Use of Bond Proceeds. The City will apply, or cause to be applied, the proceeds from the sale of the Bonds as provided in and subject to all of the terms and provisions of the Indenture and will not take or omit to take any action which action or omission will adversely affect the exclusion from gross income for federal income tax purposes of the interest on the Bonds.
Use of Bond Proceeds. No Bond Proceeds were used to acquire any security in any transaction which is subject to Sections 13 and 14 of the Securities Exchange Act of 1934.
Use of Bond Proceeds. The Authority shall deposit the proceeds from the sale of the Bonds with the Trustee to be expended and deposited all in accordance with the provisions of the Indenture.
Use of Bond Proceeds. (a) The Borrower shall use the proceeds of the Bonds solely to finance the Project, as follows: (i) $1,517,216.46 to finance the Construction or acquire and renovate the 0000 Xxxxx Xxxx Facility; (ii) $2,033,400.05 for purchase of equipment; and (iii) $149,383.49 to pay a portion of costs and expenses of the Bonds.
Use of Bond Proceeds. The Company used the proceeds of the Bonds for the purposes set forth in the Operative Documents. No part of the proceeds of the Bonds were used, whether directly or indirectly, for any purpose that violated any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulations T, U or X.
Use of Bond Proceeds. The proceeds of the bonds of each issue shall not be used other than to pay, renew or refund bonds or to pay all or part of the cost of financing, refinancing or reimbursing health-related projects or to make loans to participating health care providers, banks, savings and loan associations or other entities in order to directly or indirectly finance, refinance or reimburse the cost of the health-related projects for which such bonds have been authorized. At the option of the council, the proceeds of each issue may be deposited to a reserve fund for the bonds; provided that the council may be paid, out of money from the proceeds of the sale and delivery of its bonds, the council's out-of-pocket expenses and costs in connection with the issuance, sale and SB 342 delivery of such bonds."
Use of Bond Proceeds. The parties hereto agree that the proceeds of the Bonds will be used to (i) provide financing for the costs of the Project; (ii) [fund the Reserve Account][purchase a municipal bond debt service reserve insurance policy for deposit in the Reserve Account for the Bonds]; (iii) purchase a municipal bond insurance policy to guarantee the payment of principal of and interest on the Bonds; and (iv) pay costs of issuance of the Bonds and incidental and related expenses, as more fully set forth in the Trust Agreement.
Use of Bond Proceeds. Bonds may be issued to provide for: (a) the payment of costs of acquiring, constructing, improving, enlarging, renovating and equipping Qualified Educational Facilit ies,
Use of Bond Proceeds. (a) Subject to compliance by the Issuer and the Institution with the terms and conditions of this Bond Purchase Agreement and the Tax Compliance Agreement, the Bond Proceeds shall be deposited by the Purchaser in the Project Fund (or into a title escrow, as provided in Section 4.01 hereof) for the purpose of paying Project Costs on or about the Closing Date including without limitation, as set forth in Requisition No.1 included in the transcript of proceedings; provided however that a portion of the proceeds of the Series 2021A Bonds deposited in the Project Fund shall be used to pay certain costs and expenses incidental to the issuance of the Bonds.
Use of Bond Proceeds. Issuer covenants that upon receipt of the Written Request of the Company pursuant to Section 4.3(b) of the Indenture, and after review and approval of the Written Request by the City Controller, the Trustee shall distribute sums for Costs of Construction of the Project as those costs are incurred until the Trustee has distributed, the aggregate total amount of Dollars ($ ). All of the foregoing is for the benefit of the holders of the Series 2019 Bonds, to the end that industry and the economy may be diversified and job opportunities promoted and retained.
