Bond Payoff definition

Bond Payoff has the meaning specified in Section 12.12. "Boundary Evidence" has the meaning specified in Section 6.03(a).
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Examples of Bond Payoff in a sentence

  • Evidence to Purchaser's satisfaction in its reasonable discretion of the payment, release, defeasance and/or redemption of Seller's Bonds and Notes (the "Bond Payoff").

  • The Purchaser shall not amend or modify the Bond Payoff Agreement, and the Sellers and the Companies agree to execute and deliver at the Closing the mutual releases specified in the Bond Payoff Agreement.

  • The Bond Payoff Agreement is in full force and effect and enforceable against each of the parties thereto in accordance with the provisions thereof.

  • The Bond Payoff Agreement has not been amended, modified or otherwise altered in any material respect and attached to the Purchaser's Disclosure Schedule is a true, complete and correct copy thereof.

Related to Bond Payoff

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture).

  • Collateral Fund Permitted Investments Either (i) obligations of, or obligations fully guaranteed as to principal and interest by, the United States, or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States, (ii) a money market fund rated in the highest rating category by a nationally recognized rating agency selected by the Company, (iii) cash, (iv) mortgage pass-through certificates issued or guaranteed by Government National Mortgage Association, FNMA or FHLMC, (v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date), the issuer of which may be an affiliate of the Company, having at the time of such investment a rating of at least A-1 by Standard and Poor's ("S&P") or at least F-1 by Fitch IBCA, Inc. ("Fitch") or (vi) demand and time deposits in, certificates of deposit of, any depository institution or trust company (which may be an affiliate of the Company) incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, so long as at the time of such investment either (x) the long-term debt obligations of such depository institution or trust company have a rating of at least AA by Fitch or S&P, (y) the certificate of deposit or other unsecured short-term debt obligations of such depository institution or trust company have a rating of at least F-1 by Fitch or A-1 by S&P or (z) the depository institution or trust company is one that is acceptable to either Fitch or S&P and, for each of the preceding clauses (i), (iv), (v) and (vi), the maturity thereof shall be not later than the earlier to occur of (A) 30 days from the date of the related investment and (B) the next succeeding Distribution Date as defined in the related Pooling and Servicing Agreement.