Unsecured Bond definition

Unsecured Bond means any bond that is (a) not secured by a pledge of collateral and (b) senior or pari passu in right of payment to any other unsecured indebtedness of the related Obligor.

Unsecured Bond means a bond obligation that is not a Secured Bond.

Unsecured Bond means a debt obligation in the form of a bond that has ordinary, unsecured pre-petition priority in any bankruptcy, reorganization, insolvency or liquidation proceedings

Examples of Unsecured Bond in a sentence

• The funds raised through Mortgage Bond and Unsecured Bond placements help the Issuer to maintain and improve the balanced structure of its assets and liabilities.

• By executing Mortgage Bond and Unsecured Bond placements as part of the Programme, the Issuer raises forint and foreign currency funds in the capital market so that it may offer its customers loans that are predictable over the long term and bear interest at competitive rates, while enabling eligible customers to maximise their benefit from public interest rate subsidies.

• Other than the 2021 Unsecured Bond Debt Documents, the Borrower shall not enter into any indenture, instrument, or other agreement for Indebtedness for Borrowed Money which contains, or amend any terms of any such indenture, instrument, or agreement which would result in any such indenture, instrument, or agreement having, covenants or defaults more burdensome on the Borrower or any Restricted Subsidiary than the covenants and defaults provided for in this Agreement and the other Loan Documents.

• The Borrower will not and will not permit any Restricted Subsidiary to become or be liable in respect of any Guaranty except: (a) Guaranties of the Borrower which are limited in amount to a stated maximum dollar exposure and are permitted under Sections 8.7(d) and 8.9, (b) Guaranties of the 2021 Unsecured Bond Debt and (c) the Subsidiary Guaranty Agreement.

• These obligations arise under the 12 Bank Facilities and the six Unsecured Bond issuances.

More Definitions of Unsecured Bond

Unsecured Bond has the meaning specified in Annex C.

Unsecured Bond means an individual's promise to pay a financial

Unsecured Bond means a bond in which the issuer does not provide a collateral for debt repayment, whether or not the issuer provides a bond holder representative;

Unsecured Bond means an individual's promise to pay a financial condition if the individual fails to appear for any required court appearance.

Unsecured Bond means any unsecured obligation that: (a) constitutes borrowed money and (b) is in the form of, or represented by, a bond, note, certificated debt security or other debt security (other than any of the foregoing that evidences a Loan or Participation Interest).

Unsecured Bond means an unsecured Bond that is not (and is not expressly permitted by its terms to become) subordinate in right of payment or lien to any other obligation for borrowed money of the Obligor of such Bond.

Unsecured Bond means an Unsecured Obligation that is a bond as determined by the Investment Manager in its reasonable business judgement or a Participation therein.