Financed Facilities definition
Examples of Financed Facilities in a sentence
Reference is also made to the agreements of Tenant relating to the tax-exempt bonds issued by the City to finance the Complex as set forth in the Agreement With Respect to Bond- Financed Facilities between the City and the Tenant.
The Company shall have a right of first refusal to provide CCA with first mortgage financing for CCA's costs of acquiring, developing or financing any correctional or detention facility (the " Financed Facilities"), subject to the terms and conditions hereof.
In addition no reimbursement allocation will be made more than 18 months following the later of (a) the date of the expenditure or (b) the date the Financed Facilities were placed in service.
At least 85% of the net sale proceeds of the Bonds will be allocated to expenditures on the Financed Facilities within three years after the Issue Date.
The Bonds are being issued for the purpose of providing funds to (a) finance and reimburse the costs of the Financed Facilities and (b) pay certain costs of issuing the Bonds.