City Notes definition

City Notes has the meaning set forth in Paragraph F of the Recitals.
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City Notes means one or more notes designated “Tax Increment Allocation Revenue Note (Chicago Transit Authority Red and Purple Modernization Phase One Project), Taxable Series ,” to be substantially in the form attached hereto as Exhibit J, issued by the City to CTA in the aggregate maximum principal amount of $622,000,000 less the amount of any Pay-As-You-Go Funds, and shall include each of the Initial City Note and the Additional City Note, if applicable. The City Note shall bear interest at the City Note Interest Rate and shall not provide for accrued, but unpaid, interest to bear interest at the same annual rate. The interest on the City Note will not be tax exempt.
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City Notes means the Series 2018H Notes, the Series 2019A Notes, the Series 2019H Notes, the Series 2020A Notes, the Series 2020H Notes, the Series 2021A Notes and the Series 2021G Notes.
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Examples of City Notes in a sentence

  • The City may not consent to any amendment or waiver of the terms of the City Loan Agreement or the City Notes, if such amendment or waiver could reasonably be deemed to materially adversely affect the County, without the County's prior written approval, which the County may withhold in its sole discretion.

  • Borrower shall repay the City Loan pursuant to the terms of the City Loan Agreement and the City Notes.

  • B) To the best of Seller's knowledge, the Maker of each of the City Notes is obligated to make payments on the City Notes, according to its terms without any defense or right of set-off with respect to such payment obligation.

  • Each of the Forest City Notes and the Transaction Documents is in full force and effect, has not been modified, revised or amended (either in writing or orally), and together constitute the complete agreement between FCAP and Parent with respect to the indebtedness evidenced by the Forest City Notes.

  • For City Notes that do require such consent to assignment or transfer, the Closing shall occur no later than fifteen (15) days after written consent to such assignment approval is received by the Seller and Buyer; provided, however, if a required consent for a City Note is not obtained by June 30, 2000, then there shall be no sale with respect to such City Note.

  • The closing of the purchase and sale of each of the City Notes and related City Contractual Rights (each, a "Closing") that do not require the consent of the issuing municipality or agency for assignment or transfer, shall occur on or before April 15, 2000.

  • E) To the best of Seller's knowledge, the amortization schedule dated March 31, 2000 for the City Notes, prepared and signed by Seller, and delivered to Buyer is accurate and correct.

  • Upon the terms and subject to the conditions of this Agreement, on the applicable Closing Dates, Seller shall sell, assign, and deliver to Buyer, and Buyer shall purchase from Seller, free and clear of all encumbrances and liabilities, the Property provided however that those City Notes which require a consent from the Maker, shall not be sold unless and until such consent is obtained.

  • The Buyer and Seller acknowledge that consents to assign City Notes are required from the following municipalities: San ▇▇▇▇ Capistrano, Fountain Valley, Rancho Cucamonga and Corona.

  • The City Notes and the City Contractual Rights and the Sell-Back Right are collectively referred to herein as the "Property".


More Definitions of City Notes

City Notes is defined as the City Third Restated Predevelopment Note, City Acquisition Loan Note, and City Development Loan Note.
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City Notes is defined as that City Predevelopment Note, City Acquisition Note, and City Development Note. [NOTE: definition not used.]
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