Financing of the Acquisition and Construction of the Projects. (a) For the purpose of financing the cost of construction and acquisition of the Projects on the Site and all costs and expenses incidental thereto, the IDB has caused the Series 2017 Bonds to be issued pursuant to the Indenture and has caused the proceeds from the sale of the Series 2017 Bonds to be deposited with the Trustee under the Indenture and applied as provided in the Indenture. (b) The IDB may from time to time authorize the issuance of Additional Bonds in any amount upon the terms and conditions provided in the Indenture. Additional Bonds may be issued to provide funds to pay one or more of the costs described in Section 5.02(b) of the Lease. Any such improvements shall become a part of the Leased Property and shall be included under this Sublease to the same extent as if originally included hereunder.
Appears in 2 contracts
Sources: Sublease Agreement, Sublease Agreement