Defaulted Bonds definition

Defaulted Bonds means any issue of Bonds in which there has been a payment default or with respect to which a Determination of Taxability has occurred.
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Examples of Defaulted Bonds in a sentence

  • If any one or more of the Underwriters shall fail at the Time of Delivery to purchase the amount of Bonds which it or they are obligated to purchase hereunder (the "Defaulted Bonds"), then the Representatives shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Bonds in such amounts as may be agreed upon and upon the terms herein set forth.

  • If, however, during such 24 hours the Representatives shall not have completed such arrangements for the purchase of all of the Defaulted Bonds, then the Company shall be entitled to a further period of 24 hours within which to procure another party of parties satisfactory to the Representatives to purchase all of such Defaulted Bonds on such terms.

  • If, however, during such 24 hours the Representatives shall not have completed such arrangements for the purchase of all of the Defaulted Bonds, then the Company shall be entitled to a further period of 24 hours within which to procure another party or parties satisfactory to the Representatives to purchase all of such Defaulted Bonds on such terms.

  • Collection of Indebtedness and Suits for Enforcement by Trustee; Distribution of Amounts Received in Respect of Defaulted Bonds...................

  • In the event that the Non-defaulting Underwriters or the Company shall have arranged for the purchase of the Defaulted Bonds as provided above, then either the Company or ▇▇▇▇▇▇▇ ▇▇▇▇▇ shall have the right to postpone the Time of Delivery for such period, not exceeding three Business Days, in order that the required changes in the Registration Statement, the Prospectus and any other documents or arrangements may be effected.

  • If any one or more of the Under- writers shall fail at the Time of Delivery to purchase the amount of Bonds which it or they are obligated to purchase hereunder (the ''Defaulted Bonds''), then the Representatives shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Bonds in such amounts as may be agreed upon and upon the terms herein set forth.

  • If any one or more of the Underwriters shall fail at the Time of Delivery to purchase the amount of Bonds which it or they are obligated to purchase hereunder (the 12 17 "Defaulted Bonds"), then the Representatives shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Bonds in such amounts as may be agreed upon and upon the terms herein set forth.

  • Collection of Indebtedness and Suits for Enforcement by Trustee; Distribution of Amounts Received in Respect of Defaulted Bonds .................................

  • Collection of Indebtedness and Suits for Enforcement by Trustee; Distribution of Amounts Received in Respect of Defaulted Bonds.................

  • After the permitted substitution for Defaulted Bonds or for Bonds that are not Defaulted Bonds set forth above, the consent of the Holders of a majority of the Outstanding Certificate Balance of the Class A Certificates will be required for the substitution of Bonds.

Related to Defaulted Bonds

  • Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement

  • Defaulted Note Purchase Date shall have the meaning assigned to such term in Section 12.

  • Defaulted Advance means, with respect to any Lender Party at any time, the portion of any Advance required to be made by such Lender Party to the Borrower pursuant to Section 2.01 or 2.02 at or prior to such time that has not been made by such Lender Party or by the Administrative Agent for the account of such Lender Party pursuant to Section 2.02(e) as of such time. In the event that a portion of a Defaulted Advance shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Advance shall be considered a Defaulted Advance originally required to be made pursuant to Section 2.01 on the same date as the Defaulted Advance so deemed made in part.

  • Defaulted Amount means, with respect to any Lender Party at any time, any amount required to be paid by such Lender Party to any Agent or any other Lender Party hereunder or under any other Loan Document at or prior to such time that has not been so paid as of such time, including, without limitation, any amount required to be paid by such Lender Party to (a) the Swing Line Bank pursuant to Section 2.02(b) to purchase a portion of a Swing Line Advance made by the Swing Line Bank, (b) the Issuing Bank pursuant to Section 2.03(c) to purchase a portion of a Letter of Credit Advance made by the Issuing Bank, (c) the Administrative Agent pursuant to Section 2.02(e) to reimburse the Administrative Agent for the amount of any Advance made by the Administrative Agent for the account of such Lender Party, (d) any other Lender Party pursuant to Section 2.13 to purchase any participation in Advances owing to such other Lender Party and (e) any Agent or the Issuing Bank pursuant to Section 7.05 to reimburse such Agent or the Issuing Bank for such Lender Party’s ratable share of any amount required to be paid by the Lender Parties to such Agent or the Issuing Bank as provided therein. In the event that a portion of a Defaulted Amount shall be deemed paid pursuant to Section 2.15(b), the remaining portion of such Defaulted Amount shall be considered a Defaulted Amount originally required to be paid hereunder or under any other Loan Document on the same date as the Defaulted Amount so deemed paid in part.

  • Defaulted Interest has the meaning specified in Section 307.