Permitted CCDA Transaction definition
Permitted CCDA Transaction means (a) in one transaction or a series of substantially simultaneous transactions, (i) the sale to CCDA of the Real Estate and Equipment described on Part A of Schedule 1.1 - CCDA Bond Property hereto, subject to the Security Interest, (ii) the lease by the Borrower of such CCDA Bond Property pursuant to the CCDA Lease, (iii) the purchase by the Borrower of [$14,000,000] original principal amount (or such lesser principal amount as CCDA shall issue in connection with its purchase of such CCDA Bond Property) of Catoosa County Bonds and (iv) consummation of the related transactions contemplated by the Catoosa County Bond Indenture in connection with the sale and purchase of such CCDA Bond Property, and (b) any subsequent transaction approved by the Required Lenders in which the Borrower leases property from CCDA (whether or not the property was first conveyed by the Borrower to CCDA) pursuant to the CCDA Lease and substantially contemporaneously purchases Catoosa County Bonds.
Examples of Permitted CCDA Transaction in a sentence
CCDA Bond Property means Real Estate and Equipment described on Schedule 1.1 - CCDA Bond Property and such additional property as may become subject to the CCDA Lease from time to time as a result of a Permitted CCDA Transaction.
Subject to the provisions of Section 3, the Required Lenders hereby consent to the transaction described in clause (a) of the definition "Permitted CCDA Transaction" contained in the Loan Agreement as amended by this Amendment (the "First Ringgold Transaction").