Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide for the refunding of an equal outstanding principal amount of the 1994 Bonds, maturing January 15, 2004, the Authority agrees that it will issue and sell its Bonds in the aggregate principal amount of $19,975,000 and will cause them to be delivered to their purchasers. The Bonds shall bear interest and mature as set forth in the Indenture. The Authority will loan the proceeds received from the sale of the Bonds to the Company by depositing the proceeds with the Trustee in accordance with Section 701 of the Indenture.
Agreement to Issue Bonds; Application of Bond Proceeds. (a) To provide funds to finance Costs of the Project and Costs of Issuance, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds. The Issuer will thereupon apply the proceeds received from the sale of the Bonds as provided herein and in the Indenture.
Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Borrower to finance part of the Cost of the Project as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture and sell and cause to be delivered to the Initial Purchaser thereof the Bonds in an aggregate principal amount not to exceed $56,000,000, each 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 provided in Section 2.02(e) of the Indenture.
Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a portion of 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 $40,000,000, 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) $40,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture for deposit in the Prior Bond Fund to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.
Agreement to Issue Bonds; Application of Bond Proceeds. (a) To provide funds to finance costs of the Project, the Authority agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds. Project Costs shall be financed through the issuance of the Initial Bonds and Additional Bonds issued and delivered from time to time as set forth in Section 2.13 of the Indenture. The Authority will thereupon apply the proceeds received from the sale of the Initial Bonds and any Additional Bonds as provided herein and in the Indenture. Upon the issuance of and in connection with any Additional Bonds, the Company shall satisfy, or cause the satisfaction of, all requirements of Section 2.13 of the Indenture.
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 related Underwriter, each series of the Bonds in the total aggregate principal amount for all such series of $80,000,000 as set forth in the Indenture. The Issuer will thereupon apply the proceeds received from the sale of the Bonds as provided in Section 3.02 of the Indenture.
Agreement to Issue Bonds; Application of Bond Proceeds. To provide funds to enable the Borrower to refinance a portion of the cost of the Project by prepaying the Prior Loan, the City agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds, bearing interest as provided and maturing on the date set forth in the Indenture. The City will thereupon apply the proceeds received from the sale of the Bonds as provided in Section 3.02 of the Indenture.
Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a like principal amount of 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 Underwriters its Bonds in the aggregate principal amount of $51,000,000, 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 Underwriters; and (2) the balance of the proceeds from the sale of the Bonds with the Trustee for transfer to the Prior Trustee for deposit in the Prior Bond Funds in the manner provided in the Indenture to be used to pay to the owners thereof the principal of the Prior Bonds upon redemption thereof.
Agreement to Issue Bonds; Application of Bond Proceeds. (a) To provide funds to finance costs of the Project, the Authority agrees that it will issue under the Indenture, sell and cause to be delivered to the purchasers thereof, the Bonds. The Authority will thereupon apply the proceeds received from the sale of the Bonds as provided in the Indenture.
Agreement to Issue Bonds; Application of Bond Proceeds. The Issuer, concurrently with the execution and delivery of this Financing Agreement, will issue, sell and deliver the Bonds and will deposit the proceeds thereof with the Trustee. In accordance with the Indenture, the Trustee will deliver or will cause the Underwriter to deliver all of such proceeds to the Prior Bonds Trustee to be applied, together with other moneys provided by the Company, to defease and redeem the Prior Bonds in full and discharge the Prior Indenture.
