Bond Transaction. In the event the bond financing transaction described in Paragraph 2 of the MOU is not closed or consummated due to the failure or default by Landlord, Landlord hereby agrees that Tenant's obligation to pay the Real Estate Taxes on the Premises as provided in Section 3.03(b) of the Lease shall be automatically reduced to the amount that would have been payable by Tenant thereunder if such bond financing transaction had been closed and consummated as contemplated by the MOU and the tax abatement referenced therein received, and Landlord shall be obligated for and responsible to pay the balance of such Real Estate Taxes to the proper taxing authority for the period of time and number of years that the tax abatement would otherwise had been available, as described in the MOU.
Bond Transaction. The exchange of a portfolio of bonds from Centerline 0000-0 XXX Xxxxxxxxxxxxxx, XXX, Xxxxxxxxxx 0000-0 SU Securitization, LLC and Centerline 2007-1 T Securitization, LLC to Xxxxxxx Mac, pursuant to which Xxxxxxx Mac issued series A certificates that were sold by a placement agent and series B certificates that were held initially by SPV I for purposes of a securitization of such portfolio that is credit enhanced by Xxxxxxx Mac pursuant to a Bond Exchange and Sale Agreement dated as of December 1, 2007 among Xxxxxxx Mac, Centerline 0000-0 XXX Xxxxxxxxxxxxxx, XXX, Xxxxxxxxxx 0000-0 SU Securitization, LLC, Centerline 2007-1 T Securitization, LLC, SPV I and SPV II, and the documents contemplated thereby. Borrower Materials. See Section 25.4.
Bond Transaction. This Lease is subject and subordinate to the CCIDA Lease (as hereinbelow defined), the Mortgage (as hereinbelow defined) and the Bond Documents (as hereinafter defined), and is further subject to the written approval of the Chemung County Industrial Development Agency (hereinbelow the “CCIDA”) and Bondholder (as hereinafter defined). Tenant acknowledges and agrees that Landlord’s Property, including the Leased Premises, is or will be owned by CCIDA and leased to Landlord under the CCIDA Lease. As used in this Lease, the following terms shall have the indicated meanings:
Bond Transaction. In conjunction with entering into the DCDA Lease, Seller has disclosed and does hereby disclose to Purchaser that Seller purchased, pursuant to that certain Bond Purchase Agreement dated as of November 1, 2003 (the “Bond Purchaser Agreement”), those certain Series 2003 Taxable Revenue Bonds in the amount of $18,000,000 issued by DCDA (the “Bonds”). Seller purchased the Bonds and is currently the owner of the Bonds. At Closing, the Bonds shall be sold and transferred to Purchaser and Seller and Purchaser shall execute a Transfer of Bond in the form attached as Exhibit “H”. Further, Seller is the payee of the Bonds pursuant to that certain Guaranty Agreement dated as of November 1, 2003 (the “Guaranty”). At Closing, Purchaser shall assume Seller’s obligations and liabilities under the Guaranty pursuant to the Assignment and Assumption of Bond Obligations attached as Exhibit “I”.
Bond Transaction. The exchange of a portfolio of bonds from Centerline 0000-0 XXX Xxxxxxxxxxxxxx, XXX, Xxxxxxxxxx 0000-0 SU Securitization, LLC and Centerline 2007-1 T Securitization, LLC to Xxxxxxx Mac, pursuant to which Xxxxxxx Mac issued series A certificates and the B certificates held as of the date hereof by SPV I for purposes of a securitization of such portfolio that is credit enhanced by Xxxxxxx Mac pursuant to that certain Bond Exchange and Sale Agreement dated as of December 1, 2007 among Xxxxxxx Mac, Centerline 0000-0 XXX Xxxxxxxxxxxxxx, XXX, Xxxxxxxxxx 0000-0 SU Securitization, LLC, Centerline 2007-1 T Securitization, LLC, SPV I and SPV II, and the documents contemplated thereby. BTB Swap Agreements. Collectively, the Existing CCG BTB Swap Agreements, the Existing CFin BTB Swap Agreements and the CFin Holdings BTB Swap Agreement.
Bond Transaction. The exchange of a portfolio of bonds from Centerline 2007-1 EIX Xxxxxxxxxxxxxx, XXX, Xxxxxxxxxx 0000-0 XX Xxxxxitization, LLC and Centerline 2007-1 T Securitization, LLC to Freddie Mxx, xxxsuant to which Freddie Mxx xxxxed series A certificates and the B certificates held as of the date hereof by SPV I for purposes of a securitization of such portfolio that is guaranteed by Freddie Mxx xxxxuant to that certain Bond Exchange and Sale Agreement dated as of December 1, 2007 among Freddie Mxx, Xxxterline 2007-1 EIX Xxxxxxxxxxxxxx, XXX, Xxxxxxxxxx 0000-0 XX Xxxxxitization, LLC, Centerline 2007-1 T Securitization, LLC, SPV I and SPV II, and the documents contemplated thereby. Business Day. Any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, the state of New York.
