Defeased Bonds definition

Defeased Bonds means legally defeased Bonds or Notes and other Bonds or Notes that remain in the hands of their Holders but are no longer deemed Outstanding.

Defeased Bonds means Bonds or Notes that remain in the hands of their Holders but are no longer deemed Outstanding.

Defeased Bonds means those Outstanding Bonds identified in the Defeasance Agreement.

Examples of Defeased Bonds in a sentence

• No such resignation shall take effect unless a successor Escrow Agent shall have been appointed by the holders of the Defeased Bonds or by the County as herein provided and such successor Escrow Agent shall have accepted such appointment, in which event such resignation shall take effect immediately upon the appointment and acceptance of a successor Escrow Agent.

• This Escrow Agreement and all of the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein and to achieve the intended purpose of providing for the defeasance of the Defeased Bonds in accordance with applicable law.

• This Escrow Agreement shall not be subject to amendment without the written consent of the holders of all Defeased Bonds then outstanding.

• The Escrow Agent shall keep books of record and account in which complete and correct entries shall be made of all transactions relating to the receipt, disbursement, allocation and application of the money and Escrowed Securities deposited to the Escrow Fund and all proceeds thereof, and such books shall be available for inspection at reasonable hours and under reasonable conditions by the County and the holders of the Defeased Bonds.

• The Escrow Agent may be removed with thirty (30) days’ prior notice by an instrument or concurrent instruments in writing delivered to the Escrow Agent and to the County and signed by the holders of a majority in aggregate principal amount of the Defeased Bonds then outstanding.

More Definitions of Defeased Bonds

Defeased Bonds means all or a portion, if any, of the Series 1997 Bonds and the Series 2002 Bonds to be refunded from the net proceeds of the Series 2011 Bonds and other available funds on deposit with the Trustee, to the extent provided in the Certificate of Determination.

Defeased Bonds means the outstanding Bonds of the County as shown on Exhibit C hereto.

Defeased Bonds means all or a portion, if any, of the Series 2012 Bonds to be

Defeased Bonds means such bonds as are described and defined by such term in Section 18 of this Ordinance.

Defeased Bonds means the $980,000 aggregate principal amount of the Series 2010-A Bonds, scheduled to mature in the years 2020 to 2022, inclusive, as more fully described in the Verification Report attached hereto.

Defeased Bonds means portions of the Bonds maturing in the years 2022 to 2039, inclusive, in the aggregate principal amount of $230,000.

Defeased Bonds means the portion of the 2008 Bonds maturing on and after June 1, 2016 relating to the City’s obligation with respect to the Water Street Parking Deck to be defeased and prepaid with City funds.