Authorization of Bonds Sample Clauses

Authorization of Bonds. (a) 2013A Bonds in the aggregate principal amount of $ and 2013B Bonds in the aggregate principal amount of $ are hereby authorized to be issued by the Successor Agency under and subject to the terms of this Indenture, the Health and Safety Code and the Act. The Bonds shall be designated the “Successor Agency to the ▇▇▇▇▇▇ ▇▇▇▇ Redevelopment Agency, Refunding Revenue Bonds, Series 2013A” and the “Successor Agency to the ▇▇▇▇▇▇ ▇▇▇▇ Redevelopment Agency, Refunding Revenue Bonds, Series 2013B (Taxable),” respectively. This Indenture constitutes a continuing agreement with the Trustee for the benefit of the Owners of all of the Bonds of each Series hereunder and then Outstanding to secure the full payment of the principal of and interest or redemption premium (if any) on all Bonds which may from time to time be executed and delivered hereunder, subject to the covenants, agreements, provisions and conditions herein contained. In connection with the refunding of the Prior Bonds, Section 3.2 hereof provides for the deposit of a portion of the proceeds of the Bonds in the Escrow Fund, which together with other moneys held under the Prior Indenture, will be used to refund the Prior Bonds and defease the Prior Indenture. Upon delivery of the Bonds hereunder, such sums are to be deposited and to be used as provided in this Indenture and the Escrow Agreement. (b) The Bonds shall be and are special obligations of the Successor Agency and are secured by an irrevocable pledge of, and are payable as to principal, interest and premium, if any, from Pledged Tax Revenues and other funds as hereinafter provided. Upon receipt by the Trustee in the then-current Bond Year of all amounts required to be deposited in the funds and accounts pursuant to this Indenture, any remaining Pledged Tax Revenues held by the County-Auditor Controller shall be released from the lien of this Indenture. The Bonds, interest and premium, if any, thereon are not a debt of the City, the County, the State or any of its political subdivisions (except the Successor Agency), and none of the City, the County, the State nor any of its political subdivisions (except the Successor Agency) is liable thereon. The Bonds, interest thereon and premium, if any, are not payable from any funds or properties other than those set forth in this Indenture. Neither the members of the Successor Agency Board, the Oversight Board, the County, the Board of Supervisors of the County nor any persons executing the Bonds is lia...

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.27% Series due June 15, 2048 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The ▇▇▇▇▇ National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June 1, 2018 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require.

Authorization of Bonds. The Company will authorize the issue and sale of (i) $100,000,000 aggregate principal amount of its 5.18% First Mortgage Bonds, Series 2024A, Tranche A due 2034 (the “Series 2024A Tranche A Bonds”), (ii) $60,000,000 aggregate principal amount of its 5.28% First Mortgage Bonds, Series 2024A, Tranche B due 2036 (the “Series 2024A Tranche B Bonds” and together with the Series 2024A Tranche A Bonds, the “Series 2024A Bonds”) and (iii) $165,000,000 aggregate principal amount of its 5.69% First Mortgage Bonds, Series 2025A, Tranche A due 2055 (the “Series 2025A Bonds” and together with the Series 2024A Bonds, the “Bonds”). The Bonds are to be issued under and will be entitled to the benefit of and secured by that certain Amended and Restated Indenture of Mortgage and Deed of Trust dated as of January 1, 2023, as amended and supplemented by the First Supplemental Indenture dated as of March 15, 2023 and the Second Supplemental Indenture dated as of October 13, 2023 (the “Amended and Restated Mortgage”) between the Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company) (the “Trustee”) as to be amended and supplemented by a third supplemental indenture relating to the Series 2024A Bonds (the “Third Supplemental Indenture”) and a fourth supplemental indenture relating to the Series 2025A Bonds (the “Fourth Supplemental Indenture” and, together with the Third Supplemental Indenture, collectively, the “Supplemental Indenture”) (such Amended and Restated Mortgage as to be so further amended and supplemented by the Third Supplemental Indenture and the Fourth Supplemental Indenture being hereinafter referred to as the “Indenture”). The Third Supplemental Indenture and the Fourth Supplemental Indenture shall be substantially in the forms set out in Exhibit A and Exhibit B hereto, respectively, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. The term “Bonds” shall include any such Bonds of the same series and tranche issued in substitution therefor pursuant to the terms and provisions of the Indenture. The Bonds, as applicable, shall be substantially in the respective forms set out in the Third Supplemental Indenture and the Fourth Supplemental Indenture, respectively, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the meaning ascribed to such terms in the Indenture unless otherwise defined in Schedule A...

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 2.53% Series due June 9, 2030 (the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated as of October 1, 1943 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The New York Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the One Hundred and Twenty-Third Supplemental Indenture, dated as of June 1, 2020 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require.

Authorization of Bonds. On or before the Issuance Date, the Bond Issuer shall have caused to be authorized pursuant to the Bond Indenture the issuance of the Bonds in such tranches and principal amounts as set forth in Schedule 1(a) attached hereto and incorporated herein by this reference.

