Issuance of Refunding Bonds Sample Clauses

Issuance of Refunding Bonds. Refunding Bonds may be issued by the Authority in accordance with the provisions of Section 2.13 of the General Indenture and with a corresponding effect on the Base Rentals and Additional Rentals due under this Master Lease as provided in Section 4.4 hereof.
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Issuance of Refunding Bonds. (A) Refunding Bonds may be authorized and issued by the Authority without compliance with the provisions of Sections 3.02(D) or 3.03(C); provided that the Trustee shall have been provided with a certificate of a Consultant to the effect that Maximum Annual Debt Service on all Bonds Outstanding and all Parity Obligations outstanding following the issuance of such Refunding Bonds is less than or equal to Maximum Annual Debt Service on all Bonds Outstanding and all Parity Obligations outstanding prior to the issuance of such Refunding Bonds. Such Refunding Bonds may be issued in an aggregate principal amount sufficient (together with any additional funds available or to become available) to provide funds for the payment of all or a portion of the following:
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Issuance of Refunding Bonds. In the event the Annual Project Costs to the Participants for the Project may be reduced by the refunding of any of the Bonds then outstanding or in the event it shall otherwise be advantageous, in the opinion of the Authority, to refund any Bonds, the Authority may issue and sell Additional Bonds to refund outstanding Bonds to be secured by assignment of the payments to be made by the Participants under their respective intergovernmental agreements relating to such Bonds. The Participants agree to participate with the Authority in the issuance and sale of such Bonds to the same extent as Bonds issued to finance Costs of the Project.
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Issuance of Refunding Bonds. Parity Debt ("Refunding Bonds") may be authorized and issued by the Agency without compliance with the provisions of Section 3.05 to refund all or a portion of any Parity Debt; provided that Maximum Annual Debt Service on all Parity Debt outstanding following the issuance of such Refunding Bonds is less than or equal to Maximum Annual Debt Service on all Parity Debt outstanding prior to the issuance of such Refunding Bonds. 637768.DOC 3/11/2010
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Issuance of Refunding Bonds. (A) Refunding Bonds may be authorized and issued by the Authority without compliance with the provisions of Sections 3.02(D) or 3.03(C); provided that the Trustee shall have been provided with a certificate of a Consultant to the effect that Maximum Annual Debt Service on all Junior Subordinate Bonds Outstanding and all Junior Subordinate Obligations outstanding following the issuance of such Refunding Bonds is less than or equal to Maximum Annual Debt Service on all Junior Subordinate Bonds Outstanding and all Junior Subordinate Obligations outstanding prior to the issuance of such Refunding Bonds. Such Refunding Bonds may be issued in an aggregate principal amount sufficient (together with any additional funds available or to become available) to provide funds for the payment of all or a portion of the following:
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Issuance of Refunding Bonds. The Issuer hereby acknowledges its intent (i) to refinance the Bonds on or prior to June 1, 2020 or such other date as the parties agree, with refunding bonds secured by the same security as the Bonds and maturing 30 years after the date of such refinance, (ii) to use the proceeds of the refunding bonds to pay the outstanding principal of and any accrued interest on the Bonds, (iii) to issue the refunding bonds in a tax-exempt series and a taxable series, to the extent portions of the Project as completed are eligible for tax-exempt financing and (iv) to use the proceeds of the refunding bonds to pay any other costs or reimbursable amounts as provided for in the Indenture.
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Issuance of Refunding Bonds. So long as the Master Lease is in effect and no Event of Default under the Indenture or the Master Lease has occurred and is continuing and so long as no Event of Nonappropriation has occurred and is continuing, one or more Series of Refunding Bonds may be issued, authenticated and delivered for the purpose of refunding Bonds or other obligations of the Authority. The Refunding Bonds may be issued in one or more Series, shall be authenticated by the Trustee and, upon payment to the Trustee of the proceeds of said sale of Refunding Bonds, they shall be delivered by the Trustee to or upon the order of the purchasers thereof, but only upon satisfaction of the conditions specified in Section 2.4 hereof and there being filed with the Trustee:‌
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Issuance of Refunding Bonds. It is determined to be necessary to, and the Issuer shall, issue, sell and deliver $22,220,000 principal amount of Refunding Bonds to provide funds to refinance the costs of the Project and to refinance certain costs of issuance of the Prior Bonds. The Refunding Bonds shall be designated the "City of Gary, Indiana Adjustable Rate Economic Development Revenue Refunding Bonds, Series 1996 A (The Xxxxxx Partnership, L.P. Project)", in the principal amount of $20,540,000 to refinance the costs of the Project, and the "City of Gary, Indiana Taxable Adjustable Rate Economic Development Revenue Refunding Bonds, Series 1996 B (The Xxxxxx Partnership, L.P. Project)", in the principal amount of $1,680,000 to refinance the costs of issuance of the Prior Bonds and a portion of the costs of the Project. The Refunding Bonds shall be issuable, unless a Supplemental Indenture shall have been executed and delivered pursuant to Section 8.02(g) hereof, only in fully registered form, substantially as set forth in Exhibit A to this Indenture; shall be numbered A-1 and upward (with respect to the Series 1996 A Bonds) and B-1 and upward (with respect to the Series 1996 B Bonds); shall be in the denominations of $100,000 and integral multiples of $5,000 in excess thereof; shall be subject to optional and mandatory redemption in the amounts, upon the conditions, and at the times and prices set forth herein; and shall be dated as of the date of their initial delivery. Upon any exchange or transfer and surrender of any Refunding Bond in accordance with the provisions hereof, the Issuer shall execute and the Authenticating Agent shall authenticate and deliver one or more new Refunding Bonds in exchange therefor as provided herein. The Refunding Bonds shall be originally issued only to a Depository to be held in a book entry system and: (i) the Refunding Bonds shall be registered in the name of the Depository or its nominee, as Bondholder, and immobilized in the custody of the Depository; (ii) unless otherwise requested by the Depository, there shall be a single Bond certificate for each Bond maturity; and (iii) the Refunding Bonds shall not be transferable or exchangeable, except for transfer to another Depository or another nominee of a Depository, without further action by the Issuer. The owners of beneficial interests in the Refunding Bonds shall not have any right to receive Refunding Bonds in the form of physical certificates. So long as a Book Entry System is in effect for the ...
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Related to Issuance of Refunding Bonds

