FINANCING OF PUBLIC IMPROVEMENTS. Subject to the terms and conditions set forth in this Agreement, the Authority agrees that the District may issue the Bonds from time to time, and if and when issued, the Bonds shall be issued on terms and conditions consistent with the Service Plan of the District and this Agreement and the proceeds of the Bonds shall be used to finance the costs of the Public Improvements. Upon issuance of the Bonds, the District shall notify the Authority. The District may refinance the Bonds, in whole or in part, at any time; provided, however, that under no circumstances shall any refinancing of the Bonds, whether or not to avoid a default, increase the Funding Obligation or extend the Term.
Appears in 2 contracts
Sources: Public Finance and Redevelopment Agreement, Public Finance and Redevelopment Agreement