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05-22-2017 Packet
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05-22-2017 Packet
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5/18/2017 3:17:10 PM
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thereof) in a principal amount which will, together with the income or increment to accrue <br /> thereon, be sufficient to pay and redeem (when redeemable) and discharge such series of Bonds <br /> at or before their respective maturity dates, and (iii) financing the cost or estimated cost of <br /> completing the Bond Project or of acquiring and/or constructing additional improvements to the <br /> Bond Project, and, in each case, obtaining additional funds to pay the costs to be incurred in <br /> connection with the issuance of such Additional Bonds, to establish reserves with respect thereto <br /> and to pay interest during the estimated construction period of completing the additional <br /> improvements, if any. <br /> Prior to the delivery by the Issuer of any such Additional Bonds there shall be filed with <br /> the Trustee: <br /> (i) A supplement to this Indenture executed by the Issuer and the Trustee <br /> authorizing the issuance of such Additional Bonds, specifying the terms <br /> thereof, and providing for the disposition of the proceeds of the sale <br /> thereof. <br /> (ii) The supplement or amendment to the Financing Agreement and the other <br /> instruments, documents, certificates, and opinions referred to in Article IX <br /> of this Indenture. <br /> (iii) A copy, duly certified by the Clerk of the Issuer, of the Bond Ordinance <br /> theretofore adopted and approved by the Issuer authorizing the execution <br /> and delivery of such supplemental indenture and such supplement to the <br /> Financing Agreement and the issuance of such Additional Bonds. <br /> (iv) A written request of the Issuer to the Trustee to authenticate and deliver <br /> such Additional Bonds. <br /> (v) Additional Bonds payable from TIF Revenues, the requirements for such <br /> additional obligations contained in the resolution or ordinance pledging <br /> the TIF Revenues shall have been met. <br /> Any Additional Bonds issued in accordance with the terms of this Section 2.8 shall be <br /> secured by this Indenture, but such Additional Bonds may bear such date or dates, such interest <br /> rate or rates, and with such maturities, redemption dates and premiums as may be agreed upon by <br /> the Issuer,at the direction of the Developer, and the purchaser of such Additional Bonds. <br /> Section 2.9. Mutilated Lost, Stolen, or Destroyed Bonds. If any Series 2017 Bond is <br /> mutilated, lost, stolen or destroyed, the Issuer may execute and the Trustee may authenticate a <br /> new Series 2017 Bond of like date, maturity and denomination as that mutilated, lost, stolen or <br /> destroyed; provided that, in the case of any mutilated Series 2017 Bond, such mutilated Series <br /> 2017 Bond shall first be surrendered to the Issuer, and in the case of any lost, stolen or destroyed <br /> Series 2017 Bond, there shall be first furnished to the Trustee evidence of such loss, theft or <br /> destruction satisfactory to the Trustee,together with indemnity satisfactory to it. <br /> If any such Series 2017 Bond shall have matured, instead of issuing a duplicate Series <br /> 2017 Bond the Issuer may pay the same without surrender thereof;provided, however, that in the <br /> - 17 - <br /> I\11860514.2 <br />
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