  • Refunding Bonds In the event that an offer shall be made by an obligor of any of the Bond in a Trust to issue new obligations in exchange and substitution for any issue of Bonds pursuant to a plan for the refunding or refinancing of such Bonds, the Depositor shall instruct the Trustee in writing to reject such offer and either to hold or sell such Bonds, except that if (1) the issuer is in default with respect to such Bonds or (2) in the opinion of the Depositor, given in writing to the Trustee, the issuer will probably default with respect to such Bonds in the reasonably foreseeable future, the Depositor shall instruct the Trustee in writing to accept or reject such offer or take any other action with respect thereto as the Depositor may deem proper. Any obligation so received in exchange shall be deposited hereunder and shall be subject to the terms and conditions of this Indenture to the same extent as the Bonds originally deposited hereunder. Within five days after such deposit, notice of such exchange and deposit shall be given by the Trustee to each Unitholder of such Trust, including an identification of the Bonds eliminated and the securities substituted therefor.

  • Issuance of the Bonds The Authority shall issue the Bonds under and in accordance with the Indenture, subject to the provisions of the bond purchase agreement among the Authority, the initial purchaser or purchasers of the Bonds and the Company. The Company hereby approves the issuance of the Bonds and all terms and conditions thereof.

  • Issuance of Bonds Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Issuance of Additional Notes The Company may, subject to Article Four of this Indenture, issue additional Notes under this Indenture. The Notes issued on the Closing Date and any additional Notes subsequently issued shall be treated as a single class for all purposes under this Indenture.

  • Issuance of Additional Securities Such Grantor will not permit or suffer the issuer of an Equity Interest constituting Pledged Collateral owned by it to issue additional Equity Interests, any right to receive the same or any right to receive earnings, except to such Grantor.

  • Issuance of the Notes The Notes have been duly authorized and, at the Closing Time, will have been duly executed and, when authenticated, issued and delivered in the manner provided for in the Indenture and delivered against payment of the purchase price therefor as provided in this Agreement, will constitute valid and binding obligations of the Trust, enforceable against the Trust in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the benefits of, the Indenture.

  • Issuance of the Capital Securities On [ ], the Depositor, both on its own behalf and on behalf of the Issuer Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2, 5.3 and 8.9(a) and deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters or a representative thereof, evidencing [ ] Capital Securities having an aggregate Liquidation Amount of $ [ ], against receipt of the aggregate purchase price for such Capital Securities of $ [ ] by the Property Trustee.

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