or thereby. This Agreement has been duly and validly executed and delivered by each of Purchaser and the Merger Sub and constitutes a legal, valid and binding obligation of each of Purchaser and the Merger Sub, enforceable against each of Purchaser and the Merger Sub in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally.

  • Formation and Term The Company was formed as a Delaware limited liability company on September 7, 2012. The term of the Company shall continue until the Company is dissolved and its affairs wound up in accordance with the provisions of this Agreement.

  • Authorization and Validity of Agreements The execution, delivery and performance by it of this Agreement, and the consummation by it of the transactions contemplated hereby, have been duly authorized and approved by all necessary corporate or equivalent action on its part. This Agreement has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or other laws relating to or affecting creditors’ rights generally and by general equity principles.

  • Authorization and Validity of Agreement Such party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement, the agreements and instruments to which it is to be a party required to effect the Restructuring (the “Restructuring Agreements”) and the agreements to be delivered by it at the Closing pursuant to Section 5.3 (the “Other Agreements”). The execution, delivery and performance by such party of this Agreement, the Restructuring Agreements and the Other Agreements and the consummation by it of the transactions contemplated hereby and thereby have been duly and validly authorized by the board of directors, managing members or analogous governing body of such party and, to the extent required by law, its stockholders or members, and no other corporate or other action on its part is necessary to authorize the execution and delivery by such party of this Agreement, the Restructuring Agreements and the Other Agreements, the performance by it of its obligations hereunder and thereunder and the consummation by it of the transactions contemplated hereby and thereby. This Agreement has been, and each of the Restructuring Agreements and each of the Other Agreements, when executed and delivered, will be, duly executed and delivered by such party and each is, or will be, a valid and binding obligation of such party, enforceable in accordance with its terms.

  • Authorization and Validity This Agreement and each promissory note, contract, instrument and other document required hereby or at any time hereafter delivered to Bank in connection herewith (collectively, the "Loan Documents") have been duly authorized, and upon their execution and delivery in accordance with the provisions hereof will constitute legal, valid and binding agreements and obligations of Borrower or the party which executes the same, enforceable in accordance with their respective terms.

  • Form, Dating and Terms (a) The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The Initial Notes issued on the date hereof will be in an aggregate principal amount of $600,000,000. In addition, the Issuer may issue, from time to time in accordance with the provisions of this Indenture, Additional Notes (as provided herein). Furthermore, Notes may be authenticated and delivered upon registration of transfer, exchange or in lieu of, other Notes pursuant to Sections 2.2, 2.6, 2.8, 2.10, 5.5 or 9.5, in connection with an Asset Disposition Offer pursuant to Section 3.5 or in connection with a Change of Control Offer pursuant to Section 3.9. Notwithstanding anything to the contrary contained herein, the Issuer may not issue any Additional Notes, unless such issuance is in compliance with Section 3.2. With respect to any Additional Notes, the Issuer shall set forth in (i) an Officer’s Certificate and (ii) one or more indentures supplemental hereto, the following information:

  • Authorization and Reliance GMAC understands that a copy of this Limited Guaranty shall be delivered to the Trustee in connection with the execution of Amendment No. 1 to the Servicing Agreement and GMAC hereby authorizes the Company and the Trustee to rely on the covenants and agreements set forth herein.

  • Authorization, Validity and Effect of Agreements Each of Parent and Merger Sub has all requisite corporate power and authority to execute and deliver this Agreement and the Ancillary Documents, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Ancillary Documents and the consummation by Parent and Merger Sub of the transactions contemplated hereby and thereby have been duly and validly authorized by the respective Boards of Directors of Parent and Merger Sub, and no other corporate proceedings on the part of Parent or Merger Sub are necessary to authorize this Agreement and the Ancillary Documents or to consummate the transactions contemplated hereby and thereby. This Agreement has been, and any Ancillary Documents at the time of execution will have been, duly and validly executed and delivered by Parent and Merger Sub, and (assuming this Agreement and such Ancillary Documents each constitutes a valid and binding obligation of the Company) constitutes and will constitute the valid and binding obligations of each of Parent and Merger Sub, enforceable against Parent and Merger Sub in accordance with their respective terms (except insofar as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' rights generally, or by principles governing the availability of equitable remedies).

  • Authorization of Agreements The execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of Company.

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