Examples of Bond Event of Default in a sentence
The Issuer shall deliver notice to the Bond Trustee forthwith upon becoming aware of any Bond Event of Default without waiting for the Bond Trustee to take any further action.
The only exception to this is applications for looked after children that are received by 15 February will be included with on time applications.2. Applications received after the offer date, but before the start of the school year, will be considered as they are received and in accordance with the criteria for admission.
For the avoidance of doubt, a Bond Event of Default shall not give the Administrative Agent the right to exercise any other remedy described in the immediately preceding paragraph, unless such Bond Event of Default, or the facts and circumstances underlying such Bond Event of Default, gives rise to another Event of Default otherwise described in Section 6.01.
A Partnership Loan Event of Default will also occur upon the occurrence of any Bond Event of Default which is continuing.
Failure of Heathrow to repay an advance on the maturity date in respect of such advance (which corresponds to the Scheduled Redemption Date of the corresponding Class or Sub-Class of Bonds) will be a Loan Event of Default under the relevant Borrower Loan Agreement, although it will not, of itself, constitute a Bond Event of Default.
In the event of the occurrence of a Bond Event of Default or the Bond Trustee considering it expedient or necessary or being requested by the Issuer to undertake duties which the Bond Trustee and the Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Bond Trustee under this Bond Trust Deed or any other Issuer Transaction Document the Issuer shall pay to the Bond Trustee such additional remuneration as shall be agreed between them.
In addition, up to the Final Security Discharge Date, the Security shall become enforceable following an Event of Default or a Further Secured Bond Event of Default, subject to and in accordance with the provisions of Condition 2 and the relevant Bond Security Documents.
The Sponsor may at its option (subject to the conditions set forth below) substitute at any time, and from time to time, one issue of multifamily housing revenue bonds (each, a “Substitute Bond”) for (a) an issue of Bonds with respect to which a Bond Event of Default exists, or (b) a Pre-Selected Bond, solely if the Sponsor has elected to effect a substitution of such Pre-Selected Bond in connection with the sale of the related Pre-Selected Mortgaged Property pursuant to Section 3.26 hereof.
Following an Event of Default or Further Secured Bond Event of Default, the Security shall become enforceable, subject to and in accordance with the provisions of Condition 2.
For further details as to the circumstances where substitutions and disposals are permitted pursuant to the terms of the Partnership Transaction Documents, see the section of this document entitled "Substitution, Alteration and Disposal of Mortgaged Properties".Relationship between Partnership Loan and the Bonds The service of a Partnership Enforcement Notice will constitute a Bond Event of Default.