Bonded definition
Bonded has the meaning specified in Section 1.02(a).
Bonded as applied to Bonds (including Retired Bonds), Class “A” Bonds or Property Additions means that such Bonds, Class “A” Bonds or Property Additions are within one or more of the following classes:
(i) the aggregate amount of Property Additions which have been used as a basis for the authentication and delivery of Bonds pursuant to Section 4.03 or the withdrawal of cash pursuant to Section 4.05(c) or Section 8.06(a)(i);
(ii) Bonds which have been used as a basis for the authentication and delivery of Bonds pursuant to Section 4.04 or the withdrawal of cash pursuant to Section 4.05(c) or Section 8.06(a)(ii), and Bonds paid, purchased or redeemed with money used or applied by the Trustee pursuant to Section 8.06(a)(iv) or (v);
(iii) Bonds, Class “A” Bonds and the aggregate amount of Property Additions which have been used as the basis of the release of property from the Lien of this Indenture;
(iv) Bonds, Class “A” Bonds and the aggregate amount of Property Additions which have been allocated or used as a basis for any credit against the requirements of any sinking, improvement, maintenance, replacement or analogous fund for any series or Tranche of Bonds; provided, however, that any such Bonds, Class “A” Bonds or amount of Property Additions so allocated or used shall be reinstated as Unbonded when all of the Bonds of the series or Tranche of Bonds in connection with such fund was established are retired;
(v) Class “A” Bonds which (x) have been used as a basis for the authentication and delivery of Bonds pursuant to Section 4.02 or (y) cannot, at the time of determination, be used as a basis for the issuance of Class “A” Bonds under a Class “A” Mortgage;
(vi) the aggregate amount of Property Additions designated in an Engineer’s Certificate delivered to the Trustee pursuant to clause (iii) of Section 7.07(a) to be deemed to have been made the basis of the authentication and delivery of Bonds then Outstanding in connection with discharge of a Class “A” Mortgage.
Bonded means a lien bonded against in such a manner as to preclude the holder thereof from having any recourse to the Project or the Borrower for payment of any debt, or any obligations secured thereby.
Examples of Bonded in a sentence
The total number of Commonwealth supported places for higher education courses in medicine includes the number of Bonded Medical Places (BMP) Scheme, Medical Rural Bonded Scholarship (MRBS) Scheme and the reformed Bonded Medical Program (commencing 1 January 2020) places.
Each of Surety and Principal hereby consents to the automatic increase of the Bonded Sum as set forth in the prior sentence and waives notice related to such increase.
Commencing with the 2020 intake, the number of Bonded Medical Program places may be averaged over a period of three consecutive calendar years to calculate 28.5 per cent.
From 1 January 2021, the bonded places provided under the Bonded Medical Program must be used for Bonded Medical Program students only.
From 1 January 2021, the Provider must allocate 28.5 per cent of all commencing Commonwealth supported places for higher education courses in medicine to Bonded Medical Program students for the calendar year.
More Definitions of Bonded
Bonded means subject to customs control under customs laws;
Bonded means an effective and permanent means of physical or chemical adhesion.
Bonded has the meaning set forth in Section 4.01(G).
Bonded or “Bonding” as applied to Bonds or Bondable Property means that such Bonds or Bondable Property are within one or more of the following classes:
Bonded as applied to Bonds (including Retired Bonds), Class "A" Bonds or Property Additions means that such Bonds, Class "A" Bonds or Property Additions are within one or more of the following classes:
Bonded or "Bonded Expenditures" as applied to Net Expenditures for Property Additions shall mean the sum of (without duplication): (i) Exeter Pre-Merger Net Expenditures as have been used by Exeter as the basis for the issuance of bonds under the Exeter Indenture, the withdrawal of cash or other credit under any provision of the Exeter Indenture prior to the Merger Date (the "Exeter Pre-Merger Bonded Expenditures"), (ii) Company Pre-Merger Net Expenditures as have been used by the Company as the basis for the issuance of Bonds, the withdrawal of cash or the taking of other credit under the provision of this Indenture prior to the Merger Date (the "Company Pre-Merger Bonded Expenditures") and (iii) Company Post-Merger Net Expenditures as have been used as the basis for the issuance of Bonds, the withdrawal of cash or the taking of other credit under the provisions of this Indenture, on or after the Merger Date (the "Company Post-Merger Bonded Expenditures"); provided, however, (A) the Exeter Pre-Merger Net Expenditures which were bonded on the basis of a ratio of bonds issued or cash withdrawn or other credit taken under the Exeter Indenture of 60% of Net Expenditures for Property Additions shall be recalculated as of the Merger Date as though all such bonds so issued or cash withdrawn or other credit taken under the Exeter Indenture were bonded on the basis of a ratio of 68% of Net Expenditures for Property Additions rather than a ratio of 60%, all as calculated in Annex B to Exhibit B hereof, and the term "Exeter Pre-Merger Bonded Expenditures" shall reflect and mean the amount of bonded Net Expenditures for Property Additions so calculated, and (B) the Company Pre-Merger Net Expenditures used as a basis for bonds issued or cash withdrawn or other credit taken under the Indenture shall be bonded on the basis of a ratio of 68% of Net Expenditures for Property Additions, all as calculated in Annex C to Exhibit B hereof, and the term "Company Pre-Merger Bonded Expenditures" shall reflect and mean the amount of bonded Net Expenditures for Property Additions so calculated;
Bonded or “Bonding” as applied to Bonds, Prior ▇▇▇▇ ▇▇▇▇▇ or Bondable Property means that such Bonds, Prior ▇▇▇▇ ▇▇▇▇▇ or Bondable Property are within one or more of the following classes: