Agreement to Issue Bonds. In order to provide funds for the purpose of making the Loan, the Authority agrees that it will use its best efforts to sell the Bonds and cause them to be delivered to the initial purchasers thereof and deposit the proceeds thereof with the Trustee for application in accordance with Section 5.4 of the Indenture.
Agreement to Issue Bonds. In accordance with the Indenture, the Issuer, upon the request of the Company, shall sell, issue and deliver the Series 1999 Bonds and deposit the net proceeds thereof with the Trustee; provided the conditions to such issuance as set forth in the Indenture have been satisfied with respect to the Bonds.
Agreement to Issue Bonds. The Issuer has authorized the issuance and sale of the Bonds in the principal amount of $110,950,000. Upon issuance and delivery thereof, the proceeds of the Bonds shall be deposited with the Trustee in the Refunding Fund in accordance with the Indenture.
Agreement to Issue Bonds. Application of Bond Proceeds. In order to provide funds for the payment of the cost of the acquisition, construction and installation of the Project Facilities through the refunding of the Notes, the Board agrees that it will authorize, sell and deliver the Bonds to the initial purchasers thereof. Upon receipt of the proceeds from the sale of the Bonds, the Board will deposit all accrued interest (if any) received upon the sale of the Bonds in the Bond Fund and will deposit the balance of the proceeds from said sale to the Project Fund, to be applied to the payment of the Notes upon receipt by the Trustee of Notes tendered for cancellation.
Agreement to Issue Bonds. Subject to the satisfaction (or waiver) of the conditions set forth in Clause 11.1, the Issuer agrees to issue the Bonds in the Principal Amount to the Subscriber on the date falling 21 Business Days after the Signing Date, or such other date as the Issuer and the Subscriber may agree in writing (the “Issue Date”) for completion of the subscription in accordance with Clause 12 (“Issue”).
Agreement to Issue Bonds. In order to provide funds for payment of the Cost of the Project the Issuer shall simultaneously with the execution and delivery hereof proceed with the issuance and sale of the Bonds bearing interest, maturing and having the other terms and provisions set forth in the Indenture. The obligation of the Issuer to pay for the Cost of the Project shall be limited to the proceeds in the Construction Fund derived from the sale of the Bonds in accordance with the Indenture.
Agreement to Issue Bonds. The Issuer agrees to issue the Bonds on 18 July 2019, or such later date, not being later than 25 July 2019, as the Issuer and the Managers may agree (the “Closing Date”) to the Managers or as they may direct. The Bonds will be subscribed at a price equal to 99.572 per cent. of the principal amount of the Bonds (the “Issue Price”) plus accrued interest, if any from 11 July 2019 to the Closing Date subject to the adjustments referred to in Clauses 9 and 10.
Agreement to Issue Bonds. The Issuer has authorized the issuance and sale of the Bonds in the principal amount of $22,095,000. Upon issuance and delivery thereof, the proceeds of the Bonds shall be deposited with the Trustee in the Refunding Fund (except for proceeds which represent accrued interest, if any) in accordance with the Indenture. The Issuer does not make any warranty, either express or implied, that the proceeds of the Bonds will be sufficient to effectuate the refunding of the principal of the Prior Bonds.
Agreement to Issue Bonds. APPLICATION OF BOND PROCEEDS. In order to provide funds to lend to the Company to refund the Prior Bonds as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the Underwriter, its Bonds in the aggregate principal amount of $13,000,000, bearing interest and maturing as set forth in the Indenture. The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the accrued interest, if any, paid by the Underwriter; and (2) $13,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee for deposit in the Prior Bond Fund to be used to pay to the owners thereof the principal of the Prior Bonds upon redemption thereof.
Agreement to Issue Bonds. Subject to the representations and warranties of the Investor set forth in Clause 3.2 (Representations and Warranties from the Investor) being true, accurate and correct in all material respects (except for those representations and warranties that are conditioned by materiality, which shall be true and accurate in all respects) on the date hereof and on the Closing Date, the Issuer agrees to issue to the Investor the Bonds in the principal amount equal to USD [•] on the 11 August 2023 (the “Closing Date”), or such other date as the Issuer and the Investor may otherwise agree; provided that such date shall not be later than 18 August 2023, for completion of the issue and subscription of the Bonds in accordance with both Clause 6.1 (Issue of the Bonds) and Clause 6.2 (Payment) (“Closing”). The Issuer may though, if there will be an oversubscription, reduce the subscription in its sole discretion, and shall notify the Investor of such reduction no later than 31 July 2023.
