Bond Ownership Rights definition

Bond Ownership Rights means (a) with respect to any Outstanding Current Interest Bond, the principal amount of such Bond; (b) with respect to any Outstanding Capital Appreciation Bond, the Accreted Value of such Bond as of the date on which the Bond Ownership Rights are being determined; and (c) with respect to all of the Outstanding Bonds together, the sum of the amounts determined pursuant to clauses (a) and (b). Notwithstanding any other provision of the Indenture, so long as the Central 70 Note is Outstanding, the Central 70 Developer shall be the Owner of all Bond Ownership Rights with respect to the First Tier Subordinate Bonds.
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Bond Ownership Rights means (a) with respect to any Outstanding Current Interest Bond, the principal amount of such Bond; (b) with respect to any Outstanding Capital Appreciation Bond, the Accreted Value of such Bond as of the date on which the Bond Ownership Rights are being determined; (c) with respect to any Outstanding TIFIA Loan, the principal amount of such TIFIA Loan; and (d) with respect to all the Outstanding Bonds together, the sum of the amounts determined pursuant to clauses (a), (b) and (c).
Sample 1Sample 2
Bond Ownership Rights means (a) with respect to any Outstanding Current Interest Bond, the principal amount of such Bond; (b) with respect to any Outstanding Capital Appreciation Bond, the Accreted Value of such Bond as of the date on which the Bond Ownership Rights are being determined; and (c) with respect to all the Outstanding Bonds together, the sum of the amounts determined pursuant to clauses (a) and (b).
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Examples of Bond Ownership Rights in a sentence

  • From and after the occurrence of a Bankruptcy Related Event with respect to the Senior Bond Payment Obligations or the TIFIA Loan Payment Obligations, any such direction must be provided by both the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds and USDOT.

  • If such Indenture Event of Default is described in subsection (c) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Junior Bonds shall, without further demand or notice, transfer moneys to the Junior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.04(c) hereof.

  • If such Indenture Event of Default is described in subsection (a) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds shall, without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.04(c) hereof.

  • Owners of Majority of Bond Ownership Rights and USDOT May Control Proceedings 43 Section 5.05.

  • If such Indenture Event of Default is described in subsection (a) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds shall, without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from other Accounts and Subaccounts (other than the Surplus Account) in accordance with Section 3.04(c) hereof.

  • If such Indenture Event of Default is described in subsection (c) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Junior Bonds shall, without further demand or notice, transfer moneys to the Junior Bonds Debt Service Account from other Accounts and Subaccounts (other than the Surplus Account) in accordance with Section 3.04(c) hereof.

  • If such Indenture Event of Default is described in subsection (a) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds shall, without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.05(c) hereof.

  • If the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds and USDOT object to the appointment of a successor Trustee pursuant to this subsection, the Transportation Enterprise shall appoint another successor Trustee and the Owners of the Senior Bonds and USDOT shall have the same right to object to the new successor Trustee.

  • If such Indenture Event of Default is described in subsection (c) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Junior Bonds shall, without further demand or notice, transfer moneys to the Junior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.05(c) hereof.

  • From and after the occurrence of a Bankruptcy Related Event with respect to the Transportation Enterprise, any such direction must be provided by both the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds and the TIFIA Lender.

Related to Bond Ownership Rights

  • Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

  • Beneficial Ownership Certification means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

  • Joint Ownership - (also known as equity JVs) means the establishment by two parent companies of a child company for a specific task within which both parent companies invest in order to overcome the limited capabilities vested within them in order that they can both benefit from the combined investment.

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Voting Rights The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to each Class of Notional Amount Certificates, if any (such Voting Rights to be allocated among the holders of Certificates of each such Class in accordance with their respective Percentage Interests), and (b) the remaining Voting Rights (or 100% of the Voting Rights if there is no Class of Notional Amount Certificates) shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on such date.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.