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.49% Series due June 1, 2051 (herein referred to as the “3.49% Series due June 1, 2051 Bonds”) in an aggregate principal amount of $75,000,000, to bear interest at the rate of 3.49% per annum, and to mature on June 1, 2051, (ii) First Mortgage Bonds, 3.54% Series due June 1, 2055 (herein referred to as the “3.54% Series due June 1, 2055 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.54% per annum, and to mature on June 1, 2055, and (iii) First Mortgage Bonds, 3.55% Series due June 1, 2056 (herein referred to as the “3.55% Series due June 1, 2056 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.55% per annum, and to mature on June 1, 2056 (the 3.49% Series due June 1, 2051 Bonds, the 3.54% Series due June 1, 2055 Bonds, and the 3.55% Series due June 1, 2056 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-seven supplemental indentures and as further supplemented by the Fifty-eighth Supplemental Indenture dated as of March 15, 2020 (such Fifty-eighth Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-six supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. There shall be issued under and secured by this Agreement, Bonds of the Authority in the aggregate initial principal amount of THIRTY MILLION DOLLARS ($30,000,000) for the purpose of providing funds, together with other available funds for: (i) constructing and equipping a 22,200 square foot golf club house, a 5,600 square foot beach club house and other related facilities, as well as an 18-hole championship golf course known as the Flamboyan Course; (ii) refurbishing an 18-hole golf course known as the Palm Course; (iii) making a deposit to a working capital reserve fund required by the Initial Letter of Credit Issuer; and (iv) the payment of other costs, expenses and fees incurred in connection with the issuance of the Bonds. The Bonds shall be designated "Tourism Revenue Bonds, Two thousand (2000), Series A (Palmas del Mar Country Club Project), shall be dated the Date of Issuance and shall be numbered from RA-one (1) upwards. The interest rate or rates, maturity dates, amounts of the Bonds maturing on such dates, and the Amortization Requirements for the Term Bonds shall be as provided in one or more resolutions of the Board of Directors of the Authority authorizing the issuance thereof, which maturity dates and amounts may be supplemented or changed in a certificate executed by the Executive Director or the Assistant Executive Director of the Authority executed on the date of issuance of the Bonds or in the Contract of Purchase delivered by the Underwriter and executed by any such officer of I the Authority, as applicable, if provided for in said resolution or resolutions. ---The Bonds shall be executed substantially in the form and manner set forth in Exhibit A and shall be deposited with the Trustee for authentication, but before the Bonds shall be delivered by the Trustee, there shall be filed with the Trustee the following: -----(a) a copy, certified by the Secretary or any Assistant Secretary of the Authority, of the resolution of the Authority authorizing the issuance of and awarding such Bonds, specifying the interest rate or rates for the Bonds, authorizing the execution of the Loan Agreement, the Security Agreements and this Agreement, designating the Trustee and directing the authentication and delivery of the Bonds to or upon the order of the purchasers mentioned therein upon payment of the purchase price therein set forth and the accrued interest, if any, on said Bonds; -----(b) an executed counterpart of the Loan Agreement; -----(c) an ex...

Authorization of Bonds. There are hereby authorized to be issued Bonds of the Corporation to be designated as "Sales Tax Securitization Bonds," and there is hereby created a continuing pledge and lien as provided hereby to secure the payment of the principal and Redemption Price of and interest on all Outstanding Bonds. The Bonds shall be special obligations of the Corporation payable solely from the Trust Estate in the manner more particularly provided herein. The aggregate principal amount of Bonds which may be executed, authenticated and delivered is not limited except as provided hereby. The Bonds may, if and when authorized by the Corporation pursuant hereto and to one or more Supplemental Indentures, be issued in one or more Series and the Bonds of each Series shall contain an appropriate Series designation. The Bonds shall not constitute an indebtedness or an obligation of the City, the State or any subdivision thereof within the purview of any constitutional or statutory limitation or provision or a charge against the general credit or taxing powers, if any, of any of them but shall be payable solely from the Sales Tax Revenues deposited with the Trustee.

Authorization of Bonds. The Company has authorized the issue and sale of $30,000,000 aggregate principal amount of its First Mortgage Bonds, 6.53% Series due August 1, 2036 (the “Bonds”), to be issued under and secured as provided in the Company’s Indenture of First Mortgage and Deed of Trust (the “Original Indenture”), dated as of February 1, 1955, to The Bank of New York, as successor to United States Trust Company of New York, successor to The Chase Manhattan Bank (National Association), successor to The Chase National Bank of the City of New York, as trustee (the “Trustee”), as previously supplemented and modified by seventeen supplemental indentures and as to be further supplemented and modified by an Eighteenth Supplemental Indenture (the “Eighteenth Supplemental Indenture”), to be dated as of July 1, 2006 and to be substantially in the form of Exhibit A attached hereto. As used herein, “Indenture” shall mean the Original Indenture, as previously supplemented and modified by seventeen supplemental indentures and as further supplemented and modified by the Eighteenth Supplemental Indenture. The Bonds shall be issuable in fully registered form only, shall mature on August 1, 2036, shall bear interest at the rate of 6.53% per annum, payable semi-annually on February 1 and August 1 of each year, commencing February 1, 2007, shall be subject to redemption as provided in the Eighteenth Supplemental Indenture and shall be in the form established pursuant to the Eighteenth Supplemental Indenture. As provided in the Eighteenth Supplemental Indenture, the Bonds originally issued to you thereunder shall be dated, and shall bear interest from, the date of their original issue on the date of the Closing referred to in section 3. References to a “Schedule” or “Exhibit”, unless otherwise specified, are to a Schedule or Exhibit to this Agreement.