Replacement Bond Sample Clauses

Replacement Bond. The form of the Bond set forth in Exhibit A to the Original Indenture is hereby deleted in its entirety and the form of the replacement Bond set forth in Exhibit A hereto is substituted therefor. On the Conversion Date, the Trustee is hereby directed to authenticate and deliver said Replacement Bonds to The Depository Trust Company. The Trustee is further authorized to authenticate a new Bond reflecting revised terms upon a future remarketing with a new Sub-series designation. If the Bonds are purchased in lieu of redemption and the Company desires to have such Bonds remarketed in a new Interest Period or different Long Term Period, there is hereby authorized the delivery of a replacement Bond to reflect such new terms. ARTICLE XI

Replacement Bond. This Blanket Bond covers any and all liability and obligations accrued and to be accrued under the law from the earliest issuance date of each and every permit covered by this Blanket Bond until such time as the Department shall release, in writing, this bond of such liability and obligations. This Blanket Bond replaces the following existing bonds:                                                                                                 In consideration of the pledge and deposit of this bond, the Department will release the above-listed existing bonds of all liability under the Law.

Replacement Bond. If State should receive a notice that the Concession Bond has been or will be cancelled; Concessionaire shall provide State with a replacement Concession Bond providing the coverage required herein from the effective date and time of the cancellation of the Concession Bond so that there is no period of time wherein an adequate Concession Bond does not cover this Agreement as provided for herein. Such a replacement Concession Bond must meet all of the requirements set forth in this Article XIX. (Concession Bond) hereof and be forwarded to and received by State at least twenty (20) days prior to the effective date and time of the Concession Bond cancellation.

Replacement Bond. In the event any outstanding Bond is damaged, mutilated, lost, stolen, or destroyed, the Paying Agent/Registrar shall cause to be printed, executed, and delivered, a new Bond of the same principal amount, maturity, and interest rate, as the damaged, mutilated, lost, stolen, or destroyed Bond, in replacement for such Bond in the manner hereinafter provided.

Replacement Bond. Purchaser shall have delivered to the Town of Warren, Vermont (i) a bond satisfactory to it in the amount of $400,000, replacing a bond in an equal amount previously provided by Seller with respect to a certain snowmaking pipe at the Ski Resorts, and (ii) bonds satisfactory to replace bonds issued by or on behalf of the Subsidiaries.

Replacement Bond. In the event that any Contract Bond is not delivered due to any occurrence, act or event beyond the control of the Depositor and of the Trustee (such a Contract Bond being herein called a "Special Bond"), the Depositor may instruct the Trustee to purchase Replacement Bonds which have been selected by the Depositor having a cost and an aggregate principal amount not in excess of the cost and aggregate principal amount of the Special Bonds not so delivered. To be eligible for inclusion in the Trust, the Replacement Bonds which the Depositor selects must: (i) yield current interest which is exempt. from taxation for Federal income tax purposes and, if the Trust is a State Trust, exempt from taxation under the personal income tax law of the particular state involved; (ii) have a fixed maturity or disposition date at least 10 years after the acquisition; (iii) be purchased at a price that results in a yield to maturity and in a current return, in each case as of the execution and delivery of the applicable Reference Trust Agreement, which is approximately equivalent to the yield to maturity and current return of the Special Bonds which failed to be delivered and for which the Replacement Bonds are substituted; (iv) be purchased within twenty days after delivery of notice of the failed contract to the Trustee or to the Depositor, whichever occurs first; (v) for any trust which is an insured Trust be insured either by the insurance obtained by the issuer or under the Portfolio Insurance policy and be eligible for Permanent Insurance, and not cause the Units to cease to be rated AAA by Standard & Poor's Corporation, if the Trust is an insured Trust; and (vi) for any Trust which is not an insured Trust be rated in the category A or better by at least one national rating organization or have, in the opinion of the Depositor, comparable credit characteristics. Any Replacement Bonds received by the Trustee shall be deposited hereunder and shall be subject to the terms and conditions of this Indenture to the same extent as other Bonds deposited hereunder. No such deposit of Replacement Bonds shall be made after the earlier of (i) 90 days after the date of execution and delivery of the applicable Reference Trust Agreement or (ii) the first Distribution Date. Whenever a Replacement Bond is acquired by the Depositor pursuant to the provisions of this Section 3.14, the Trustee shall, within five days thereafter, mail to all Unit Holders notices of such acquisition, includi...