Purpose of Financing. The Certificates are being executed and delivered for the purpose of providing funds to pay the costs of (a) the 2018 Project, (b) funding capitalized interest on the Certificates, (c) funding a reserve fund for the Certificates, and (d) executing and delivering the Certificates.
Purpose of Financing. The Lease is being executed and Certificates are being delivered for the purpose of providing funds to (a) refund the Refunded Obligations, (b) pay costs of the Financed Facility, and (c) pay certain costs in connection with the execution and delivery of the Lease and Certificates. The purpose of refunding the Refunded Obligations is to achieve interest cost savings.
Purpose of Financing. The loan may only be used in order to secure the Borrower’s ongoing liquidity needs.
Purpose of Financing. Financing of an ongoing business.
Purpose of Financing. Debtor's possession of the Property shall be for the purpose of daily rental in the ordinary course of Debtor's business, or, as authorized by NMAC for the disposition of the Property in a used condition upon its return to Debtor by Debtor's customers.
Purpose of Financing. The Governmental X .xxxxx Note is being executed and delivered to provide funds for the Governmental Lender to make a loan (the "Borrovver Loan'') to the Borrower to finance the construction and development of the Project. Sale Proceeds of the Governmental Lender Note, and no other funds, will to be used to fund the Borrower Loan, and the Borrower Loan will be assigned to the Funding Lender.
Purpose of Financing. To finance costs incurred by the MTA in connection with the installation of the federally required Positive Train Control Systems on the tracks operated by The Long Island Rail Road Company and Metro-North Commuter Railroad Company.
Purpose of Financing. The Lease and the Certificates are being delivered for the purpose of providing funds to (a) finance costs of the Financed Facilities and (b) pay costs related to the execution and delivery of the Certificates.
Purpose of Financing. The Certificates are being delivered for the purpose of providing funds to (a) finance new capital projects for the Issuer, (b) refund the Refunded Obligations to provide interest cost savings for the Issuer through early redemption of the Refunded Obligations, and (c) pay costs of issuing the Certificates.
Purpose of Financing. The Loan proceeds will be used by Borrower (i) to refinance any existing mortgage and mezzanine indebtedness secured directly or indirectly by the Property, (ii) to make such deposits into any reserve accounts required by Lender, (iii) to pay costs and expenses incurred in connection with the Loan, and (iv) to the extent any proceeds remain after satisfying clauses (i) – (iii) above, for such other general corporate purposes as Borrower shall designate.
