Common use of Company Approval of Issuance of Bonds Clause in Contracts

Company Approval of Issuance of Bonds. (a) Simultaneously with the authorization of this Agreement by the Board of Directors of the Issuer, such Board has adopted the Bond Resolution. In consideration of the covenants and agreements set forth in this Agreement, and to enable the Issuer to issue the Bonds to carry out the intents and purposes hereof, this Agreement is executed to assure the issuance of such Bonds, and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the Indenture, of amounts not less than those required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender, or otherwise), all of the principal of, redemption premium, if any, and interest on, and Purchase Price of, the Bonds, and all other payments required in connection with such Bonds, the Agreement, or the Indenture. Each such payment is hereby designated as an "Installment Payment", and collectively such payments are hereby designated as "Installment Payments". The Company hereby agrees to make, or cause to be made, each Installment Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Fund, or, in the case of an Installment Payment in respect of Purchase Price, into the Bond Purchase Fund, all as provided in the Indenture.

Company Approval of Issuance of Bonds. (a) Simultaneously with the authorization of this Agreement by the Board of Directors of the Issuer, such Board has adopted the Bond Resolution. In consideration of the covenants and agreements set forth in this Agreement, and to enable the Issuer to issue the Bonds to carry out the intents and purposes hereof, this Agreement is executed to assure the issuance of such Bonds, and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the IndentureIndenture securing the Bonds, of amounts not less than those required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender, or otherwise), and at such time as will assure payment on the due date thereof, all of the principal of, redemption premium, if any, and interest on, and Purchase Price of, the Bonds, and all other payments required in connection with such Bonds, the this Agreement, or the Indenture. Each such payment is hereby designated as an "Installment a “Loan Payment"”, and collectively such payments are hereby designated as "Installment “Loan Payments"”. The Company hereby agrees to make, or cause to be made, each Installment Loan Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Fund, or, in the case of an Installment Payment in respect of Purchase Price, into the Bond Purchase Fund, all as provided in the Indenture.

Company Approval of Issuance of Bonds. (a) Simultaneously with the authorization of this Agreement by the Board of Directors City Council of the Issuer, such Board City Council has adopted the Bond ResolutionOrdinance. In consideration of the covenants and agreements set forth in this Agreement, and to enable the Issuer to issue the Bonds to carry out the intents and purposes hereof, this Agreement is executed to assure the issuance of such Bonds, Bonds and to provide for the due and punctual payment by the Company to the Issuer, or to the Trustee under the IndentureIndenture securing the Bonds, of amounts not less than those required to pay, as and when due (whether at stated maturity, upon redemption, acceleration of maturity, tender, deemed tender, tender or otherwise), and at such time as will assure payment on the due date thereof, all of the principal of, redemption premium, if any, and interest on, and Purchase Price of, the Bonds, and all other payments required in connection with such Bonds, the Agreement, this Agreement or the Indenture. Each such payment is hereby designated as an "Installment a “Rent Payment", ,” and collectively such payments are hereby designated as "Installment “Rent Payments". .” The Company hereby agrees to make, or cause to be made, each Installment Rent Payment, as and when due, for the benefit of the owners of the Bonds into the Bond Fund, or, in the case of an Installment Payment in respect of Purchase Price, into the Bond Purchase Fund, all as provided in the Indenture.