PID Bonds definition

PID Bonds means any bonds issued by the City in one or more series and secured in whole or in part by Assessments.

PID Bonds means special assessment revenue bonds, in one or more series, issued by the City pursuant to the PID Act for the payment of the Authorized Improvements Costs and Administrative Expenses.

PID Bonds means assessment revenue bonds, in one or more series, issued by the City pursuant to the PID Act for the payment of Authorized Improvements Costs and Administrative Expenses; PID Bonds includes Refunding Bonds.

Examples of PID Bonds in a sentence

• This process will continue until the Improvement Area #1 Reimbursement Obligation and accrued and unpaid interest is paid in full, until PID Bonds are issued in an amount sufficient to pay the unpaid Improvement Area #1 Reimbursement Obligation in full, less any amounts required for reserves and any other costs or expenses associated with issuing the PID Bonds, or until the Unpaid Balance is discharged pursuant to Section 6(b) hereof.

• Following the issuance of PID Bonds, interest will accrue from the date of delivery of the PID Bonds at the interest rate of the PID Bonds, plus any additional interest permitted by the PID Act and the Service and Assessment Plan.

• After a series of PID Bonds are issued, the City shall cause the Pledged Revenues to be deposited pursuant to the Indenture once executed.

• Under no circumstances will either payments made under this Agreement or the PID Bonds exceed the Reimbursement Obligation.

• Following the execution of the Indenture, the Bond Trustee shall pay the Improvement Area #1 Improvements Cost pursuant to executed and approved Certifications for Payment in the manner provided for in the Financing Agreement and the Indenture for PID Bonds issued for Improvement Area #1.

More Definitions of PID Bonds

PID Bonds means any bonds issued by the City, in one or more series, secured in whole or in part by an assessment levied against a parcel within the District and imposed pursuant to an assessment ordinance and the provisions in the Service and Assessment Plan, including the Bonds, any Refunding Bonds, the Improvement Area #1 Bonds, any additional bonds issued pursuant to the indenture of trust authorizing the issuance of the Improvement Area #1 Bonds and any Future Improvement Area Bonds, if any.

PID Bonds means any bonds secured by Special Assessments levied against Assessed Property within the PID that may be issued to finance Authorized Improvements, including the Major Improvement Bonds and the Improvement Area Improvement Bonds, if any.

PID Bonds means one or more series special assessment revenue bonds issued by the City pursuant to the PID Act for the payment and/or reimbursement of the Public Improvement Project Costs, including bonds issued to fund construction of the Public Improvements, and, if any, issued to reimburse the Developer for a portion of the costs of the Public Improvements, not previously funded with bond proceeds.

PID Bonds means one or more series of bonds issued by the City to finance the Authorized Improvements and secured in whole or in part by Assessments, including Annual Installments thereof.

PID Bonds means the Bonds and any other bonds issued by the City and secured by Assessments levied on Assessed Properties within the District.

PID Bonds means any bonds secured by Special Assessments levied against Assessed Property within the PID that may be issued to finance Authorized Improvements.

PID Bonds means special assessment revenue bonds authorized by the City to be issued, in one or more series, in accordance with the Act and the PFA (hereinafter defined).