Infrastructure Bonds Sample Clauses

Infrastructure Bonds. The Town Bodies have agreed to increase the face amount of the Infrastructure Bonds to provide for the funding of the additional Approved Costs that will be incurred as a result of the increase in the scope of the Infrastructure Project, as reflected in the Project Plans for the Infrastructure Project. Accordingly, the definition of “Infrastructure Bonds” is amended and restated to read as follows: “Infrastructure Bonds shall mean the Town of McCordsville, Indiana, Economic Development Lease Rental Revenue Bonds, Series 2022 (Rebar Project) issued in a face amount that results in the net amount of approximately $5,000,000.00, which proceeds shall be made available in accordance with the terms of the Original Agreement and the Bond Documents for the Infrastructure Bonds to pay Approved Costs incurred in connection with the Infrastructure Project. Company is not obligated to guarantee the Infrastructure Bonds, and debt service on the Infrastructure Bonds shall be payable solely by the applicable Town Body.”