Acquisition Bonds definition

Acquisition Bonds means the Bonds issued to provide funds for the acquisition of the water system, including any refunding of the Formation Bonds.

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Acquisition Bonds means the following, if secured by or payable from intangible

Acquisition Bonds means Bonds issued by the Buyer primarily for the purpose of paying the Purchase Price or installments thereof and anticipated to be in an aggregate amount sufficient to produce Acquisition Bond Net Proceeds in an amount equal to the Purchase Price.

Examples of Acquisition Bonds in a sentence

Therefore, a ratable share (based on PWW’s approved revenue requirement in its last full rate proceeding, DW 13-130) of the $5,000,000 RSF has been added to its previously apportioned share of the City Acquisition Bonds in order to derive the new annual CBFRR amount.
Debt Service Revenue Requirement - 0.1 (DSRR-0.1) repay the City for the $5,000,000 portion of the Acquisition Bonds used to fund the RSF was derived as part of PWW’s return on its rate base investment.
Upon any termination of this Agreement that would entitle the Buyer to recover the benefit of its bargain with the Seller, the Buyer and Seller agree that the value of the benefit of the bargain is speculative, is not readily subject to determination objectively and agree that the value of the benefit of the bargain to the Buyer is $5 Million, plus an amount equal to all transaction costs which the Buyer would have paid if the Closing and issuance of the Acquisition Bonds had taken place.
Order No. 25,292 at 30 (“the fund is intended to provide holders of the City Acquisition Bonds with reasonable assurances of the available cash to be used to pay debt service on the City Acquisition Bonds, similar to a debt service reserve fund, and will hence facilitate Nashua’s ability to borrow funds at reasonable interest rates, which will directly benefit customers in the form of a lower cost of capital”).
The consideration for the Assets will be four hundred fifty-six million five hundred thousand ($456,500,000 , as may be adjusted as provided below in subsection 2.3(B) (the "Purchase Price")"), and as further may be adjusted as provided in the definition of "Acquisition Bonds Net Proceeds".
The Independent Engineer’s Report concerning the Acquired Assets previously provided to Seller shall not have been modified in any way that would materially adversely affect Buyer’s ability to issue Acquisition Bonds as contemplated by this Agreement.
The Net Proceeds of the Acquisition Bonds will be an amount sufficient to fund the Purchase Price (i) less the sum of the Five Million Dollars ($5,000,000) in Buyer equity and the Twenty Four Million Dollar ($24,000,000) Subordinate Note, and (ii) plus the sum of Buyer’s DSRF, Seller’s Closing Costs; and Buyer’s Costs of Issuance.
Buyer has sufficient cash and, to the Knowledge of Buyer, financial ability to issue the Acquisition Bonds in the Base Bond Amount so that at Closing Buyer is able to pay in cash the Purchase Price in accordance with the terms of Article 2 of this Agreement and any other amounts to be paid by Buyer hereunder.
Based on the pro forma, the parties anticipate that the Buyer will realize Net Revenues in each of the first four 12 month periods following the Closing ("Test Year(s)") sufficient to (i) fund the Renewal and Replacement Requirement, (ii) fund (iii) the Capital Improvement Plan Requirement pay 30 year level debt service on the Acquisition Bonds, and (iv) provide Buyer with net profits of $4.5 Million.
Seller shall assume responsibility for structuring the Acquisition Bonds to achieve the purpose of meeting the criteria in the sentence above.

More Definitions of Acquisition Bonds

Acquisition Bonds is defined in Section 2.06(a).

Acquisition Bonds means the Sewer Revenue Bonds, Series of 2020, to be issued under the GJWA Trust Indenture, or any refunding bonds thereof. The undersigned, on behalf of the Buyer, hereby certifies that the foregoing calculations are true and correct and are subject to Section 8.18 of the APA. GREATER JOHNSTOWN WATER AUTHORITY By: Name: Title: THIS ACKNOWLEDGEMENT AND AGREEMENT REGARDING ANY FUTURE NON- GOVERNMENTAL SYSTEM TRANSFER (this “Agreement”), dated as of [Date of Governmental System Transfer Closing], is by [the Resulting Governmental Entity or the Receiving Governmental Entity, as the case may be] (“Transferee”) to and for the benefit of [The City of Johnstown, a political subdivision of the Commonwealth of Pennsylvania operating as a Third Class City under a Home Rule Charter or its successor or permitted assign, as the case may be] (“Original Seller”).

Acquisition Bonds means the following, if secured by or payable from intangible acquisition property, and issued by or on behalf of an issuing utility pursuant to a qualified rate order:

Acquisition Bonds. -- means Bonds issued by the Buyer primarily for the purpose of paying the Purchase Price or installments thereof and anticipated to be in an aggregate amount sufficient to produce Acquisition Bond Net Proceeds in an amount equal to the Purchase Price.