Series Resolution definition
Examples of Series Resolution in a sentence
The Authority has complied with all of the provisions of the Constitution and laws of the State, including the Act, and has full power and authority to consummate all transactions contemplated by this Agreement, the Servicing Agreement, the Bonds, the General Bond Resolution, each Series Resolution, and any and all other agreements, documents and instruments relating thereto.
To the extent permitted by law and approved by the voters (if a vote is required), the Borrower may, in a Series Resolution, pledge to the payment of the TIFIA Bond the Sales Tax in excess of the then applicable Sales Tax Rate, the Rental Car Tax in excess of the then applicable Rental Car Tax Rate and any other tax authorized by law.
Except as otherwise provided herein, each of the Class A Common Stock, the Class B Common Stock, the Class C Common Stock, the Class D Common Stock and the Class V Common Stock shall rank on a parity with each other, and, except as otherwise provided in any Preferred Stock Series Resolution, each of the Class A Common Stock, the Class B Common Stock, the Class C Common Stock, the Class D Common Stock and the Class V Common Stock shall rank junior to the Preferred Stock.
The Authority may by Series Resolution provide for the appointment of a Fiduciary (which may be the Trustee) to represent the Holders of Notes or Subordinate Bonds, having powers and duties not inconsistent herewith or with the Act.
The Authority shall give S&P prior notice of each issue of Bonds or Notes, with a copy of the proposed Series Resolution; and shall not, without Rating Confirmation from S&P, guarantee any indebtedness of any party.