Examples of Bonds in a sentence
Nothing in this Agreement is intended to adversely affect the tax status of any Party including the status of NYISO, or the status of any Connecting Transmission Owner with respect to the issuance of bonds including, but not limited to, Local Furnishing Bonds.
For purposes of this provision, Tax-Exempt Bonds shall include the obligations of the Long Island Power Authority, NYPA and Consolidated Edison Company of New York, Inc., the interest on which is not included in gross income under the Internal Revenue Code.
In this respect, the Asset Monitor shall be provided with figures for the items listed in Clause 4.2 and shall test that (a) A, B, C, Y and Z and the Amortisation Test Aggregate Asset Amount have been calculated in accordance with Schedule 3 to the Asset Monitoring Agreement; and (b) whether or not the Amortisation Test Aggregate Asset Amount is equal to or greater than the aggregate Principal Amount Outstanding of the Covered Bonds.
If the Developer fails to comply with any of its obligations under this Agreement, including but not limited to: failure to construct the Facilities when and as required by this Agreement or failure to maintain the Bonds and/or Letter of Credit required by this Agreement, then the Authority shall have the right to prohibit all future connections related to the Facilities to the Authority’s Water and Wastewater Systems until the default is cured.
Release of the Bonds and/or letter of credit may be phased in accordance with completion of the Facilities and upon payment of all persons supplying labor and furnishing materials in connection with construction of the Facilities.