Amount of STAR Bonds Sample Clauses

Amount of STAR Bonds. It is contemplated that for Phase 1, Qualified Third Parties (as defined in Section 4.06(g) below) will purchase the STAR Bonds described herein in a par amount equal to approximately $58,000,000 which shall render approximately $45,178,749 of net STAR Bond proceeds ("STAR Bond Proceeds") for use in funding Phase 1 STAR Bond Project Costs. Subsequently, for Phase 2, STAR Bonds in an estimated par amount of $46,000,000, which shall render approximately $35,821,251 of net STAR Bond Proceeds may be issued for use in funding Phase 2 STAR Bond Project costs. The parties hereby understand and agree that the approximated par and net proceeds amounts set forth for Phase 1 and Phase 2 above are estimates only and, as such, are not intended by the parties to operate as a limitation on the STAR Bond Proceeds that Developer may receive hereunder; however, the parties agree that in no event shall more STAR Bonds be issued in connection with the Project than the amount necessary to yield $81,000,000 in net STAR Bond Proceeds, exclusive of financing costs and applicable reserve. All disbursements of net STAR Bond Proceeds shall be made only to pay Project Costs which are (i) eligible for payment or reimbursement pursuant to the STAR Bond Act, and (ii) agreed-upon by the parties and identified on Exhibit K attached hereto (the "Eligible STAR Bond Expenses").
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Amount of STAR Bonds. It is contemplated that for Phase 1, Qualified Third Parties (as defined in Section 4.06(g) below) will purchase the STAR Bonds described herein in a par amount equal to approximately $58,000,000 64,990,000 which shall render approximately $45,178,74950,551,772 of net STAR Bond proceeds ("STAR Bond Proceeds") for use in funding Phase 1 STAR Bond Project Costs. Developer hereby acknowledges receipt of all of the STAR Bond Proceeds as described in the prior sentence. The parties hereby understand and agree that notwithstanding anything set forth in this Agreement which is seemingly to the contrary, the City shall not issue any more STAR Bonds in connection with the Project and therefore, Developer understands and agrees that it will not receive any further STAR Bond Proceeds whatsoever.The parties hereby understand and agree that the approximated par and net proceeds amounts set forth for Phase 1 above are estimates only and, as such, are not intended by the parties to operate as a limitation on the STAR Bond Proceeds that Developer may receive hereunder; however, the parties agree that in no event shall more STAR Bonds be issued in connection with the Project than the amount necessary to yield [$81,000,000] in net STAR Bond Proceeds, exclusive of financing costs and applicable reserve. All disbursements of net STAR Bond Proceeds shall be made only to pay Project Costs which are (i) eligible for payment or reimbursement pursuant to the STAR Bond Act, and (ii) agreed-upon by the parties and identified on Exhibit K attached hereto (the "Eligible STAR Bond Expenses"). The parties hereby agree that Section 4.02(e)(i) of the Development Agreement is hereby modified to remove the last sentence regarding Percentage Limitation Dates for Phase 2.
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Related to Amount of STAR Bonds

  • Amount of Notes The aggregate principal amount of Notes which may be authenticated and delivered under this Indenture on the Issue Date is $3,140,000,000. The Issuers may from time to time after the Issue Date issue Additional Notes under this Indenture in an unlimited principal amount, so long as (i) the Incurrence of the Indebtedness represented by such Additional Notes is at such time permitted by Section 4.03 and (ii) such Additional Notes are issued in compliance with the other applicable provisions of this Indenture. With respect to any Additional Notes issued after the Issue Date (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.07, 2.08, 2.09, 3.08, 4.06(e), 4.08(c) or Appendix A), there shall be (a) established in or pursuant to a resolution of the Board of Directors of the Company and (b) (i) set forth or determined in the manner provided in an Officer’s Certificate or (ii) established in one or more indentures supplemental hereto, prior to the issuance of such Additional Notes:

  • Increases in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be increased (in each case without regard to any exchanges of Class M Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-up Amounts that are allocable to Class M Notes that were exchanged for such MAC Notes will be allocated to increase the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • Reductions in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be reduced (in each case without regard to any exchanges of Original Notes for MAC Notes), without any corresponding payment of principal, by the amount of the reduction, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Calculated Tranche Write-down Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(b) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Calculated Tranche Write-down Amounts that are allocable to Original Notes that were exchanged for such MAC Notes will be allocated to reduce the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture, designated as the “3.000% Senior Notes due 2022”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Seventh Supplemental Indenture shall be limited to $750,000,000. Any additional amounts of such series to be issued shall be set forth in a Company Order.

  • Calculation of Principal Amount of Notes The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 13.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

  • Prepayment of Notes 3 Section 2.1.

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