COVENANTS OF THE AUTHORITY. So long as the Note is outstanding and unpaid, the Authority will (through its proper officers, agents or employees) faithfully perform and abide by all of the covenants, undertakings and provisions contained in this Resolution or in the Note, including the following covenants and agreements for the benefit of the Owner which are necessary, convenient and desirable to secure the Note and will tend to make them more marketable; provided, however, that such covenants do not require either the City or the Authority to expend any money other than the Revenue nor violate the provisions of State law with respect to tax revenue allocation.
COVENANTS OF THE AUTHORITY. The Authority covenants and agrees with the Owners of the Bonds as follows:
COVENANTS OF THE AUTHORITY. 24 Section 5.01 Observance of Covenants and Payment of Bonds. 24 Section 5.02 Further Security 24 Section 5.03 Title to Trust Estate 24 Section 5.04 Payment of Taxes on Leased Premises 24 Section 5.05 Existence; Compliance with Laws 24 Section 5.06 Payment of Taxes by Trustee 24 Section 5.07 Books of Record and Account 24 Section 5.08 Maintenance of Leased Premises 25 Section 5.09 No Disposition of Leased Premises 25 Section 5.10 Incurring Indebtedness 25 Section 5.11 Use of Proceeds of Bonds 25 Section 5.12 Lease; Acquisition or Construction of Leased Premises 25 Section 5.13 Pursuit of Remedies upon Default 25 Section 5.14 Tax Matters 26 ARTICLE VI. INSURANCE; CONDEMNATION 27 Section 6.01 Insurance. 27
COVENANTS OF THE AUTHORITY. Section 5.1. Punctual Payment 24 Section 5.2. Extension of Payment of Authority Bonds 24 Section 5.3. Against Encumbrances 24 Section 5.4. Power to Issue Authority Bonds and Make Pledge and Assignment 24 Section 5.5. Accounting Records and Financial Statements 24 Section 5.6. Tax Covenants 24 Section 5.7. No Parity Debt 25 Section 5.8. Reassessment Bonds 25 Section 5.9. Sale of Reassessment Bonds 26 Section 5.10. Continuing Disclosure 26 Section 5.11. Further Assurances 27 Section 5.12. Small Issuer Exemption from Bank Nondeductibility Restriction 27 ARTICLE VI THE TRUSTEE Section 6.1. Appointment of Trustee 28 Section 6.2. Acceptance of Trusts 28 Section 6.3. Fees, Charges and Expenses of Trustee 31 Section 6.4. Notice to Bond Owners of Default 31 Section 6.5. Intervention by Trustee 31 Section 6.6. Removal of Trustee 31 Section 6.7. Resignation by Trustee 31 Section 6.8. Appointment of Successor Trustee 32 Section 6.9. Merger or Consolidation 32 Section 6.10. Concerning any Successor Trustee 32 Section 6.11. Appointment of Co-Trustee 32 Section 6.12. Indemnification; Limited Liability of Trustee 33
COVENANTS OF THE AUTHORITY. So long as the Commitment is outstanding and until all Obligations shall have been paid in full, the Authority hereby covenants and agrees, to do the following, unless the Lender shall otherwise consent in writing:
COVENANTS OF THE AUTHORITY. 6.01. Payment of Principal and Interest.................................. 27 6.02. Extension or Funding of Claims for Interest........................ 27 6.03.
COVENANTS OF THE AUTHORITY. The Authority shall fail to observe or perform any of its other agreements, covenants or obligations under this Indenture and such failure is not remedied within 30 days after written notice thereof is given by the Trustee to the Authority.
COVENANTS OF THE AUTHORITY. Section 5.1 Punctual Payment 29 Section 5.2 Extension of Payment of Bonds 29 Section 5.3 Against Encumbrances 29
COVENANTS OF THE AUTHORITY. During the term of this Agreement, and until the obligations of the Authority to the Bank under this Agreement and the Bank Documents are paid in full and the Bank has no further commitment under the Letter of Credit, unless the Bank shall otherwise consent in writing, the Authority covenants and agrees as follows:
COVENANTS OF THE AUTHORITY. Section 8.01. Payment of Principal of and Interest on Bonds..................30
