Bond Facility definition

Bond Facility means the $250,000,000 of unsecured senior bonds issued by Borrower via public bond offering on November 19, 2014 maturing on November 19, 2024 or any other issuance of public or private senior unsecured bonds by Borrower.

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Bond Facility means any bond facility pursuant to which a municipality, or a community facilities district formed by a municipality, at the request of Borrower or one of its Subsidiaries, will issue bonds to finance a portion of the costs of acquisition of and improvements to real property located in such municipality (or district) by Borrower or one of its Subsidiaries (or to pay development or "impact" fees in lieu thereof), and with respect to which Borrower or one of its Subsidiaries will provide a letter of credit or other reimbursement support. The real property that is the subject of any such bond facility will be subject to a Lien for special taxes to repay the Indebtedness evidenced by such bonds.

Bond Facility means the Bond Repurchase Agreement and any documents related thereto. “Bond Facility Buyer” shall mean NATIONAL FOUNDERS LP, a Delaware limited partnership (together with its permitted successors and assigns), in its capacity as “Buyer” under the Bond Repurchase Agreement. “Bond Repurchase Agreement” shall mean that certain Master Repurchase Agreement, dated as of February 28, 2023 (as amended, restated, supplemented or otherwise modified and in effect from time to time), between Bond Facility Buyer, and FINANCE OF AMERICA REVERSE LLC, a Delaware limited liability company (together with its permitted successors and assigns), in its capacity as “Seller” thereunder. “Business Day” shall mean a day other than (i) a Saturday or Sunday, (ii) any day on which banking institutions are authorized or required by law, executive order or governmental decree to be closed in the State of New York or (iii) any day on which the New York Stock Exchange is closed. “Buyer” shall mean Grand Oak Trust, its successors in interest and assigns pursuant to Section 18 and, with respect to Section 7, its participants. “Capital Lease Obligations” shall mean, for any Person, all obligations of such Person to pay rent or other amounts under a lease of (or other agreement conveying the right to use) Property to the extent such obligations are required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP, and, for purposes of this Agreement, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP. “Capital Stock” shall mean any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent equity ownership interests in a Person which is not a corporation, including, without limitation, any and all member or other equivalent interests in any limited liability company, any and all partner or other equivalent interests in any partnership or limited partnership, and any and all warrants or options to purchase any of the foregoing. “Cash Equivalents” shall mean any of the following: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one (1) year from the date of acquisition; (b) mortgage-backed securities issued or guaranteed by any agency o...

Examples of Bond Facility in a sentence

• The New Super Senior Notes will be senior obligations of the Issuer and will rank equally in right of payment with all other existing and future senior indebtedness of the Issuer (including debt incurred under the Revolving Credit Facility, the Surety Bonds Facility, the Standalone Facilities and the Notes), and super senior in respect of the enforcement of Collateral, together with the existing Revolving Credit Facility, Surety Bond Facility and future Standalone Facilities.

• The failure by Seller to comply with the covenant set forth in Section 12(v), where ▇▇▇▇▇ has determined in its sole discretion, exercised in good faith, that such failure has occurred on a regular basis in a manner that was materially false or misleading; or (s) an Event of Default (as such term is defined in the Bond Repurchase Agreement) has occurred and is continuing under the Bond Facility.

• Receipt by the Intercreditor Agent of evidence that the Concession Contract Performance Bond has been issued under the Performance Bond Facility as required by Article 61 of the Concession Contract.

• QTC reserves the right to permit access to the Global A$ Bond Facility to non-Group members who meet special criteria for this privilege.

• No Event of Default shall occur under this Clause 22.10 (i) due to any event or circumstance described in paragraphs (b), (c) or (d) above that occurs or arises solely in respect of Financial Indebtedness owing under a TI Bond Facility Agreement or (ii) if the aggregate amount of Financial Indebtedness or commitment for Financial Indebtedness falling within paragraphs (a) to (d) above is less than 5,000,000 Dollars (or the equivalent thereof in another currency or currencies).

More Definitions of Bond Facility

Bond Facility shall have the meaning specified in the definition “Principal Credit Facility.”

Bond Facility means any bond facility pursuant to which a municipality, or a community facilities district formed by a municipality, has or will issue bonds to finance a portion of the costs of acquisition of and/or improvements to real property located in such municipality (or district) owned by Borrower, one of its Subsidiaries or by another Person acquired by Borrower or one of its Subsidiaries (or to pay development or "impact" fees in lieu thereof), and with respect to which Borrower or one of its Subsidiaries will provide a letter of credit or other reimbursement support. The real property that is the subject of any such bond facility will be subject to a Lien for special taxes to repay the Indebtedness evidenced by such bonds.

Bond Facility means an insurance policy, surety bond or agreement, standby purchase agreement, line of credit, letter of credit or other credit enhancement, or liquidity facility entered into for the purpose of assuring the timely payment of the Principal and Redemption Price, if any, of and interest on the Bonds.

Bond Facility means the aggregate amount of the Combined Exposure outstanding under the Indenture.

Bond Facility means that certain $1,736,000.00 Bond Facility evidenced in part by that certain Indenture of Trust dated as of May 1, 1994 by and between Broward County, Florida and First Union National Bank of Florida as Trustee and that certain Loan Agreement dated as of May 1, 1994 by and between Broward County, Florida and C&C General Partnership and Lancetti Cosmetics Corporation d/b/a Prestige Cosmetics and secured in part by that certain Mortgage and Security Agreement dated as of the lst day of May, 1994 by and between C&C General Partnership and Florida general partnership and Broward County, Florida, a political subdivision of the State of Florida.

Bond Facility means a variable rate demand bond facility involving a maximum principal obligation in an amount of $57,385,000.00, pursuant to which BVI will finance the Purchase Deposit to be paid to Seller pursuant to the Purchase Option, as well as other specified sums and amounts relating to the development, construction and financing of the Community, which shall be secured, inter alia, by a lien against the Premises and by a lien against the Tenant's entire interests in the Project.

Bond Facility means any irrevocable letter of credit, surety, guaranty, Insurance Policy or other credit facility or any combination thereof securing payment of principal of and interest on the Bonds, initially, the Insurance Policy, and, so long as Bonds are not in the Fixed Mode, any Liquidity Facility providing for payment of the Purchase Price of Bonds Outstanding under this Resolution, provided that such Liquidity Facility satisfies the requirements of Article IV hereof.