Common use of Issuance of the Bonds Clause in Contracts

Issuance of the Bonds. As described herein, the City will issue the Bonds under the Act for the purpose of paying Project Costs. In connection with the issuance of the Bonds and the payment of Project Costs from the proceeds of the Bonds, the City will acquire the fee simple interest in the Project Site at the time of the issuance of the Bonds and will acquire title to the Project Improvements and the Project Equipment as acquired and constructed.

Appears in 2 contracts

Samples: Performance Agreement, Performance Agreement

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Issuance of the Bonds. As described herein, the City will intends to issue the Bonds (to be purchased by the Company) under the Act for the purpose of paying a portion of the Project Costs. In connection with the issuance of the Bonds and the payment of Project Costs from the proceeds of the Bonds, the City will acquire the fee simple initially obtain a leasehold interest in the Project Site at pursuant to the time Base Lease and, subsequently, as of the issuance of the Bonds and will Transfer Date, acquire fee title to the Project Improvements and the Project Equipment as acquired and constructedProject.

Appears in 1 contract

Samples: Performance Agreement

Issuance of the Bonds. As described hereinin the Lease Agreement, the City will issue the Bonds under the Act for the purpose of paying Project Costs. In connection with the issuance of the Bonds and the payment of Project Costs from the proceeds of the Bonds, the City will acquire the fee simple interest in the Project Site at the time of the issuance of the Bonds and will acquire title to the Project Improvements and the Project Equipment as acquired and constructed.

Appears in 1 contract

Samples: Performance Agreement

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Issuance of the Bonds. As described herein, the The City will intends to issue the Bonds under the Act for the purpose purposes of paying the Project Costs. In connection with the issuance of the Bonds and the payment of Project Costs from the proceeds of the Bonds, the City will acquire the fee simple interest in the Project Site at the time of the issuance of the Bonds and will shall acquire title to the Project Improvements and the Project Equipment as acquired and constructedEquipment.

Appears in 1 contract

Samples: Performance Agreement

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