Bond Covenants definition
Examples of Bond Covenants in a sentence
Tenant agrees that it will not use the Premises or Transfer, assign or sublease the Premises, or take or omit to take any other action, in each case in any manner that breaches the Bond Covenants.
The Reserve Fund Deposits and Withdrawals shall consist of the annual sum required to create and maintain Reserve Fund Levels consistent with Bond Covenants requirements and the City Utility Financial Policy.
Trustor agrees that in the event of a breach or threatened breach of the Bond Covenants, Beneficiary or Trustee may seek to enforce such obligations and may have no adequate remedy in money damages and, accordingly, shall be entitled to an injunction against such breach or threatened breach, and Trustor hereby consents to an order permanently enjoining Trustor from violating the Bond Covenants during the term of this Deed of Trust.
The YMCA agrees not to use nor permit the use of the proceeds of the grant or the Tax-Exempt Facility in a manner which it knows or should know would result in their use either in an unrelated trade or business or in a manner which would otherwise violate the Bond Covenants.
The YMCA agrees not to use or permit the use of the Center in a manner which it knows or should know or has been informed that will result in a violation of the Bond Covenants or which would otherwise adversely affect the federal income tax status of the Tax-Exempt Bonds under Section 103 of the Code.
The Engineer may provide support services regarding tracking and reporting the various requirements that the Mobility Authority is required to meet from agreements such as Bond Covenants, Loan Agreements and TxDOT LGPP requirements.
Said arbitration shall take place in Spokane, Washington, and shall be binding upon both parties except that no decision of the arbitrators arising out of any dispute of ARTICLE 4 – ADJUSTMENT OF RENTS, FEES AND CHARGES, herein, shall be binding on the Board if such decision would cause the Board to be in violation of its obligations under Revenue Bond Covenants or the Joint Operating Agreement for the Airport between the City and County of Spokane.
Landlord agrees that it will comply with all Bond Covenants, including, without limitation, [the covenants contained in Section [5.05] of each of the Landlord resolutions authorizing the Bonds and in the third paragraph on page 1 of each of the Tax Exemption Certificate and Agreement for the Bonds].
As part of a Bond issue, the Airport makes certain representations with respect to the management, operation and financing of the Airport (official Statement) and undertakes certain responsibilities (Bond Covenants).
In connection with the issuance of the Tax-Exempt Bonds, the City has covenanted (the Bond Covenants) with the holders of the Tax-Exempt Bonds that the proceeds of such bonds and the Tax-Exempt Facilities will be used in a manner which assures that the Tax-Exempt Bonds will qualify as obligations within the meaning of section 103 of the Internal Revenue Code (the Code).