Issuance of the Certificates. (a) Subject to applicable legal restrictions, the City agrees to issue and sell its Certificates in calendar year 2024 (provided that such period may be extended with the consent of the City and the Corporation) and to use the applicable portion of the proceeds from the sale of the Certificates to pay the costs of the Authorized Project and the costs of issuing the Certificates. (b) The City has provided the Corporation with a proposed plan of finance and a pro forma debt service schedule associated with the proposed series of Certificates.
Appears in 2 contracts
Sources: Construction Agreement, Construction Agreement