Common use of Issuance of the Bonds Clause in Contracts

Issuance of the Bonds. In order to provide funds for the purpose set forth in Section 3.1 hereof, the Issuer agrees that it will issue and deliver the Bonds to the purchasers thereof at a price of 100% of the aggregate principal amount of the Bonds and apply and deposit the proceeds thereof in accordance with the terms of the Indenture and Section 3.1 hereof. The Indenture shall be satisfactory in form and substance to the Company and shall provide the manner in which, and the purposes for which, proceeds of Bonds may be used and invested.

Appears in 2 contracts

Samples: Loan Agreement (New Ships, Inc.), Loan Agreement (New Ships, Inc.)

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Issuance of the Bonds. In order to provide funds for the purpose set forth in Section 3.1 hereof, the Issuer agrees that it will issue and deliver the Bonds to the purchasers thereof at a price of 100% of the aggregate principal amount of the Bonds par and apply and deposit the proceeds thereof in accordance with the terms of the Indenture and Section 3.1 hereofIndenture. The Indenture shall be satisfactory in form and substance to the County and the Company and shall provide the manner in which, and the purposes for which, proceeds of Bonds may be used and invested.

Appears in 2 contracts

Samples: Loan Agreement (Gulf Power Co), Loan Agreement (Gulf Power Co)

Issuance of the Bonds. In order to provide funds for the purpose set forth in Section 3.1 hereof, the Issuer agrees that it will issue and deliver the Bonds to the purchasers thereof at a price of 100% of the aggregate principal amount of the Bonds par and apply and deposit the proceeds thereof in accordance with the terms of the Indenture and Section 3.1 hereof. The Indenture shall be satisfactory in form and substance to the County and the Company and shall provide the manner in which, and the purposes for which, proceeds of Bonds may be used and invested.

Appears in 2 contracts

Samples: Loan Agreement (Gulf Power Co), Loan Agreement (Gulf Power Co)

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Issuance of the Bonds. In order to provide funds for the purpose set forth in Section 3.1 hereof, the Issuer agrees that it will issue and deliver the Bonds to the purchasers thereof at a price of 100% of the aggregate principal amount of the Bonds par and apply and deposit the proceeds thereof in accordance with the terms of the Indenture and Section 3.1 hereofIndenture. The Indenture shall be satisfactory in form and substance to the Company and shall provide the manner in which, and the purposes for which, proceeds of Bonds may be used and invested.

Appears in 1 contract

Samples: Loan Agreement (Gulf Power Co)

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