The Lease and Definitive Documents Sample Clauses

The Lease and Definitive Documents. The proceeds of the Bonds shall be applied by the Authority to acquire the Project for lease to the Company pursuant to the Lease, providing that fee simple title to the Project shall be held by the Authority and a leasehold interest in the Project shall be held by the Company. This structure is necessary in order to provide for the ad valorem tax savings as more fully described in Article 3, below, and to permit certain other arrangements with respect to the Project. At or prior to the date of issuance and delivery of the Bonds, title to the Project shall be vested in the Authority and at Closing the Project shall be leased to the Company, subject to Permitted Encumbrances (defined below), under the Lease which grants to the Company an option and obligation to purchase the Project, and obligates the Authority to convey the Project to the Company, for a nominal price ($100) when the Bonds have been retired or defeased. As used herein,
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The Lease and Definitive Documents. At or prior to the date of issuance and delivery of the Certificates, fee simple title to the Project shall be vested in the Authority and at Closing the Project shall be leased to the Company, subject to Permitted Encumbrances (defined below), under the Lease. This structure is necessary in order to provide for the ad valorem tax abatement as more fully described in Article 3, below. The Lease shall grant to the Company an option to purchase the Project, and obligates the Authority to convey the Project to the Company, for a nominal price ($100) when the Certificates have been retired or defeased. As used herein, “Permitted Encumbrances” means the liens, encumbrances and other matters specified as such in the Lease. The Lease shall otherwise include the terms described on Schedule C attached hereto. The Company shall make periodic payments (“Basic Rent”) under the Lease at the times and in the amounts as are required to pay the principal of, the redemption premium (if any), and the interest on the Certificates as the same become due and payable (after giving credit to other amounts for such purpose). The Certificate Resolution, Indenture, Lease, Certificate Purchase Agreement and other related documents shall contain terms and provisions of the type generally utilized in connection with “conduit” issues of revenue bonds or certificates. Such documents shall constitute the “Definitive Documents”. All of the Definitive Documents shall be subject to the written approval of the Company.
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Related to The Lease and Definitive Documents

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  • Amendment of Bidding Documents 10.1 Before the deadline for submission of bids, the Employer may modify the bidding documents by issuing addenda.

  • LETTER OF INTENT You can reduce the sales charge you pay on Class A shares by investing a certain amount over a 13-month period. Please indicate the total amount you intend to invest over the next 13-months. □ $50,000 □ $100,000 □ $250,000 □ $500,000 □ $1,000,000 or more Rights of Accumulation If you already own Class A shares of the Sierra Mutual Funds, you may already be eligible for a reduced sales charge on Class A share purchases. Please provide the eligible account number(s) below to qualify (if eligible). Account No. Account No. □ Net Asset Value (NAV). I have read the prospectus and qualify for a complete waiver of the sales charge on Class A shares. Registered representatives may complete the Dealer Information section as proof of eligibility. Reason for Waiver:

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  • Settlement Agreement Respondent understands that Respondent has the right to a formal adjudicatory hearing concerning this matter and that at said hearing Respondent would possess the right to confront and cross-examine witnesses, to call witnesses, to present evidence, to testify on Respondent’s own behalf, to contest the allegations, to present oral argument, and to appeal to the courts. Further, Respondent fully understands the nature, quality, and dimensions of these rights. Respondent understands that by signing this Settlement Agreement,

  • Term of Letters of Understanding All central letters of understanding appended to this agreement, or entered into after the execution of this agreement shall, unless otherwise stated therein, form part of the collective agreement, run concurrently with it, and have the same termination date as the agreement.

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