Examples of Bond Payments in a sentence
No such amendment shall have a material adverse effect on the ability of the City to make the Bond Payments.
Provided that sufficient funds have been provided to the Paying Agent to cover the Bond Payments, the Paying Agent shall, on behalf of the Issuer and the Borrower, hold and invest the Financing Lease Payments received from the School Board in the Commonwealth of Virginia State Non-Arbitrage Program and then use such amounts to pay the Bond Payments to the owner or holder of the Bond on the dates such Bond Payments are due.
The School Board hereby agrees, subject to the terms of the Financing Lease, to make all Financing Lease Payments, consisting of those payments set forth in Section 6.1(a) and (b) of the Financing Lease, in amounts sufficient to cover the Bond Payments, directly to the Paying Agent no later than thirty (30) calendar days prior to the date the Bond Payments are due and owing.
The authority to issue the Bonds issued pursuant to the Act and the administration of the Bond Payments is provided for in Section 3 hereof.
Section 4.1. Granting of Leasehold Estate to Sponsors 16 Section 4.2. Subleasing of Project to Authority 16 Section 4.3. Term of Agreement 17 Section 4.4. Bond Payments 17 Section 4.5. Additional Payments 17 Section 4.6. Sponsors’ Covenants to Request Appropriations 18 Section 4.7. Sponsor Payments; Contingency 20 Section 4.8. Limited Obligations 20 Section 4.9. Assignment of Authority’s Rights 20 Section 4.10.