Individual Bond definition

Individual Bond. A Bond of an original principal amount of $1,000; a Bond of an original principal amount in excess of $1,000 shall be deemed to be a number of Individual Bonds equal to the quotient obtained by dividing such original principal amount by $1,000.

Individual Bond. A Bond of an original Principal Amount or Notional Amount equal to the minimum denomination for Bonds of a Series or Class as specified in the related Terms Indenture; a Bond of an original Principal Amount or Notional Amount, as the case may be, in excess of such minimum denomination shall be deemed to be a number of Individual Bonds equal to the quotient obtained by dividing such original Principal Amount or Notional Amount, as the case may be, by such minimum denomination.

Individual Bond means an individual surety bond issued in accordance with the requirements of § 55.1-2220 of the Code of Virginia obtained and maintained by a developer in lieu of escrowing a deposit accepted by a developer in connection with the purchase or reservation of a product.

Examples of Individual Bond in a sentence

• At any meeting of Holders, unless otherwise provided in the related Terms Indenture, each Person entitled to vote at such meeting shall be entitled to one vote for each Individual Bond of the applicable Class and/or Series held and/or represented by such Person; provided, however, that no vote shall be cast or counted at any meeting in respect of any Bond challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding.

• Any Holder of an Individual Bond Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Issuer against any liability that may result if the transfer is not so exempt or is not made in accordance with such applicable federal and state laws.

• All of the Book Entry Bonds shall initially be registered on the Bond Register in the name of Cede & Co., the nominee of the Clearing Agency, and no Beneficial Owner thereof will receive a Definitive Bond representing such Beneficial Owner's interest in the Book Entry Bonds, except in the case of Individual Bond Certificates, and except in the event of Book Entry Termination.

• Such Bond certificates for each such Class of Bonds shall be initially registered on the Bond Register in the name of the nominee of such Clearing Agency and no Beneficial Owner will receive a certificate representing its interests in any Class of Book Entry Bonds except in the case of Individual Bond Certificates as provided herein and except in the event that the Trustee issues Definitive Bonds, as provided in Section 2.14 of the Indenture.

• No transfer of any Individual Bond Certificates may be made pursuant to this Section 22(b)(ii) by the Issuer.

More Definitions of Individual Bond

Individual Bond. A Bond with an original principal amount equal to not less than $25,000.

Individual Bond. A Bond with an original Principal Amount of $________.

Individual Bond. With respect to a Class of Bonds of a Series, as defined in the related Series Supplement.

Individual Bond. A Bond of an Original Principal Amount equal to the lesser of (1) the minimum denomination for Bonds of that Series and Class as specified in the related Series Supplement, and if the Bonds of such Series and Class are issuable in a minimum denomination and whole multiples of some amount smaller than such minimum denomination in excess thereof, such smaller amount.

Individual Bond means an individual surety bond issued in accordance with the requirements of

Individual Bond. A Bond of an original principal amount of $50,000 (PROVIDED, HOWEVER, one Bond may be less than that amount); a Bond of an original principal amount in excess of $50,000 shall be deemed to be a number of Individual Bonds equal to the quotient obtained by dividing such original principal amount by $50,000.

Individual Bond. As defined in Section 10(f) hereof.