A Bonds definition
Examples of A Bonds in a sentence
A Bonds and April 1, 1980 Subject Properties April 1, 1980.....................
The Indenture Trustee agrees that it will hold the Bond Insurance Policy in trust and that it will hold any proceeds of any claim made upon the Bond Insurance Policy solely for the use and benefit of the Holders of the Class A Bonds in accordance with the terms hereof and the terms of the Bond Insurance Policy.
Additionally, if not sooner terminated as provided above, the Servicer’s obligations as custodian shall terminate one year and one day after the date on which no Series A Bonds are Outstanding.
If, within 30 days after the delivery of the Termination Notice, a new Servicer shall not have been appointed, the Indenture Trustee may, at the direction of the Holders of a majority of the Series A Bonds, petition the Commission or a court of competent jurisdiction to appoint a successor Servicer under this Servicing Agreement.
The Servicer shall not make any advances of interest on or principal of the Series A Bonds.
Any further losses will be covered by the Bond Insurance Policy in accordance with the terms thereof, however, to the extent such Realized Losses are not covered by the Bond Insurance Policy, the Bond Principal Balance of the Class A Bonds will not be reduced by the amount of such Realized Losses.
The Servicing Fee owing shall be calculated based on the initial principal amount of the Series A Bonds and shall be paid semi-annually, with half of the Servicing Fee being paid on each Payment Date, except for the amount of the Servicing Fee to be paid on the first Payment Date in which the Servicing Fee then due will be calculated based on the number of days that this Servicing Agreement has been in effect.
Indicate investment amount for Series A Bonds and Series B Bonds.
For the avoidance of doubt, any breach that would adversely affect scheduled payments on the Series A Bonds will be deemed to be a material breach for purposes of this Section 4.11.
A Bonds and April 1, 1980 Subject Properties April 1, 1980.............................