Issuance Generally Sample Clauses
The "Issuance Generally" clause defines the basic terms and procedures under which securities, shares, or other financial instruments are issued by a company. It typically outlines the authority of the company to issue new securities, the process for determining the terms of issuance, and any conditions or limitations that may apply. For example, it may specify who within the company can approve issuances or how the price and quantity are set. The core function of this clause is to establish a clear framework for issuing securities, thereby ensuring transparency and consistency in the process and reducing the risk of disputes or unauthorized issuances.
Issuance Generally. The City will permit Commercial Paper Notes to be issued, and authorizes the Issuing and Paying Agent to issue Commercial Paper Notes, only in accordance with the terms of the Indenture and this Reimbursement Agreement.
Issuance Generally. The Authority will permit 2015 GR-6 Notes to be issued, and authorizes the Issuing and Paying Agent to issue 2015 GR-6 Notes, only in accordance with the terms of the GR Resolution and this GR Reimbursement Agreement.
Issuance Generally. The Authority will permit 2015 GR-3 Notes to be issued, and authorizes the Issuing and Paying Agent to issue 2015 GR-3 Notes, only in accordance with the terms of the GR Resolution and this GR Reimbursement Agreement.
Issuance Generally. The Authority may issue Notes only in accordance with the terms of and subject to the conditions set forth in the Trust Agreement, the Issuing and Paying Agent Agreement, Ordinance No. 16 and this Agreement.
Issuance Generally. The City may issue Commercial Paper Notes only in accordance with the terms of and subject to the conditions set forth in the Ordinance, Note Resolution, Agency Agreement and this Agreement.
Issuance Generally. The City will permit Notes to be issued, and authorize the Issuing and Paying Agent to issue Notes, only in accordance with the terms of the Ordinance and this Reimbursement Agreement. The City shall not issue Notes if (i) a Default or an Event of Default shall have occurred and be continuing or would occur upon issuance of the Notes; or (ii) the representations and warranties of the City set forth in Article IV hereof shall, in the reasonable opinion of the Bank, no longer are true and correct in any material respect; (iii) or a No-Issuance Notice has been issued.