Project Financing Approvals Clause Samples

Project Financing Approvals. Prior to issuing bonds or other evidences of indebtedness or certificates of participation for the purpose of Financing the First Expansion Facilities, District shall give written notice to City that the time to commence Financing has arrived. Within 30 days of the notice, the Finance Committee shall meet and confer at least once and within 60 days of the notice City shall advise District in writing as to whether Fixed Financing or Variable Financing shall be used. If City advises in writing that Fixed Financing is to be used or fail to give their written advice within 60 days of the notice, the Fixed Financing shall be used.