Covered Notes definition
Examples of Covered Notes in a sentence
All other legal matters pertaining to the execution and delivery of each of the Program Documents, the issuance of the Covered Notes, and the adoption and implementation of the Master Bond Resolution and the Authorizing Resolution shall be reasonably satisfactory to the Bank and its counsel.
All necessary action on the part of the City shall have been taken as required to assign and pledge the Surplus Revenues for the benefit of the Bank and the owners of the Covered Notes.
The City shall not take any action, omit to take any action or cause or permit another Person to take any action or omit to take any action, which, if taken or omitted, would adversely affect the excludability of interest on the Covered Notes (which are issued as tax-exempt) from the gross income of the holders thereof for purposes of Federal income taxation.
The City will not take or omit to take any action, which action or omission will in any way result in the proceeds of the Drawings being applied for any purpose other than to pay principal and interest on Covered Notes on their respective maturity dates.
The Bank shall have received such other documents, certificates, opinions, approvals and filings with respect to the Covered Notes and this Agreement as the Bank may reasonably request.