Completion Bonds definition

Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

Completion Bonds means any bonds issued to complete construction of the System to enable the Authority to provide water supply services to the Cities and to others, as the System is described in the Engineering Report defined in the Contracts.

Completion Bonds means any bonds issued pursuant to the provision of Section 209 of the Indenture as Completion Bonds.

Examples of Completion Bonds in a sentence

• The Lessee shall adopt an Annual Budget prior to the beginning of each Fiscal Year which demonstrates a Debt Service Coverage Ratio with respect to the Series A Bonds, and any Completion Bonds, Additional Bonds and Refunding Bonds if and when issued, of 1.25 for the next Fiscal Year, and Total Operating Revenues at least equal to Annual Operating Expenses.

• Effective as of the date of delivery of the Bonds, the Lessee will not incur or permit to remain outstanding any Debt other than its obligations hereunder with respect to the Bonds and any Additional Bonds, Completion Bonds or Refunding Bonds as permitted by the Indenture, which is on a parity with the Bonds, unless such Debt is Subordinated Debt.

• In all events, the Lessee shall adopt an Annual Budget for each Fiscal Year which provides a Debt Service Coverage Ratio in relation to the Series A Bonds, Completion Bonds, Additional Bonds and Refunding Bonds of 1.25 plus Total Operating Revenues equal to not less than 100% of anticipated and budgeted Annual Operating Expenses.

• Prior to the incurrence of any Parity Debt, the Lessee will provide evidence satisfactory to the Trustee that each of the conditions mandated by the Indenture for the issuance of Additional Bonds, Completion Bonds and Refunding Bonds, as the case may be, has been satisfied and will deliver to the Trustee the instruments and documents required to demonstrate such compliance.

More Definitions of Completion Bonds

Completion Bonds means Additional Bonds (other than any Variable Interest Rate Bonds or Interim Construction Financing) (a) that are issued in accordance with each of the requirements set forth in clause (e) of the definition of “Permitted Debt” and

Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the

Completion Bonds means those bonds issued in connection with the completion of the Project as set forth in Section 12.1 of this Indenture.

Completion Bonds means any Bonds issued for the purpose of financing the completion of the acquisition, construction, renovation, rehabilitation or equipping of the Project to the extent necessary to provide a completed and fully equipped Project (which may include, but shall not be limited to, capitalized interest, required reserves, and/or costs of issuing those Completion Bonds).

Completion Bonds means Bonds (a) that are issued in accordance with each of the requirements set forth in the definition of “Completion Bonds” in the TIFIA Loan Agreement and in clause (e) of the definition of “Permitted Debt” in the TIFIA Loan Agreement and (b) the proceeds of which are used exclusively to complete the construction of the Dulles Metrorail Project.

Completion Bonds means bonds, notes or other obligations issued in accordance with this Master Resolution and any Supplemental Resolutions for the purpose of completing any project financed with Obligations.

Completion Bonds. First Tier Bonds issued pursuant to Section 208(6) hereof; "Construction Fund" – the Tollway Construction Fund created and established by Section 401 of this Agreement;