{"component": "definition", "props": {"groups": [{"samples": [{"hash": "1v1OwbnpB7g", "uri": "http://pdf.secdatabase.com/1424/0001193125-11-064037.pdf", "label": "pdf.secdatabase.com", "score": 19.6982353186, "published": false}, {"hash": "c01VE2llarJ", "uri": "https://www.sec.gov/Archives/edgar/data/892992/000119312513117512/d503551dex995c.htm", "label": "Nuveen Arizona Premium Income Municipal Fund Inc", "score": 8.2142368241, "published": false}, {"hash": "fRusAzniD7p", "uri": "https://www.sec.gov/Archives/edgar/data/878198/000119312512374556/d372007dex995c.htm", "label": "Nuveen Michigan Quality Income Municipal Fund Inc", "score": 7.6611909651, "published": false}], "snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P\u2019s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P\u2019s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P\u2019s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.", "snippet_links": [{"key": "municipal-obligations", "type": "definition", "offset": [6, 27]}, {"key": "in-accordance-with", "type": "definition", "offset": [81, 99]}, {"key": "legal-defeasance", "type": "definition", "offset": [106, 122]}, {"key": "not-rated", "type": "definition", "offset": [288, 297]}, {"key": "in-the-event", "type": "clause", "offset": [515, 527]}, {"key": "sp-eligible-asset", "type": "definition", "offset": [567, 585]}, {"key": "does-not-meet", "type": "definition", "offset": [586, 599]}, {"key": "the-criteria", "type": "clause", "offset": [600, 612]}, {"key": "issue-type-category", "type": "definition", "offset": [692, 711]}, {"key": "prior-to", "type": "clause", "offset": [731, 739]}], "size": 82, "hash": "0c2be857573185611aefb6d2668f6add", "id": 1}, {"samples": [{"hash": "4hKfpGXVBkN", "uri": "/contracts/4hKfpGXVBkN#escrowed-bonds", "label": "By Laws (Colonial Insured Municipal Fund)", "score": 18.0, "published": true}, {"hash": "4CfaX1cqHsB", "uri": "/contracts/4CfaX1cqHsB#escrowed-bonds", "label": "By Laws (Colonial California Insured Municipal Fund)", "score": 18.0, "published": true}, {"hash": "8lzFRSWtzpK", "uri": "https://www.sec.gov/Archives/edgar/data/845606/000091293813000028/q771a2.txt", "label": "Agreement and Declaration of Trust (MFS High Income Municipal Trust)", "score": 9.0773442847, "published": false}], "snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P's legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P's economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by Moody's, or (iv) have been determined to be economically defeased by Moody's and assigned a rating no lower than the rating that is Moody's equivalent of S&P's AAA rating.", "snippet_links": [{"key": "municipal-obligations", "type": "definition", "offset": [6, 27]}, {"key": "in-accordance-with", "type": "definition", "offset": [81, 99]}, {"key": "legal-defeasance", "type": "definition", "offset": [106, 122]}, {"key": "not-rated", "type": "definition", "offset": [288, 297]}], "size": 32, "hash": "ee0769878a54e36f67b189983677a77e", "id": 2}, {"samples": [{"hash": "bFitbLltI6e", "uri": "/contracts/bFitbLltI6e#escrowed-bonds", "label": "By Laws (Colonial Insured Municipal Fund)", "score": 18.0, "published": true}, {"hash": "8YQYaEVmmBX", "uri": "/contracts/8YQYaEVmmBX#escrowed-bonds", "label": "By Laws (Colonial New York Insured Municipal Fund)", "score": 18.0, "published": true}, {"hash": "2gdjgJ6Syp1", "uri": "/contracts/2gdjgJ6Syp1#escrowed-bonds", "label": "By Laws (Colonial California Insured Municipal Fund)", "score": 18.0, "published": true}], "snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P's legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P's economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by Mood\u2587'\u2587, \u2587\u2587 (iv) have been determined to be economically defeased by Mood\u2587'\u2587 \u2587\u2587\u2587 assigned a rating no lower than the rating that is Mood\u2587'\u2587 \u2587\u2587\u2587ivalent of S&P's AAA rating.", "snippet_links": [{"key": "municipal-obligations", "type": "definition", "offset": [6, 27]}, {"key": "in-accordance-with", "type": "definition", "offset": [81, 99]}, {"key": "legal-defeasance", "type": "definition", "offset": [106, 122]}, {"key": "not-rated", "type": "definition", "offset": [288, 297]}], "size": 17, "hash": "193b9f94405ca9424f4353e113d0ab90", "id": 