Borrower Bonds definition

Borrower Bonds means any Bond registered to the Borrower or any affiliate thereof or held by the Trustee for the account of the Borrower.

Borrower Bonds means (i) Bonds owned or held by the Borrower or any Affiliate of the Borrower, or by the Trustee or the Tender Agent, or the agent of either of them, for the account of the Borrower or any Affiliate of the Borrower, including, but not limited to, Pledged Bonds, or (ii) Bonds which the Borrower has notified the Trustee, or which the Trustee knows, were purchased by another Person for the account of the Borrower or any Affiliate of the Borrower, including, but not limited to, Pledged Bonds.

Borrower Bonds means any Bond registered to the Borrower or any affiliate thereof or held by the Trustee for the account of the Borrower. “Business Day” means a day on which banking institutions located in New York, New York, or in the city in which the principal corporate trust

Examples of Borrower Bonds in a sentence

• The exclusions from the limit include, without limitation, increases required to be raised for debt service as defined by law (which includes the Borrower Bonds), extraordinary costs directly related to a declared emergency, and certain increases in pension contributions and health care costs over 2%.

• These amendments to the CAP Law do not limit the obligation of a Local Unit Borrower to levy ad valorem taxes upon all taxable real property within the Local Unit Borrower to pay debt service on its bonds or notes (which includes its Borrower Bonds).

• We understand that these Loan Agreements and Borrower Bonds will be placed in escrow on the date hereof and will be released from escrow in completed form and delivered to the Trust and the State, respectively, on the date of closing on the Trust’s bond issue for the Program, which is estimated to occur on or about May 21, 2015 (the “Loan Closing”).

• The Government Borrower Guaranties require that the Government Borrower Guarantors pay debt service on the respective Refunding Program Borrower Bonds of the respective Refunding Program Borrowers.

• The Refunding Program Borrower Service Agreements require that Refunding Program Participants pay certain deficiencies or other amounts (the “Refunding Program Annual Charges”), including the Refunding Program Participants’ share of debt service on the respective Refunding Program Borrower Bonds of the respective Special Obligation Refunding Program Borrower.

More Definitions of Borrower Bonds

Borrower Bonds means Bonds purchased with moneys described in Section 4.05(c)

Borrower Bonds means Bonds that have been purchased by the Borrower in accordance with Section 3.1(E) of the Agreement.

Borrower Bonds means the Bonds held for and on behalf of the Borrower or any nominee for (or any Person who owns such Bonds for the sole benefit of) the Borrower pursuant to Section 418(c) hereof.

Borrower Bonds means any Bonds of which ownership is registered in the name of the Borrower or any Affiliate, other than Pledged Bonds.

Borrower Bonds means Bonds that have been purchased by the Borrower in accordance with Section 3.1(E) of this Agreement.

Borrower Bonds means Borrower's 7 1/8% Senior Debentures due December 15, 2007.

Borrower Bonds means Bonds, other than Pledged Bonds, the Registered Owner or Beneficial Owner of which is the Borrower (or any affiliate of the Borrower). For purposes of this definition, (a) an “affiliate” means any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Borrower; and (b) “control” means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise.