Master Bond Resolution definition

Master Bond Resolution has the meaning set forth in the recitals hereof.

Master Bond Resolution means Resolution No. 6649 of SMUD, adopted on January 7, 1971, and amended and supplemented from time to time in accordance with the terms thereof.

Master Bond Resolution means the Master (03-22-17) Bond Resolution Authorizing Amendment and Restatement of Master Bond Resolution adopted by the Board on March 22, 2017, relating to the issuance of Parity Bonds, constituting the amendment and restatement in full of the Prior Master Bond Resolution as defined therein, as the Master Bond Resolution may be heretofore amended and supplemented in accordance with its terms.

Examples of Master Bond Resolution in a sentence

• Amounts drawn under a letter of credit that are not reimbursed by the Airport constitute “Repayment Obligations” under the 1991 Master Bond Resolution and are accorded the status of other outstanding bonds to the extent provided in the Resolution.

• A significant portion of the Airport’s net position is restricted by the 1991 Master Bond Resolution and 1997 Note Resolution (the “Master Bond Resolutions”) and the Lease and Use Agreement with the airlines for the purpose of capital improvements and contingencies.

• Notwithstanding Section 6 of this Resolution, the maximum stated interest rate payable by the Department in any year on amounts due under such Credit Support Agreement, including the interest rate on Credit Provider Bonds (as defined in the Master Bond Resolution), shall be twenty percent (20%).

• Net Revenues, together with any transfer from the Contingency Account to the Revenue Account (both held by the City Treasurer), in each fiscal year will be at least equal to 125% of aggregate annual debt service with respect to the bonds for such fiscal year.The methods required by the 1991 Master Bond Resolution for calculating debt service coverage differ from those required under GAAP, which are used to determine amounts reported in the Airport’s financial statements.

• The Hotel Special Facility Bonds are not payable from Net Revenues, as that term is defined in the 1991 Master Bond Resolution.

More Definitions of Master Bond Resolution

Master Bond Resolution means the Issuer’s Resolution No. 92-3 adopted on October 20, 1992 by the Board of Directors, as amended and supplemented from time to time.

Master Bond Resolution means, collectively, (a) the Original Resolution, as supplemented and amended by (i) the First Supplemental Resolution, (ii) the Second Supplemental Resolution, (iii) the Third Supplemental Resolution, (iv) the Fourth Supplemental Resolution, (v) the Fifth Supplemental Resolution, (vi) the Sixth Supplemental Resolution, (vii) the Seventh Supplemental Resolution, (viii) the Eighth Supplemental Resolution, (ix) the Ninth Supplemental Resolution, (x) the Tenth Supplemental Resolution, (xi) the Eleventh Supplemental Resolution,

Master Bond Resolution shall have the meaning assigned to that term in the recitals to this Contract.

Master Bond Resolution means Resolution (06-28-23) Authorizing Amendment and Restatement of Master Bond Resolution, adopted by the Board on June 28, 2023, as may be amended and restated from time to time in accordance with its terms.

Master Bond Resolution has the meaning set forth in the recitals hereto. Master Note Exhibit X. Xxxxx’x

Master Bond Resolution means this Amended and Restated Master Bond Resolution as amended and supplemented from time to time.

Master Bond Resolution means, collectively, (a) the Original Bond Resolution, as supplemented and amended by (i) the Amended and Restated First Supplemental and Amendatory Bond Resolution (Resolution No. 02-B-035), adopted by the Redevelopment Commission on November 20, 2002, (ii) the Second Supplemental Bond Resolution (Resolution No. 09-B-003), adopted by the Redevelopment Commission on January 21, 2009, (iii) the Third Supplemental Bond Resolution (Resolution No. 010-B-021), adopted by the Redevelopment Commission on September 15, 2010, (iv) the Fourth Supplemental Bond Resolution (Resolution No. 2012-B-004), adopted by the Redevelopment Commission on October 17, 2012, (v) the Fifth Supplemental Bond Resolution