3}, {"samples": [{"hash": "j71TJt6eASK", "uri": "http://www.registerofohio.state.oh.us/pdfs/122/0/4/122-4-01_PH_OF_A_RU_20020930_1558.pdf", "label": "www.registerofohio.state.oh.us", "score": 9.0082135524, "published": false}, {"hash": "9WdkJDNctDM", "uri": "http://www.registerofohio.state.oh.us/pdfs/122/0/4/122-4-01_PH_OF_A_RU_20071012_1212.pdf", "label": "www.registerofohio.state.oh.us", "score": 8.8507871321, "published": false}, {"hash": "kwbBSxWqyKZ", "uri": "https://www.registerofohio.state.oh.us/pdfs/122/0/4/122-4-01_PH_WDF_A_RU_20200713_1606.pdf", "label": "www.registerofohio.state.oh.us", "score": 8.2648870637, "published": false}], "snippet": "means bonds the terms of which require: (a) ninety-five per cent or more of the proceeds of such bonds are escrowed until the occurrence of a specified event or events, and (b) if the specified event or events fail to occur, the escrowed proceeds are to be used to pay the principal of, and interest or premium on, the bonds.", "snippet_links": [{"key": "terms-of", "type": "clause", "offset": [16, 24]}, {"key": "per-cent", "type": "definition", "offset": [56, 64]}, {"key": "specified-event", "type": "clause", "offset": [142, 157]}, {"key": "escrowed-proceeds", "type": "definition", "offset": [229, 246]}, {"key": "to-pay", "type": "clause", "offset": [262, 268]}, {"key": "principal-of", "type": "definition", "offset": [273, 285]}, {"key": "and-interest", "type": "clause", "offset": [287, 299]}, {"key": "the-bonds", "type": "definition", "offset": [315, 324]}], "size": 8, "hash": "16a682fe3bed5ae97f5e9b48d78f12bf", "id": 4}, {"samples": [{"hash": "kzuQ6NQoZFv", "uri": "https://www.sec.gov/Archives/edgar/data/872064/000119312510216393/dex99a2.htm", "label": "Articles of Incorporation (Nuveen Select Quality Municipal Fund Inc)", "score": 9.7282683094, "published": false}, {"hash": "3xb6QN683kw", "uri": "https://www.sec.gov/Archives/edgar/data/872064/000119312510216393/dex99a3.htm", "label": "Nuveen Select Quality Municipal Fund Inc", "score": 5.7282683094, "published": false}, {"hash": "cqkQ3UEpFLI", "uri": "https://www.sec.gov/Archives/edgar/data/1176984/000094039408001104/amendmentstoarticleviiofby-l.htm", "label": "Eaton Vance Insured Municipal Bond Fund", "score": 3.0, "published": false}], "snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P\u2019s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P\u2019s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by Moody\u2019s or (iv) have been determined to be economically defeased by Moody\u2019s and assigned a rating no lower than the rating that is Moody\u2019s equivalent of S&P\u2019s AAA rating.", "snippet_links": [{"key": "municipal-obligations", "type": "definition", "offset": [6, 27]}, {"key": "in-accordance-with", "type": "definition", "offset": [81, 99]}, {"key": "legal-defeasance", "type": "definition", "offset": [106, 122]}, {"key": "not-rated", "type": "definition", "offset": [288, 297]}], "size": 8, "hash": "84021a8e71684adf65f19b6b0e997f94", "id": 5}, {"samples": [{"hash": "eKqlbUCUcqG", "uri": "/contracts/eKqlbUCUcqG#escrowed-bonds", "label": "Bylaws (Putnam Managed Municipal Income Trust)", "score": 32.1608487337, "published": true}, {"hash": "gLEeXWsiT0g", "uri": "/contracts/gLEeXWsiT0g#escrowed-bonds", "label": "Bylaws (Putnam Managed Municipal Income Trust)", "score": 32.158110883, "published": true}], "snippet": "means Municipal Bonds that (i) have been determined to be legally defeased in accordance with S&P\u2019s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P\u2019s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P\u2019s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Bond will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance. This amendment is effective as of November 2, 2007.", "snippet_links": [{"key": "municipal-bonds", "type": "clause", "offset": [6, 21]}, {"key": "in-accordance-with", "type": "definition", "offset": [75, 93]}, {"key": "legal-defeasance", "type": "definition", "offset": [100, 116]}, {"key": "not-rated", "type": "definition", "offset": [282, 291]}, {"key": "in-the-event", "type": "clause", "offset": [509, 521]}, {"key": "sp-eligible-asset", "type": "definition", "offset": [561, 579]}, {"key": "does-not-meet", "type": "definition", "offset": [580, 593]}, {"key": "the-criteria", "type": "clause", "offset": [594, 