Definition of 1998 Installment Purchase Agreement


1998 Installment Purchase Agreement means the Installment Purchase Agreement, dated as of May 1, 1998, between the City and the Authority, as amended or supplemented from time to time.

Examples of 1998 Installment Purchase Agreement in a sentence

The District‟s application indicates that the District is in compliance with all 1998 Installment Purchase Agreement terms and conditions.
The District expects to use proceeds of the Certificates to refund all outstanding obligations under the 1998 Installment Purchase Agreement.
Assuming the accuracy of such computations, as a result of the deposit and application of funds as provided in the 1998 Escrow Agreement, the 1998 Certificates will be defeased pursuant to the provisions of the 1998 Installment Purchase Agreement and the 1998 Trust Agreement under which the 1998 Certificates were delivered, as of the date of execution and delivery of the Certificates.
Under the 1998 Installment Purchase Agreement, the District is obligated to make installment payments from Net Revenues of the Water System (as such terms are defined in the 1998 Installment Purchase Agreement).
As of the Fiscal Year ended June 30, 2009, the outstanding principal amount due under the 1998 Installment Purchase Agreement was $13,690,000.