Industrial Bond definition

Industrial Bond means, initially, industrial revenue bonds and industrial development bonds.
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Industrial Bond means the Cherokee County, South Carolina, Industrial Revenue Bond, Series 1996 (Paragon Trade Brands, Inc. Project), in the principal amount of not exceeding $60,000,000, authorized, executed and delivered by the County under the Indenture, and any bonds executed and delivered under the Indenture in lieu of or in substitution thereof (including pursuant to Section 2.01 thereof), the proceeds of which will be applied as Advances to the Tenant to finance the Project.
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Industrial Bond means any obligation issued by a governmental unit (including the United States, any state, any political subdivision of a state, or any agency, or corporate or other instrumentality, of one or more of them) other than a general obligation of a governmental unit having power to tax property or of an agency of the state of New Hampshire:
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Examples of Industrial Bond in a sentence

  • The County will issue its Industrial Bond pursuant to the terms of the Indenture and the Act and the Industrial Bond Purchaser will make Advances under the Industrial Bond in the amount necessary to reimburse the Tenant for, or otherwise pay, the Cost of each Financed Increment conveyed to the County by the Tenant pursuant to Section 4.01 hereof, all in accordance with Article III of the Indenture.

  • If the Tenant elects not to restore the Leased Property taken by condemnation, the Tenant shall prepay the Allocable Percentage of the Industrial Bond and the Allocable Percentage of the Special Source Revenue Bond.

  • The Industrial Bond will be dated, will mature and bear interest, will be subject to redemption on the occasions and at the redemption prices and will be payable as to principal and interest, be secured by and be subject to such terms and conditions, as are set forth in the Indenture.

  • As long as the Tenant is the Holder of the Industrial Bond, the Tenant may offset the obligation to make payments of Basic Rent hereunder, including without limitation amounts due pursuant to Section 10.03 hereof, against its right as Industrial Bond Purchaser to receive payments of the principal of, and interest on, the Industrial Bond.

  • The Project, financed in part with the Industrial Bond, constitutes and will constitute a "Project" within the meaning of the Act, and the portion of the Project financed with the Special Source Revenue Bond constitutes unimproved land and infrastructure under the Act.

  • If, while any Bonds are outstanding, all or any part of a Financed Increment shall be destroyed or damaged, the Tenant shall either repair such Financed Increment or prepay the Allocable Percentage of the Industrial Bond and of the Special Source Revenue Bond as the Tenant may elect in its sole discretion.