606]}, {"key": "issue-type-category", "type": "definition", "offset": [680, 699]}, {"key": "prior-to", "type": "clause", "offset": [719, 727]}, {"key": "this-amendment", "type": "clause", "offset": [745, 759]}], "size": 4, "hash": "595003cdc8bcb07d66a9931517b7bc8a", "id": 6}, {"samples": [{"hash": "eKqlbUCUcqG", "uri": "/contracts/eKqlbUCUcqG#escrowed-bonds", "label": "Bylaws (Putnam Managed Municipal Income Trust)", "score": 32.1608487337, "published": true}, {"hash": "gLEeXWsiT0g", "uri": "/contracts/gLEeXWsiT0g#escrowed-bonds", "label": "Bylaws (Putnam Managed Municipal Income Trust)", "score": 32.158110883, "published": true}], "snippet": "means Municipal Bonds that (i) have been determined to be legally defeased in accordance with S&P\u2019s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P\u2019s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P\u2019s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Bond will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance. Notwithstanding the foregoing, all aforementioned definitions and limitations are further subject to the requirements and limitations as set forth in \u201cMethodology And Assumptions For Market Value Securities\u201d published by Standard & Poor\u2019s Ratings Services on September 17, 2013. This Amendment is effective as of March 21, 2014. WHEREAS, Article 14, Section 14.1 of the Amended and Restated Bylaws (the \u201cBylaws\u201d) of \u2587\u2587\u2587\u2587\u2587\u2587 Managed Municipal Income Trust (the \u201cTrust\u201d) permits the Trustees to amend or to repeal the Bylaws except as otherwise expressly stated in the Bylaws.", "snippet_links": [{"key": "municipal-bonds", "type": "clause", "offset": [6, 21]}, {"key": "in-accordance-with", "type": "definition", "offset": [75, 93]}, {"key": "legal-defeasance", "type": "definition", "offset": [100, 116]}, {"key": "not-rated", "type": "definition", "offset": [282, 291]}, {"key": "in-the-event", "type": "clause", "offset": [509, 521]}, {"key": "sp-eligible-asset", "type": "definition", "offset": [561, 579]}, {"key": "does-not-meet", "type": "definition", "offset": [580, 593]}, {"key": "the-criteria", "type": "clause", "offset": [594, 606]}, {"key": "issue-type-category", "type": "definition", "offset": [680, 699]}, {"key": "prior-to", "type": "clause", "offset": [719, 727]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [745, 774]}, {"key": "definitions-and-limitations", "type": "clause", "offset": [795, 822]}, {"key": "requirements-and-limitations", "type": "clause", "offset": [850, 878]}, {"key": "value-securities", "type": "definition", "offset": [935, 951]}, {"key": "standard-poor", "type": "definition", "offset": [966, 981]}, {"key": "this-amendment", "type": "clause", "offset": [1024, 1038]}, {"key": "article-14", "type": "definition", "offset": [1083, 1093]}, {"key": "section-141", "type": "clause", "offset": [1095, 1107]}, {"key": "amended-and-restated-bylaws", "type": "clause", "offset": [1115, 1142]}, {"key": "income-trust", "type": "definition", "offset": [1186, 1198]}, {"key": "the-trustees", "type": "clause", "offset": [1221, 1233]}, {"key": "to-amend", "type": "definition", "offset": [1234, 1242]}, {"key": "the-bylaws", "type": "clause", "offset": [1256, 1266]}], "size": 3, "hash": "1611014da870507ebaf359f29c00f457", "id": 7}, {"samples": [{"hash": "9eXf38QfBiH", "uri": "https://codes.ohio.gov/assets/laws/administrative-code/authenticated/122/0/4/122-4-01_20200723.pdf", "label": "codes.ohio.gov", "score": 8.6249144422, "published": false}], "snippet": "means bonds the terms of which require: (a) ninety-five per cent or more of the proceeds of such bonds are escrowed until the occurrence of a specified event or events, and (b)", "snippet_links": [{"key": "terms-of", "type": "clause", "offset": [16, 24]}, {"key": "per-cent", "type": "definition", "offset": [56, 64]}, {"key": "specified-event", "type": "clause", "offset": [142, 157]}], "size": 2, "hash": "b61e248d462aa9b10a4b3b064a0f470c", "id": 8}, {"samples": [{"hash": "f3Tjeb0qONq", "uri": "https://www.sec.gov/Archives/edgar/data/845606/000119312508167663/dex99b.htm", "label": "MFS High Income Municipal Trust", "score": 3.0, "published": false}], "snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P\u2019s legal defeasance criteria, (ii) have