Project Financial Structure Sample Clauses

Project Financial Structure. The Project will be 100% debt financed and is currently anticipated to utilize conduit bond financing, with no equity contribution from Developer, in accordance with City’s determination that such a structure is more financially beneficial to City. Any bonds issued pursuant to such a structure shall comply in all respects with City’s Master Bond Ordinance. City and Developer currently contemplate that all financing will be fixed rate debt, with interest rates set when the bonds are sold; only Airport revenues shall be used to repay the debt, pursuant to Section VII(B) above. An illustrative timeline for Project financing milestones, to be more fully set forth in the Development Agreement, is attached as Exhibit C.