Bond Asset definition

Bond Asset means any Asset that is a direct interest in a corporate bond obligation.
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Bond Asset means a debt security (that is not a loan) that is issued by a corporation, limited liability company, partnership or trust.
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Bond Asset means any Asset that is a direct interest in a non-governmental bond obligation.
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Examples of Bond Asset in a sentence

  • For the services provided and the expenses assumed as Administrator pursuant to the Administration Agreement with respect to the Funds, the Company will pay Concord a fee, computed daily and paid monthly, at the annual rate of .15% of the Blue Chip, Flexible Bond, Asset Allocation, National Municipal Bond, Utilities, Growth and Income, Corporate Bond, International Equity and International Bond Fund's average daily net assets.

  • The Borrowers shall maintain a minimum balance of Fifty Million Dollars ($50,000,000) in Secured Bond Assets, whether in the Secured Bond Asset Deposit Account at KeyBank or the Secured Bond Asset Securities Account at McDonald Investments Inc.

  • Purchaser’s obligation hereunder shall continue with respect to a Brunswick Bond Asset only so long as the related Brunswick Bonds are outstanding and otherwise qualify for tax exempt status under the Code, and Seller shall give Purchaser immediate notice of the redemption of any Brunswick Bonds and of any other circumstance that would relieve Purchaser of its obligations hereunder.

Related to Bond Asset

  • Land Assets means any real property which is not an Asset Under Development and on which no significant improvements have been constructed.

  • Fund Assets means the net assets of the Fund managed by the Subadviser for which the fee is being calculated;

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Bond or Loan means any obligation that is either a Bond or a Loan.

  • Pledged Asset Loan Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement.