Additional Bonds definition
Examples of Additional Bonds in a sentence
In connection with the sale of the Series 2022 Bonds and any Additional Bonds or Refunding Bonds (collectively, the “Bonds”), the City is an obligated person with respect to the Bonds and must undertake to disclose certain information for as long as the Bonds are outstanding, in compliance with 17 C.F.R. 240.15c2-12 (the “Rule”) promulgated by the Securities and Exchange Commission.
The City hereby agrees to pay the Base Rentals in accordance with the Base Rental Payment Schedule attached as Schedule 1 hereto as it may be revised from time to time by such amounts as are necessary to reflect the redemption of certain Bonds or to pay the principal and interest on Additional Bonds.
The City understands that the Option Price is subject to recalculation by the Trustee from time to time based on certain redemptions of Bonds or the issuance of any Additional Bonds authorized under Section 2.13 of the Indenture.
In addition to the foregoing, additional Land may be added hereto in connection with the issuance of Additional Bonds in accordance with the Indenture.
If the Lessee is not in default hereunder, the Lessor will consider the issuance of Additional Bonds in a principal amount as is specified in a written request in accordance with the applicable provisions set forth in the Indenture.