Eligible Bond definition
Eligible Bond means one of the bonds listed on Schedule 3 to the Term Sheet attached hereto.
Eligible Bond means, as of any date, an Eligible Security (a) that is a debt obligation, (b) that was part of an initial issuance of at least $250,000,000 or the Dollar equivalent, (c) with a remaining maturity of ten years or less, (d) that was not issued by a debtor-in-possession, (d) that does not contain any PIK interest or PIK interest option, (e) that is not in default (i) with respect to any payment of principal or interest, or (ii) for any other default, for over sixty (60) days, (f) having a market value, as determined by at least one Pricing Service, of at least 60% of the par value thereof, and (g) that is not Eligible Commercial Paper.
Eligible Bond means any Bonds bearing interest at a Variable Rate or a Long- Term Interest Rate not fixed to the maturity of the Bonds, other than Bonds owned by, for the account of, or on behalf of, the Issuer, and excludes, in any event, Liquidity Provider Bonds and Bonds that have been removed from coverage under this Agreement by redemption, defeasance or substitution of an Alternate Liquidity Facility.
Examples of Eligible Bond in a sentence
The Tender Agent may assume that a Bond is an Eligible Bond unless it has actual knowledge to the contrary.
The Tender Agent may assume that a Bond is an Eligible Bond unless it has actual knowledge that such Bond is not an Eligible Bond.
In making draws or claims for payment under the Liquidity Facility for the Bonds of a subseries, the Trustee and the Tender Agent shall act on behalf and for the account and benefit of the Holders of such Bonds and not on behalf, for the account or benefit, or subject to the control of any Holder of a Bond other than an Eligible Bond.
With respect to (i) any Eligible Bond held by a Trust represented by a GSE Security held by or behalf of Treasury and (ii) any Temporary Credit and Liquidity Facility, Treasury shall be entitled to exercise Decision Control so long as the Crossover Date has not occurred and the GSEs shall be entitled to exercise Decision Control on and after the Crossover Date.
The Eligible Bond or Temporary Credit and Liquidity Facility for which the reconciliation is made.
More Definitions of Eligible Bond
Eligible Bond means either an Investment Grade Bond or a Non-Investment Grade Bond for which (i) the Borrower or one of its Affiliates was the issuer, (ii) the Borrower is the current owner, and (iii) Greenwich Capital Markets, Inc. was the underwriter or placement agent.
Eligible Bond means each of the Collateralized Fixed Rate Par Bonds Due 2020 to be issued by the Borrower in dollars as described in the Financing Plan in a principal amount equal to 100% of the principal amount of the Eligible Debt (as hereinafter defined) to be exchanged for such Bonds payable with interest at a fixed rate per annum depending on the applicable currency as shown in the Financing Plan;
Eligible Bond means a tax-exempt bond or participation interest in a tax-exempt bond, as applicable, identified in Schedule I attached to this Agreement.
Eligible Bond means a tax-exempt bond or participation interest in a tax-exempt bond, as applicable, identified inSchedule I attached to this Agreement. “Eligible Bond Payment Date” means the date on which principal, redemption price or interest is payable on an Eligible Bond in accordance with its terms.
Eligible Bond means any bond outstanding as of the date hereof: (i) that was (A) issued to an Eligible Obligee, (B) identified in the AIG Surety Agreement as entitled to seek reimbursement from TCC, and (C) set forth on Schedule 1.2 hereof, and (ii) with respect to which any letter of credit issued on behalf of TransCore to secure such bond has been or is hereafter released. An Eligible Bond also shall mean any bond that (x) will be issued to an Eligible Obligee (A) on or between the date hereof and October 31, 2003, or (B) after October 31, 2003 if such surety bond is scheduled to be released on or before October 31, 2004, (y) will be issued pursuant to a Surety Bond Agreement by an Issuer to an Eligible Obligee on behalf of TransCore or its Affiliates, and (z) contains customary terms and conditions, including standard subrogation and other rights, and guaranteeing to the Eligible Obligee payment or performance by TransCore or its Affiliates under a contract between TransCore or its Affiliates and the Eligible Obligee; provided, however, that a bond that does not meet the requirements of paragraph (x) of this sentence but that does meet the requirements of paragraphs (y) and (z) of this sentence will be deemed to be an Eligible Bond if TransCore delivers to TCC an Additional Letter of Credit in an amount equal to one-third (1/3) of the amount of the bond; provided further, that notwithstanding the terms of any such surety bond, the AIG Highstar Payment Commitment shall, in all cases, be subject to the AIG Highstar Payment Limit as provided herein and the AIG Highstar Payment Commitment shall be further limited by the application of Section 5.5 hereof.
Eligible Bond means an Unsecured Bond acquired by the Borrower that at all times satisfies the Eligibility Criteria.
Eligible Bond means, at any time of determination, any Bond which is identified as an Eligible Bond on the Bond Schedule (whether held by the Origination Trust or the Owner Trust at such time of determination) and as to which all of the representations and warranties of Charter Mac and the Account Party contained in Section 4 of the Charter Equity Contribution Agreement and Charter Contribution Agreement, respectively, are true, and are not, in any material and adverse respect, false, incorrect or misleading.