Economic Development Bonds definition

Economic Development Bonds means any industrial revenue bonds, economic development bonds or other similar notes, debentures or instruments issued by or on behalf of a governmental entity, unit or authority for the benefit of the Company or a Subsidiary for the purpose of financing or refinancing Property (including by means of a sale and leaseback or similar transaction involving Property of the Company or a Subsidiary).
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Economic Development Bonds means all types of Bonds subject to the ceiling other than Industrial Bonds, Housing Bonds, and Student Loan Bonds;
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Economic Development Bonds means the bond program authorized by the General Assembly for the purpose of promoting economic development within the state.
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Examples of Economic Development Bonds in a sentence

  • The Bonds are being issued for the purpose of providing funds to refund, on a current basis, $10,000,000 aggregate principal amount Economic Development Bonds (Burlington Coat Factory Warehouse of New Jersey, Inc.

  • Additionally, G&L Industries authorized First-Citizens to draw sums under the Economic Development Loan Agreement Credit Facility pursuant to the terms of the Economic Development Bonds Indenture.

  • As of the Petition Date, the amount of the Economic Development Bonds Letter of Credit was approximately $5.55 million.

  • Further, G&L Industries is also responsible for the payment of certain reasonable fees and expenses related to the issuance of the Economic Development Bonds.

  • In addition, under the Economic Development Loan Agreement, G&L Industries has covenanted to pay the purchase price of the Economic Development Bonds by delivery of the Economic Development Loan Agreement Credit Facility simultaneously with the original delivery of the Economic Development Bonds for the benefit of the holders of those bonds.

  • The payment of interest accruing under the Economic Development Bonds after February 19, 2002 is stayed in connection with the Filings.

  • Subsequently, in a letter dated April 25, 2002 (the “April 25th Letter”), First-Citizens informed G&L Industries that it would be drawing upon the Economic Development Bonds Letter of Credit in order to make a scheduled interest payment in the amount of $18,422.88.

  • The South Carolina Jobs-Economic Development Authority, an agency of the State of South Carolina (the “South Carolina Agency”), issued tax-exempt Economic Development Bonds in the original principal amount of $7.2 million (the “Economic Development Bonds”), pursuant to the terms of an Indenture Trust dated as of May 1, 1994 (the “Economic Development Bonds Indenture”), between the South Carolina Agency and First-Citizens Bank & Trust Company (“First-Citizens”).

  • As of November 1, 2003, the balance of the Economic Development Bonds Letter of Credit was approximately $4,835,000.

  • In a letter dated February 22, 2002 (the “February 22nd Letter”), First-Citizens informed Wachovia that G&L Industries’ filing for Chapter 11 bankruptcy protection qualified as an “Event of Default” under the Economic Development Bonds Indenture.


More Definitions of Economic Development Bonds

Economic Development Bonds means bonds described in 26 USC 142(a), 144(a) and 144(c). “Economic development bonds” does not include multi−family housing bonds.
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Economic Development Bonds means those bonds to be issued by the City, which will yield Five Million Two Hundred Thousand Dollars ($5,200,000) to the Developer to pay part of the costs of the Project, the flow chart for which is attached hereto as Exhibit E.
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Economic Development Bonds or "bonds" means bonds, notes or
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Economic Development Bonds means the bond program authorized by the General
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Economic Development Bonds means the bond program authorized by the General
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Related to Economic Development Bonds

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Economic development incentive means a financial incentive,

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Global Development Plan has the meaning set forth in Section 3.1.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Common interest development means any of the following:

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Design Development Documents means the Drawings, Specifications and other documents prepared by the Trade Contractor that establish and describe the size and character of the Trade Contractor Work as to architectural, civil, structural, mechanical and electrical systems, graphics and signage, and other elements, and which include typical construction details, equipment layouts and specifications that identify major materials and systems.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Development Project means a project for the development of land within a

  • Development Phase means the period before a vehicle type is type approved.

  • Joint Development Committee or “JDC” has the meaning set forth in Section 3.10.

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;