Examples of Original Bond Indenture in a sentence
An issue of Bonds was created under the Original Bond Indenture in order to obtain moneys for the benefit of the Issuer for loan to the Borrower.
Forthwith upon the execution and delivery of the Original Bond Indenture, receipt by the Trustee of Bonds duly executed by the Issuer, the purchase price for such Bonds, and the initial Bond approved by the Attorney General of Texas and registered by the Comptroller of Public Accounts of the State of Texas, the Trustee authenticated and delivered such Bonds upon written application by the Issuer in exchange for such initial Bond, which was thereupon cancelled.
The Trustee established, maintained and held in trust under the Original Bond Indenture a separate fund of the Borrower designated as the “Costs of Issuance Fund.” The moneys in the Costs of Issuance Fund were used and withdrawn by the Trustee to pay the Costs of Issuance upon Requisition of the Borrower stating the Persons to whom payment is to be made, the amount to be paid, the purpose for which the obligation was incurred and that such payment is a proper charge against said fund.
However, the Original Bond Indenture provides that gross revenues of the Trust Estate are pledged first to the debt service requirements of the Senior Lien bonds and second to the Junior Lien bonds.
Promptly after this Bond Indenture has become effective, the Trustee shall cancel and release the letter of credit issued to it by Bank of America, N.A. under the Original Bond Indenture and return the same to the issuer thereof in accordance with Section 5.08F of the Original Bond Indenture.
Except as expressly modified by this Bond Indenture, the terms and provisions of the Original Bond Indenture shall remain in force and effect as restated hereby, all of which are expressly ratified and confirmed.
The Trustee established under the Original Bond Indenture and shall maintain and hold in trust hereunder a separate fund of the Borrower designated as the “Project Fund.” On the date of delivery of the initial Bonds, the Trustee transferred from the Project Fund to the Costs of Issuance Fund the amount specified in the application by the Issuer for authentication and delivery of the Bonds.
No amendment to the Original Bond Indenture or the Bonds effected or authorized hereby is intended to or shall extinguish any indebtedness represented thereby.
Upon execution and delivery of this Loan Agreement, the Series 2007 Note, the Mercy Lease, the Mortgage and the Bond Indenture, all defaults of any kind or character by the Hospital Corporation under the Original Loan Agreement, the Original Series 2007 Note, the Original Mortgage, or the Original Bond Indenture that occurred prior to October 31, 2013 are hereby waived in their entirety.
The Trustee hereby accepts the trusts hereby declared and provided and agrees to perform the same upon the terms and conditions set forth in the Series 2012A Original Bond Indenture, the Series 2012B Original Bond Indenture and in this First Supplemental Bond Indenture.