Bond Insurance Policy definition

Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

Examples of Bond Insurance Policy in a sentence

• For the avoidance of doubt, this Section II.B.2 shall not affect or limit the application of section 509 of the Bankruptcy Code or any similar doctrine to Bond Insurance Policy Claims, which are preserved for enforcement by the City or by the relevant Bond Insurer.

• For the avoidance of doubt, no indemnification provision in any loan document, bond document, Bond Insurance Policy or other agreement with a Bond Insurer is exempted from discharge by reason of this Section IV.M.

• The proceeds of the Series 2022 Bonds were used in conjunction with funds held by the District to fully refund the Series 2016A Bonds and Series 2016B Bonds, purchase a Bond Insurance Policy, purchase a 2022 Reserve Policy and pay the costs of issuing the Series 2022 Bonds.

• Notwithstanding any other provision hereof, in determining whether the rights of the Holders of the Bonds will be adversely affected by any action taken under the terms and provisions hereof, the Trustee shall consider the effect on the Holders of the Bonds as if there were no Bond Insurance Policy.

• Upon payment of all such accelerated principal and interest accrued to the acceleration date, Ambac Assurance's obligations under the Bond Insurance Policy shall be fully discharged.

More Definitions of Bond Insurance Policy

Bond Insurance Policy. The bond guaranty insurance policy issued by the Bond Insurer for the benefit of the Class A Bondholders.

Bond Insurance Policy means the municipal bond insurance policy issued by the Bond Insurer insuring the payment when due of the principal of, and interest on, the Bonds as provided therein.

Bond Insurance Policy means: (a) with respect to the Series 2017A Bonds, the municipal bond insurance policy issued by AGM with respect to the Insured Series 2017A Bonds, concurrently with the delivery of the Insured Series 2017A Bonds guaranteeing the scheduled payment when due of the principal of and interest on the Insured Series 2017A Bonds; (b) with respect to the Series 2019A Bonds, the municipal bond insurance policy issued by BAM with respect to the Insured Series 2019A Bonds, concurrently with the delivery of the Insured Series 2019A Bonds guaranteeing the scheduled payment when due of the principal of and interest on the Insured Series 2019A Bonds; (c) with respect to the Series 2020A Bonds, the municipal bond insurance policy issued by BAM with respect to the Series 2020A Bonds, concurrently with the delivery of the Series 2020A Bonds guaranteeing the scheduled payment when due of the principal of and interest on the Series 2020A Bonds; and (d) the municipal bond insurance policy or financial guaranty insurance policy issued by the Bond Insurer concurrently with the delivery of any other Utility Indebtedness guaranteeing the scheduled payment when due of the principal of and interest on such Utility Indebtedness.

Bond Insurance Policy means the municipal bond insurance policy issued by the Bond Insurer concurrently with the delivery of the Bonds guaranteeing the scheduled payment when due of the principal of and interest on the Bonds.

Bond Insurance Policy means that standard policy of the Insurer, if acquired, to ensure timely payment of the scheduled principal of and interest on the Bonds to the owners thereof, upon satisfaction of all preconditions set forth in said Policy, as specifically noted by a legend or other appropriate text hereby authorized to be printed on the Bonds themselves. If no Bond Insurance Policy is acquired by the Local Government Unit at the time the Bonds are issued, then the term “Bond Insurance Policy” will not be relevant to the Bonds.

Bond Insurance Policy means the municipal bond insurance policy issued by the Bond Insurer, if any, guaranteeing the scheduled payment of principal of and interest on the Bonds when due.

Bond Insurance Policy or “Insurance Policy” means the insurance policy issued by the Bond Insurer guaranteeing the scheduled payment of principal of and the interest when due on the Bonds.]