Leases Involving Certificates of Participation Clause Samples

Leases Involving Certificates of Participation. It will obtain FTA approval in writing before entering into any FTA-funded leasing arrangement involving certificates of participation or any other type of innovative financing arrangements.

Leases Involving Certificates of Participation. The Grantee agrees to obtain the Department’s concurrence before entering into any leasing arrangement involving the issuance of certificates of participation in connection with the acquisition of any capital asset.

Leases Involving Certificates of Participation. The Transit Provider agrees to obtain FTA concurrence before entering into a leasing arrangement involving the issuance of certificates of participation in connection with the acquisition of any capital asset.