Pledged Bonds definition

Pledged Bonds means any Bond at any time purchased, in whole or in part, with the proceeds of a draw on the Letter of Credit upon tender of such Bond and held by the Trustee as nominee for the Bank pursuant to the provisions of Section 305 of the Indenture.

Pledged Bonds means the related series of Bonds and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture.

Pledged Bonds has the meaning assigned to that term in the Pledge Agreement.

Examples of Pledged Bonds in a sentence

• The Pledge shall not be affected by the number and/or denomination of any Pledged Bonds being inaccurate or incomplete.

• Without limiting the foregoing, if any Pledged Bonds are permitted to be released from the Lien of the Administrative Agent in accordance with such Operative Documents, the Administrative Agent shall be authorized to take any actions deemed appropriate in order to effect the foregoing.

• The Remarketing Agent shall use its best efforts to remarket Pledged Bonds as provided in the Remarketing Agreement.

• No draw on the Letter of Credit or the Confirming Letter of Credit shall be made with respect to Pledged Bonds or Borrower Bonds.

• If fewer than all of the Bonds shall be called for redemption, the portion of Bonds to be redeemed shall be selected by random method by the Trustee from among all Outstanding Bonds; provided that the Trustee shall first select Pledged Bonds and Borrower Bonds for redemption (in that order).

More Definitions of Pledged Bonds

Pledged Bonds means unsold or repurchased Bonds held now or in the future in the name of the Issuer on the Issuance Account (defined as Issuer-Owned Bonds in the Terms and Conditions).

Pledged Bonds means the related series of Bonds (as hereafter defined) and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture.

Pledged Bonds means any Bonds which shall, at the time of determination thereof, be held in pledge for the benefit of the Bank by the Pledged Bonds Custodian pursuant to the Pledge Agreement.

Pledged Bonds means any Bonds that have been pledged or in which any interest has otherwise been granted to a Security Instrument Issuer as collateral security for Security Instrument Repayment Obligations.

Pledged Bonds as defined in the KGE Collateral Agreement.

Pledged Bonds has the meaning specified in Section 2.06.

Pledged Bonds means the Bonds purchased pursuant to the optional or mandatory tender provisions of the Indenture with moneys drawn under the Letter of Credit.