Bond definition
Examples of Bond in a sentence
The Guarantor will derive substantial direct and indirect benefits from the making of the loan of Bond proceeds to the Borrower pursuant to the Loan Agreement (which benefits are hereby acknowledged by the Guarantor).
Each Bond so delivered shall be credited by the Trustee at 100% of the principal amount thereof on the obligation of the Issuer on such Sinking Fund Payment date for such Bonds and any excess over such amount shall be credited on future Sinking Fund Payments in ascending chronological order, and the principal amount of Bonds to be redeemed by application of Sinking Fund Payments shall be accordingly reduced.
The Trustee shall also be registrar for the Bonds, and shall maintain a register showing the names of all registered owners of Bonds, Bond numbers and amounts, and other information appropriate to the discharge of its duties hereunder.
Notwithstanding anything herein to the contrary, at no time, whether as a result of an Event of Default (as defined in the Indenture) or otherwise, shall this Bond bear interest at an interest rate higher than the Maximum Rate (as defined in the Indenture).
This Bond and the series of Bonds of which it is a part have been authorized and issued pursuant to the laws of the State of Wisconsin, including particularly Section 66.0304 of the Wisconsin Statutes, as amended.