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B direct purchase fixed rate senior bank loan

August 25, 2014

Tenders are invited for 2014 B direct purchase fixed rate senior bank loan The 2014B Bonds will be senior lien revenue obligations of the Port payable solely from and secured by a pledge of Net Revenues. As defined in the Port s existing first lien revenue bond master resolution, Net Revenues mean Gross Revenue of the Port available after paying Operating Expenses not paid from other sources as defined in the first lien revenue bond Master Resolution, Gross Revenue means all income and revenue derived by the Port from time to time from any source whatsoever except: (i) the proceeds of any borrowing by the Port and the earnings thereon (other than the earnings on proceeds deposited in the reserve funds), (ii) income and revenue which may not legally be pledged for revenue bond debt service (including the tax levy), (iii) federal grants or substitutions therefore allocated to capital projects, (iv) payments made under credit facilities issued to pay or secure the payment of a particular series of bonds, (v) insurance or condemnation proceeds other than business interruption insurance, (vi) income and revenue of the Port separately pledged and used by it to pay and secure the payment on any issue or series of Special Revenue Bonds of the Port, and (vii) income from investments irrevocable pledged to the payment of bonds issued or to be refunded by the Port.

Major organization : PORT OF TACOMA

Address : Port of Tacoma, One Sitcum Plaza, P.O. Box 1837, Tacoma, WA 98401-1837.

Country :United States

Email :

Tender notice number : 069976

Notice type : Tender Notice

Open date : 2014-09-12

Tender documents : T23569314.pdf

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Source: TendersInfo (India)

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