NRS349.470. “Financing agreement” defined.

Latest version.

“Financing agreement” means an agreement by which the Director agrees to issue bonds pursuant to NRS 349.400 to 349.670, inclusive, to finance one or more projects and the obligor agrees to:

      1. Make payments (directly or through notes, debentures, bonds or other secured or unsecured debt obligations of the obligor executed and delivered by the obligor to the Director or his or her designee or assignee, including a trustee, pursuant to the financing agreement) sufficient to pay the principal of, premium if any, and interest on the bonds;

      2. Pay other amounts required by NRS 349.400 to 349.670, inclusive; or

      3. Comply with all other applicable provisions of NRS 349.400 to 349.670, inclusive.

(Added to NRS by 1981, 1625)

                    
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