Examples of Second Supplement in a sentence
In the Second Supplement to Lease Agreement (the “Second Supplement to Lease”) between the County and the Corporation dated as of July 1, 2014, the County, pursuant to the Enabling Act, granted a pledge of and lien on the Hospitality Tax revenues to secure the payment of the Lease Rentals under the Lease Agreement in order to provide additional security for all Certificates issued under the Trust Agreement.
The Series 2014 Certificates evidence assignments of proportionate undivided interests in rights to receive Revenues under the Original Lease Agreement as supplemented by the Second Supplement to Lease Agreement.
So long as Cede & Co., as nominee of DTC, is the registered owner of the Series 2014 Certificates, references in this Second Supplement to Trust Agreement to the Certificateholders or registered owners of the Series 2014 Certificates shall mean Cede & Co. and shall not mean the Beneficial Owners.
All words and phrases defined in Article I of the Original Lease Agreement and in Article I of the Original Trust Agreement, and not otherwise defined herein, shall have the same meaning in this Second Supplement to Trust Agreement.
As a result of the pledge of and lien on the Hospitality Tax revenues granted under the Second Supplement to Lease, the payment of Base Rent and Additional Rent under the Lease Agreement is not subject to annual appropriation by the County Council.