Examples of Financing Payments in a sentence
If the Financing Agreement is issued through a Public Offering, the City may defease the Series 2024 Obligations by irrevocably depositing with the Escrow Agent or an independent escrow agent, Defeasance Obligations in such amount which will, together with the interest to accrue thereon, be sufficient to pay all Financing Payments attributable to such Obligations, as and when the same become due and payable, as evidenced by a verification report.
Headings 4 Intergovernmental Agreement To Make Financing Payments This Intergovernmental Agreement to Make Financing Payments is dated as of March 18, 2019, and is entered into by and between the Urban Renewal Agency of the City of Wilsonville, Oregon (the “Agency”) and the City of Wilsonville, Oregon (the “City”).
If the City exercises its option to prepay the Financing Payments in whole or in part, unless the Agency consents in advance and in writing, the Agency shall not be obligated to prepay the amounts due from it under this Intergovernmental Agreement.
The amounts and dates of the Financing Payments are shown in Exhibit A.
Obligations which have been defeased shall cease and terminate, except for the obligation of the City to pay the Additional Charges specified in the Financing Agreement and to pay Financing Payments from the amount so deposited, and of the Escrow Agent to apply amounts on deposit to the payment of the Financing Payments.