District Notes definition
Examples of District Notes in a sentence
Section 5.1. Reimbursement of Costs; Issuance of District Obligations 14 Section 5.2. Limited Obligations 14 Section 5.3. Cooperation in the Issuance of District Obligations 14 Section 5.4. No Other Obligations or Uses of Revenues 15 Section 5.5. District Notes 15 Section 5.6. Application of District Sales Tax Revenues 15 Section 5.7. Conditions Precedent to Issuance of District Obligations 16 Section 5.8. District Bonds 16 Section 5.9. Pledge of District Sales Tax Revenues 16 Section 5.10.
Subject to the requirements of Section 5.7, the District may issue, or cause to be issued on its behalf, District Bonds in an amount sufficient to refund all or a portion of the outstanding District Notes.
If the District is unable for any reason to refund all of the outstanding District Notes, the District may issue District Bonds to refund only a portion of the District Notes and the District and the Developer agree to subordinate any remaining District Notes to such District Bonds.
Subject to the requirements of this Agreement, the District shall issue the District Notes in the form and substance as dictated by a Trust Indenture and a resolution approved by the Board of Directors approving the issuance of the District Notes.