Laserfiche WebLink
(i) the acquisition for the Project of additional <br />real estate or interests therein within the boundaries <br />of the Issuer, or the acquisition, construction, <br />enlargement, improvement, equipping and furnishing <br />of property to be used in connection with the Project <br />and to be located on said Project Site, or any <br />combination thereof, or <br />(c) may issue Additional Bonds from time to time to <br />provide for <br />(i) refunding outstanding Bonds, or <br />(ii) any combination of the purposes recorded in <br />(i) and in clause (a) and (b) hereof; <br />provided, that the proceeds of any Additional Bonds shall be used by the <br />Company solely to pay permissible costs under the Act and that the issuance <br />of such Additional Bonds shall not result in the interest on the Bonds <br />outstanding immediately prior to such issuance becoming subject to federal <br />income tax. Such Additional Bonds shall be on a parity with the Project <br />Bonds and any Additional Bonds theretofore or thereafter issued. Before <br />any Additional Bonds are authenticated there shall be delivered to the <br />Trustee the items required by Section 2.08 of the Indenture and any necessary <br />amendment of the Agreement to provide for increased Loan Payments so that <br />the aggregate of the Loan Payments thereafter payable under the Agreement <br />shall be sufficient in amount to make all required payments into the Bond <br />Fund in order to pay when due Bond service charges on all Bonds then to <br />be outstanding, and for all Additional Payments (as defined in the Agreement) <br />by the Company under the provisions of the Agreement and the Bond <br />Legislation. <br />Section 11. Covenants of Issuer. In addition to other covenants <br />of the Issuer in this Bond Legislation and the Indenture contained, the <br />Issuer further covenants and agrees as follows: <br />(a) Payment of Bond Service Charges. The Issuer will, solely from <br />the sources herein provided, pay or cause to be paid the Bond service charges <br />on each and all Bonds on the dates, at the places and in the manner provided <br />herein, in the applicable Bond Legislation and in the Bonds. <br />- 17 - <br />