Alternate Bonds definition

Alternate Bonds means any Outstanding Bonds issued as alternate bonds under and pursuant to the provisions of the Reform Act, and includes, expressly, the Bonds.
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Alternate Bonds means “alternate bonds” as described in Section 15 of the Local Government Debt Reform Act (Section 350/15 of Chapter 30 of the Illinois Compiled Statutes), and includes expressly the Bonds.
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Alternate Bonds means bonds of the District issued pursuant to Section 15 of t he Local Government Debt Reform Act, 30 ILCS 350/15 payable from Revenues credited to the Junior Lien Bond and Interest Account as provided in the Master Bond Ordinance.
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Examples of Alternate Bonds in a sentence

  • President Pro Tem Aiani opened a Public Hearing regarding the intent of the Village Board to sell Alternate Bonds in the amount not-to-exceed $25,000,000.00 for the purpose of financing construction or improvement of capital infrastructure related to facilities, transportation network, and stormwater system.

  • Such sufficiency shall be calculated for each year to the final maturity of such Alternate Bonds which shall remain Outstanding after the issuance of the proposed Parity Bonds.

  • General Obligation Alternate Bonds Series 2007The District issued Series 2007, General Obligation Alternate Bonds on December 27, 2007 totaling $5,000,000, due in annual installments of principal on December 15 in varying amounts ranging from $165,000 to $360,000, with interest payable semiannually at 4.00% to 5.40% maturing on December 15, 2027.

  • Series 2010B The District issued Series 2010B, General Obligation Alternate Bonds totaling$8,245,000 on July 20, 2010, with interest ranging from 2.25% to 6.25% maturing at various amounts through December 15, 2029.

  • For ease of discussion this chapter refers to "firm" or "non-firm" generators to distinguish between generators that opt to purchase firm access rights and those thatdo not.

  • Accordingly, as provided in such Section 15, the Outstanding Alternate Bonds need not be regarded as or included in any computation of indebtedness of the County for purposes of any statutory provision or limitation.

  • Highlights of Alternate Bonds Section 15 of the Debt Reform Act provides that whenever there exists for a governmental unit (such as the District) a revenue source, the governmental unit may issue its general obligation bonds payable from any revenue source, and such general obligation bonds may be referred to as “alternate bonds.” Such bonds are general obligation debt payable from the pledged revenues with the general obligation of the governmental unit as back-up security.

  • Series 2014 The District issued Series 2014, General Obligation Alternate Bonds totaling$9,350,000 on April 14, 2014, with interest ranging from 2% to 5% maturing at various amounts through December 15, 2033.

  • Alternate Bonds (Double Barreled Bonds) – Alternate bonds are general obligation bonds payable from enterprise revenues or from a revenue source, or both, with the general obligation of the municipality acting as backup security for the bonds.

  • Series 2013A The District issued Series 2013A, General Obligation Alternate Bonds totaling$9,700,000 on April 10, 2013, with interest ranging from 2% to 3% maturing at various amounts through December 15, 2022.


More Definitions of Alternate Bonds

Alternate Bonds means “alternate bonds” as described in Section 15 of the Debt Reform Act and includes expressly the Outstanding Prior Bonds, the Bonds and any Additional Bonds.
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Alternate Bonds means any bonds issued in the future as "alternate bonds" under the Reform Act and having a lien priority with respect to Revenues superior to the Bonds.
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Alternate Bonds means the bonds authorized by the Alternate Bond Authorizing Ordinance.
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Alternate Bonds means “alternate bonds” as described in Section 15 of the Local Government Debt Reform Act
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Related to Alternate Bonds

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Floating Rate Notes means the Class A-2b Notes.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Corporate bond means a senior secured debt obligation issued by a domestic business entity and rated not lower than “AA-” or the equivalent by a nationally recognized investment rating firm. The term does not include a debt obligation that, on conversion, would result in the holder becoming a stockholder or shareholder in the entity, or any affiliate or subsidiary of the entity, that issued the debt obligation, or is an unsecured debt obligation. Gov’t Code 2256.0204(a)

  • Option Bonds means Current Interest Bonds, which may be either Serial or Term Bonds, which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.

  • Class of Notes means each of the Classes of Notes being:

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Transition bonds means bonds, notes, certificates of

  • Convertible Bonds means the $450,000,000 1.875 per cent senior unsecured guaranteed convertible bonds due 2025 and issued by NMC Health (Jersey) Limited, including the transactions contemplated under the Transaction Documents (as defined in the Convertible Bond Trust Deed);

  • Parity Bonds means bonds payable from the revenues of the System other than the Bonds but issued on a parity and equality with the Bonds pursuant to the restrictive provisions of Section 11 of this Resolution;