Authorization of Bonds. The Company will authorize the issue and sale of $60,000,000 aggregate principal amount of its First Mortgage Bonds, 4.27% Series due 2044 (the “Bonds”) to be issued under and secured by that certain Indenture of Mortgage and Deed of Trust, dated as of September 1, 1944 (the “Original Mortgage”), between the Company, The Bank of New York Mellon Trust Company, N.A. (the “Principal Trustee”) and UMB Bank & Trust, N.A (with the Principal Trustee, the “Trustees,” and individually, a “Trustee”), as to be amended and supplemented by the Fortieth Supplemental Indenture, dated as of the Closing (the “Supplemental Indenture”), and entitled to the benefits thereof. The Original Mortgage, as heretofore supplemented and amended including, without limitation, by the Supplemental Indenture, and as may be supplemented and amended in the future, is hereinafter referred to as the “Mortgage.” The Supplemental Indenture, including the form of the Bonds, shall be in the form set out in Exhibit 1. The Mortgage creates and will create a first mortgage Lien on and a first security interest in the property of the Company described therein as being subjected to the Lien thereof, subject to permitted encumbrances, prepaid liens and Prior liens (each as defined in the Mortgage), and except (i) excepted property (as defined in the Mortgage) and (ii) such property as may have been released from the Lien thereof in accordance with the terms thereof (such property which at such time is subject to the Lien of the Mortgage being hereinafter referred to as the “Mortgaged Property”). Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are to a Schedule or an Exhibit attached to this Agreement unless otherwise specified. References to a “Section” are references to a Section of this Agreement unless otherwise specified.
Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.27% Series due June 15, 2048 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June 1, 2018 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.
Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.99% Series due 2042 (herein referred to as the “3.99% Series due 2042 Bonds”) in an aggregate principal amount of $25,000,000, to bear interest at the rate of 3.99% per annum, and to mature on July 15, 2042, (ii) First Mortgage Bonds, 4.04% Series due 2045 (herein referred to as the “4.04% Series due 2045 Bonds”) in an aggregate principal amount of $10,000,000, to bear interest at the rate of 4.04% per annum, and to mature on July 15, 2045, and (iii) First Mortgage Bonds, 4.09% Series due 2048 (herein referred to as the “4.09% Series due 2048 Bonds”) in an aggregate principal amount of $65,000,000, to bear interest at the rate of 4.09% per annum, and to mature on July 15, 2048 (the 3.99% Series due 2042 Bonds, the 4.04% Series due 2045 Bonds, and the 4.09% Series due 2048 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-two supplemental indentures and as further supplemented by the Fifty-third Supplemental Indenture dated as of June 1, 2018 (such Fifty-third Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and
Authorization of Bonds. On or before the Issuance Date, the Bond Issuer shall have caused to be authorized pursuant to the Bond Indenture the issuance of the Bonds in such tranches and principal amounts as set forth in Schedule 1(a) attached hereto and incorporated herein by this reference.
Authorization of Bonds. There are hereby authorized to be issued Bonds of the Corporation to be designated as "Sales Tax Securitization Bonds," and there is hereby created a continuing pledge and lien as provided hereby to secure the payment of the principal and Redemption Price of and interest on all Outstanding Bonds. The Bonds shall be special obligations of the Corporation payable solely from the Trust Estate in the manner more particularly provided herein. The aggregate principal amount of Bonds which may be executed, authenticated and delivered is not limited except as provided hereby. The Bonds may, if and when authorized by the Corporation pursuant hereto and to one or more Supplemental Indentures, be issued in one or more Series and the Bonds of each Series shall contain an appropriate Series designation. The Bonds shall not constitute an indebtedness or an obligation of the City, the State or any subdivision thereof within the purview of any constitutional or statutory limitation or provision or a charge against the general credit or taxing powers, if any, of any of them but shall be payable solely from the Sales Tax Revenues deposited with the Trustee.
Authorization of Bonds. The Company will authorize the issue and sale of $125,000,000 aggregate principal amount of its First Mortgage Bonds, 3.24% Series due March 30, 2051 (the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated as of October 1, 1943 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The New York Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of February 15, 2021 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require.
Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.39% Series due 2052 (herein referred to as the “3.39% Series due 2052 Bonds”) in an aggregate principal amount of $75,000,000, to bear interest at the rate of 3.39% per annum, and to mature on January 1, 2052 and (ii) First Mortgage Bonds, 3.41% Series due 2053 (herein referred to as the “3.41% Series due 2053 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.41% per annum, and to mature on January 1, 2053 (the 3.39% Series due 2052 Bonds and the 3.41% Series due 2053 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-six supplemental indentures and as further supplemented by the Fifty-seventh Supplemental Indenture dated as of November 1, 2019 (such Fifty-seventh Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-six supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.
Authorization of Bonds. An issue of Bonds was created under the Original Bond Indenture in order to obtain moneys for the benefit of the Issuer for loan to the Borrower. The Bonds are designated as “Xxxxxx County Industrial Development Corporation Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2010.” The aggregate principal amount of Bonds that may be issued and Outstanding under this Bond Indenture shall not exceed $75,000,000. This Bond Indenture constitutes a continuing agreement with the Holders from time to time of the Bonds to secure the full payment of the principal of and premium (if any) and interest on all the Bonds, subject to the covenants, provisions and conditions herein contained.
Authorization of Bonds. 1. There is hereby created and established under this Indenture one issue of revenue bonds of the Authority, limited to $98,000,000 in aggregate principal amount, of "Facilities Revenue Bonds, Series 2001B (Consolidated Edison Company of New York, Inc. Project)". In order to distinguish between Bonds which are subject to different interest rate determination methods and other features and to distinguish the portion of the Bonds to be offered or remarketed by any particular underwriter or Remarketing Agent, the Bonds may be designated and redesignated from time to time by the Authority in such a way as to identify one or more subseries of the Bonds. Such subseries may be designated as subseries B-1, subseries B-2, or subseries B-3, as the case may be, or may be further redesignated as subseries B-1-1, subseries B-2-1, or subseries B-3-1, as the case may be, and so forth. Each Bond shall bear upon the face thereof such designation or redesignation, if any. In the event any series of Bonds is designated as one or more subseries, all references to a series of the Bonds in this Indenture shall refer to each such subseries unless the context otherwise requires. The Bonds, upon original issuance, shall be issued in three separate subseries designated as "2001B-1" in the principal amount of $33,000,000 (the "Series 2001B-1 Bonds"), "2001B-2" in the principal amount of $33,000,000 (the "Series 2001B-2 Bonds") and "2001B-3" in the principal amount of $32,000,000 (the "Series 2001B-3 Bonds").
Authorization of Bonds. The Company will authorize the issue and sale of (i) $55,000,000 aggregate principal amount of its 3.00% Series First Mortgage Bonds due March 15, 2023 (the “Series A Bonds”) and (ii) $45,000,000 aggregate principal amount of its 3.40% Series First Mortgage Bonds due March 15, 2028 (the “Series B Bonds” and, together with the Series A Bonds, the “Bonds”). The Bonds will be issued pursuant to the Thirty-First Supplemental Indenture to be dated on or around March 15, 2013 (the “Thirty-First Supplement”) to the Mortgage and Deed of Trust dated as of February 1, 1945, as heretofore amended and supplemented (the “Indenture”). The Bonds shall be substantially in the forms included in the Recitals to the Thirty-First Supplement and the Thirty-First Supplement shall be substantially in the form of Exhibit 1 hereto. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.
