Credit Facility Bonds definition
Examples of Credit Facility Bonds in a sentence
Without prejudice to the survival of any other agreement of the City, for and on behalf of its Department of Aviation, hereunder, the agreements and obligations of the City, for and on behalf of its Department of Aviation, contained in this Section shall survive the termination of this Agreement and the payment in full of the Series 2019A Bonds and the Series 2019A Credit Facility Bonds and the obligations of the City, for and on behalf of its Department of Aviation, thereunder and hereunder.
Upon prior written notice to the City, for and on behalf of its Department of Aviation, the Majority Holder may, in its sole discretion and in accordance with applicable Law, from time to time assign, sell or transfer in whole or in part, this Agreement, its interest in the Series 2019A and Series 2019B Bonds (including Series 2019A and Series 2019B Credit Facility Bonds) and the Related Documents in accordance with paragraph (b) or (c) of this Section.
The Series 2019A and Series 2019B Credit Facility Bonds and all other Lender Obligations shall not (i) constitute an indebtedness or a debt within the meaning of any constitutional or statutory provision or limitation or (ii) be considered or held to be general obligations of the City.
Under 11 U.S.C. § 922(d), the filing of a petition under 11 U.S.C. §§ 301 and 901 which commences such a case does not operate as a stay of application of such Gross Revenues to the payment of the Series 2019A and Series 2019B Bonds (including the Series 2019A and Series 2019B Credit Facility Bonds) or any amounts payable under this Agreement in accordance with the provisions of 11 U.S.C. § 928, notwithstanding that such Gross Revenues are received and held by the City.
Neither the City nor the Department of Aviation has taken any action or knows of any action that any other Person has taken, which would cause interest on the Series 2019A Bonds or the Series 2019A Credit Facility Bonds to be included in the gross income of the recipients thereof for Federal income tax purposes (excluding treatment of interest on the Series 2019A Bonds or the Series 2019A Credit Facility Bonds as an item of tax preference for purposes of the federal alternative minimum tax).
The City, for and on behalf of its Department of Aviation, shall punctually pay or cause to be paid all amounts payable on the Bonds (including the Series 2019A and Series 2019B Credit Facility Bonds) and under this Agreement and the other Related Documents and observe and perform all of the conditions, covenants and requirements of this Agreement and the other Related Documents.
Under 11 U.S.C. §§ 922(d), 927 and 928, the filing of a petition under 11 U.S.C. §§ 301 and 901 which commences such a case does not operate as a stay of the transfer of such Gross Revenues to the holders of the Series 2019A and Series 2019B Bonds (including the Series 2019A and Series 2019B Credit Facility Bonds) or to the Lender to the extent of any amounts owing thereunder or hereunder.
The obligations owed to the Holders (including the Lender) hereunder (other than amounts due on the Series 2019A and Series 2019B Credit Facility Bonds) of the City, for and on behalf of its Department of Aviation, are general, unsecured obligations of the City, for and on behalf of its Department of Aviation, and payable from moneys in the Capital Fund.
Upon purchasing Series 2019A and Series 2019B Credit Facility Bonds and the registration of such Series 2019A and Series 2019B Credit Facility Bonds in the 1 Incorporate mutually agreeable language which provides that if the Series 2019A Credit Facility Provider Bonds or the Series 2019B Credit Facility Provider Bonds are prepaid prior to the Series 2019A Mandatory Tender Date or the Series 2019B Maturity Date, such prepayment shall be subject to the payment of make-whole premium, if any.
Any Series 2019A and Series 2019B Bonds so held shall thereupon constitute Series 2019A and Series 2019B Credit Facility Bonds and shall, from the date of such tender and while they are Series 2019A and Series 2019B Credit Facility Bonds, bear interest at the rate provided for herein (i.e., the Purchaser Rate, the Taxable Rate or the Default Rate, as applicable), and have other characteristics of Series 2019A and Series 2019B Credit Facility Bonds as set forth herein and in the Ordinance.