Authorization and Terms Clause Samples
The "Authorization and Terms" clause defines the permissions granted and the specific conditions under which parties may act or use certain rights within an agreement. Typically, this clause outlines who is authorized to perform particular actions, such as accessing information, using intellectual property, or entering into binding commitments, and sets forth the rules or limitations governing those activities. By clearly specifying both the scope of authorization and the applicable terms, this clause helps prevent misunderstandings and ensures that all parties are aware of their rights and obligations, thereby reducing the risk of unauthorized actions or disputes.
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 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 Section 4.01. Security of Bonds; Equal Security 23
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
Authorization and Terms. 8 Section 3.01 Authorization ...................................... 8 Section 3.02 Terms .............................................. 8
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.”
Authorization and Terms. 8 Section 3.01 Authorization........................................................................ 8 Section 3.02 Terms................................................................................ 8 ARTICLE FOUR REDEMPTION.................................................................................... 10
Authorization and Terms. 5 Section 3.1 Creation of the Notes.......................................................................5 Section 3.2 Aggregate Principal Amount..............................................................
Authorization and Terms