Examples of 2017 TIFIA Loan Agreement in a sentence
As a condition to executing any Supplemental Indenture or amendment to this Master Indenture or consenting to any amendment to the 2017 TIFIA Loan Agreement and a CDOT O&M Loan Agreement, the Trustee shall be entitled to receive and rely upon a written opinion of Bond Counsel to the effect that the execution thereof is authorized or permitted under this Master Indenture, the Supplemental Indentures and FASTER and will not cause an Adverse Tax Event.
The 2017 TIFIA Bond shall be issued as a single bond in a principal amount equal to the aggregate amount of all disbursements made by the TIFIA Lender to HPTE but not to exceed $108,000,000; provided that interest on the 2017 TIFIA Loan that is compounded and added to the Outstanding TIFIA Loan Balance (as defined in the 2017 TIFIA Loan Agreement) pursuant to the 2017 TIFIA Loan Agreement shall be treated as principal of the 2017 TIFIA Loan and the 2017 TIFIA Bond for purposes of the Master Indenture.
The 2017 TIFIA Loan as evidenced by the 2017 TIFIA Bond shall mature on October 1, 2045, and shall bear interest at the rate of 2.72% per annum (or the TIFIA Default Rate of 2.00% above the foregoing rate, if applicable), compounded and payable on the above dates and in accordance with the 2017 TIFIA Loan Agreement.
The principal and interest payment obligations pursuant to the 2017 TIFIA Loan Agreement and evidenced by the 2017 TIFIA Bond shall constitute Junior Subordinate Obligations under the Indenture.
The Holder of the 2017 TIFIA Bond shall at all times be the party to the 2017 TIFIA Loan Agreement having all rights and obligations of the “TIFIA Lender” thereunder.
The 2017 TIFIA Bond (i) may and shall be prepaid prior to the respective payment dates, in whole or in part, and at such time, in such amounts and with such notice as may be provided in the 2017 TIFIA Loan Agreement, and (ii) the principal of and interest on the 2017 TIFIA Bond shall be payable, all as provided, and in the manner required or indicated, herein and in the 2017 TIFIA Loan Agreement.
Accordingly, the 2017 TIFIA Bond may be transferred by a Holder only to a transferee that is a party to the 2017 TIFIA Loan Agreement having all rights and obligations of the “TIFIA Lender” thereunder.
The 2017 TIFIA Reserve Fund shall function as the “TIFIA Reserve Fund” described in the 2017 TIFIA Loan Agreement.
Interest on such principal amount of the 2017 TIFIA Bond will be compounded and capitalized in accordance with the provisions of the 2017 TIFIA Loan Agreement.
The proceeds from the issuance of the 2017 TIFIA Bond shall be received by the Commission and applied by the Commission in accordance with the 2017 TIFIA Loan Agreement.