Examples of District Obligations in a sentence
Additional District Obligations may also be issued from time to time, subject to the limitations of the District Indenture, for the purpose of financing and/or refinancing the Project.
UIPA hereby assigns to the District all of its right, title and interest in and to the UIPA Pledged Revenues and pledges the same to the District for the purpose of paying and securing the Series 2021 Bonds and any other District Obligations.
The District hereby acknowledges and agrees that the completion of the Project provides benefits to the District’s property owners and taxpayers, and in consideration of the issuance of the Series 2021 Bonds by UIPA for purposes of financing the Project, the UIPA agrees to pay the UIPA Pledged Revenues to the District exclusively for the purpose of paying and securing the Series 2021 Bonds and any additional District Obligations.
This Agreement shall become effective on the Effective Date and shall remain in effect until the Agreement Termination Date unless earlier terminated pursuant to mutual written agreement of UIPA and the District; provided, however, that if any District Obligations are Outstanding, any such earlier termination of this Agreement shall be subject to the applicable provisions of all Indenture then in effect.
The District hereby directs the Paying Agent to comply with the provisions of Section 22-41-110, C.R.S., and the State Treasurer’s Policy Concerning the Timely Payment of School District Obligations in order to assure that the principal of and interest on the Bonds are paid when due.