Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the financing of a portion of the costs of the Projects, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in financing a portion of the costs of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture.
Appears in 2 contracts
Sources: Loan Agreement (Psi Energy Inc), Loan Agreement (Psi Energy Inc)
Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to for purposes of assisting in paying the Company to assist the Company in the financing of a portion of the costs of the ProjectsProject Costs, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the initial sale of the Bonds (other than any accrued interest) shall be loaned paid over to the Company to assist the Company Trustee and deposited as described in financing a portion Section 2.03 of the costs of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond FundIndenture. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the Company, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and loan the proceeds from the sale thereof to the Company.
Appears in 2 contracts
Sources: Loan Agreement (Global Water Resources, Inc.), Loan Agreement (Global Water Resources, Inc.)
Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the financing of a portion of the costs of the Projects, the Issuer Authority will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer Authority and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in the financing a of its portion of the costs of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the payment of Bond Service Charges as provided in the Indenture.
Appears in 2 contracts
Sources: Loan Agreement (Cincinnati Gas & Electric Co), Loan Agreement (Cincinnati Gas & Electric Co)
Issuance of the Bonds; Application of Proceeds. To ------------------------------------------------------------ provide funds to make the Loan to for purposes of assisting in paying the Company to assist the Company in the financing of a portion of the costs of the ProjectsProject Costs, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption and purchase as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company and paid over to assist the Trustee for the benefit of the Company in financing a portion and the Holders of the costs Bonds and deposited as follows: (a) a sum equal to any accrued interest paid by the Original Purchaser shall be deposited in the Bond Fund, and (b) the balance of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture.
Appears in 1 contract
Sources: Loan Agreement (Amax Gold Inc)
Issuance of the Bonds; Application of Proceeds. To provide funds to make acquire, construct, equip and install the Loan to the Company to assist the Company in the financing of a portion of the costs of the ProjectsProject, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company Lessee hereby approves the terms and conditions of the Indenture and the Bonds, and of the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, consideration for the benefit of the Issuer issuance and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned the conveyance of the Project Site to the Company to assist Issuer and the Company in financing a portion expenditures made for the acquisition, construction, equipping and installation of the Project and any other moneys necessary for the costs of issuance of the Projects. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond FundProject. Pending the disbursement pursuant to Section 3.4 hereof, the proceeds monetary proceeds, if any, so deposited in the Project Fund, together with any investment earnings thereonthereof, shall constitute a part of the Revenues assigned by the Issuer to the payment of Bond Service Charges as provided in the Indenture. At the request of the Lessee, and for the purposes and upon fulfillment of the conditions specified in the Indenture, the Issuer may provide for the issuance, sale and delivery of Additional Bonds and use the proceeds from the sale thereof for any additions to the Project.
Appears in 1 contract
Sources: Lease Agreement
Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to for purposes of assisting the Company to assist the Company Borrower in the financing of a portion of the costs of the ProjectsProject, the Issuer Authority will issue, sell and deliver the Bonds to upon the Original Purchaserorder of the Underwriter as provided in the Purchase Agreement. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company Borrower hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company Borrower and paid over to assist the Company in financing a portion Trustee for the benefit of the costs Borrower and the Owners of the Projects. Those proceeds shall be Bonds and deposited as provided in Section 3.03 of the Project Fund. Any accrued interest shall be deposited in the Bond FundIndenture. Pending disbursement pursuant to Section 3.4 5.04 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the payment of Bond Debt Service Charges Requirements as provided in the Indenture.
Appears in 1 contract
Sources: Loan Agreement (Dynagen Inc)
Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the financing of a its portion of the costs of the ProjectsProject, the Issuer Authority will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company, for the benefit of the Issuer Authority, the Trustee and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be done or performed by the Company. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in the financing a of its portion of the costs of the ProjectsProject. Those proceeds shall be deposited in the Project Fund. Any accrued interest shall be deposited in the Bond Fund. Pending disbursement pursuant to Section 3.4 hereof, the proceeds so deposited in the Project Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the Trustee for the payment of Bond Service Charges as provided in the Indenture.
Appears in 1 contract