Examples of Master Resolution in a sentence
Notwithstanding anything else contained herein to the contrary, the rights of the Trustee, Beneficiary and the Bondholders are subject to the terms and provisions of the Master Resolution and the Lease, in particular but not limited to Article XIV of the Lease and Article X of the Master Resolution.
In the event of any event of default hereunder, Beneficiary may declare all indebtedness secured hereby to be due and payable by written notice to the Trustor as outlined in Section 10.3 of the Master Resolution and the same shall thereupon become due and payable without presentment, demand, protest or notice of any kind.
Unless the context otherwise requires or unless otherwise specified herein, all terms defined in Article I of the Master Resolution and Article I of the Lease shall have the same meaning where used in this Ground Lease.
NONSUBORDINATION OF THE COUNTY’S INTEREST The Authority intends to finance the Facility by the issuance of the Series 2024 Bonds in accordance with the provisions of the Lease and Master Resolution; however, it is understood and agreed that only the Authority’s leasehold interest in the Property will be used as security for the payment of the principal, premium, if any, and interest, if any, on such Bonds.
Subsequent to the issuance of the Series 2024 Bonds and prior to their payment in full (or provision for the payment thereof having been made in accordance with the provisions of the Master Resolution), and except as otherwise herein expressly provided, this Ground Lease may not be effectively amended, changed, modified, altered or terminated without the written consent of the CIB.