been", "snippet_links": [{"key": "municipal-obligations", "type": "definition", "offset": [6, 27]}, {"key": "in-accordance-with", "type": "definition", "offset": [81, 99]}, {"key": "legal-defeasance", "type": "definition", "offset": [106, 122]}], "size": 1, "hash": "8d2cc94773dca950feee13fe35646d91", "id": 9}, {"samples": [{"hash": "9Ckdcwrn4kv", "uri": "https://www.sec.gov/Archives/edgar/data/1092896/000091293808000037/a77q1.txt", "label": "Agreement and Declaration of Trust (MFS California Insured Municipal Fund)", "score": 6.0, "published": false}], "snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P's legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P's economic defeasance criteria and assigned a", "snippet_links": [{"key": "municipal-obligations", "type": "definition", "offset": [6, 27]}, {"key": "in-accordance-with", "type": "definition", "offset": [81, 99]}, {"key": "legal-defeasance", "type": "definition", "offset": [106, 122]}], "size": 1, "hash": "6ddb340e273dfeb3558d1270fa1ab1d8", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIXZXNjcm93ZWQtYm9uZHMjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P\u2019s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P\u2019s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P\u2019s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.", "title": "Escrowed Bonds", "size": 159, "id": "escrowed-bonds", "examples": ["The Escrow Agent shall, at least 60 days prior to the Bond Payment Date, determine the amount of money which will be available in the Escrow Fund to pay the principal of the <strong>Escrowed Bonds</strong> on the Bond Payment Date and certify in writing to the District (a) the amount so determined and (b) a list of the money and Escrowed Securities held by it in the Escrow Fund on the date of such certification, including all money held by it which were received as interest or profit from Escrowed Securities.", "The holders of the <strong>Escrowed Bonds</strong> are hereby given an express lien on and security interest in the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement.", "The District will not be liable (a) for any loss resulting from any investment made pursuant to this Agreement, (b) for the accuracy of the calculations as to the sufficiency of the Escrowed Securities and money in the Escrow Fund to pay the principal of and interest on the <strong>Escrowed Bonds</strong> or (c) for any acts of the Escrow Agent, except as described in Section 8(d).", "So long as the Escrow Agent applies the Escrowed Securities and money as provided herein, the Escrow Agent will not be liable for any deficiencies in the amounts necessary to pay the <strong>Escrowed Bonds</strong> caused by such calculations.", "The District hereby directs the Escrow Agent to take such further action as may be necessary under the Series 2015 Bond Resolution to redeem the <strong>Escrowed Bonds</strong> in the principal amount and at the time set forth in Schedule 1 hereto.", "In accordance with the provisions of the Series 2015 Bond Resolution, the District has provided the Paying Agent with irrevocable instructions to provide notice of redemption of the <strong>Escrowed Bonds</strong> as required by the Series 2015 Bond Resolution.", "The matured principal of and earnings on the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned and except as otherwise provided herein shall be applied solely for the payment of the principal of, redemption premium, if any, and interest on the <strong>Escrowed Bonds</strong>.", "For more information about the Complaints and Appeals or External Review processes, call the Member Services telephone number shown on the Member\u2019s ID card.", "The matured principal of and earnings on the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned and except as otherwise provided herein shall be applied solely for the payment of the principal of and interest on the <strong>Escrowed Bonds</strong>."], "related": [["pledged-bonds", "Pledged Bonds", "Pledged Bonds"], ["series-2021-bonds", "Series 2021 Bonds", "Series 2021 Bonds"], ["refunded-bonds", "Refunded Bonds", "Refunded Bonds"], ["escrowed-securities", "Escrowed Securities", "Escrowed Securities"], ["escrowed-funds", "Escrowed Funds", "Escrowed Funds"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}