Existing Bond definition
Examples of Existing Bond in a sentence
For the avoidance of doubt, such additional fee shall not be payable in respect of any Existing Bond.
To the extent any escrows or bond repayment deposits established in connection with the Bonds or Existing Bond and Mortgage Documents are not refunded to Seller at Closing, the proceeds in said escrows shall be assigned to Purchaser and the amounts thereof shall be a credit to Seller at the Closing.
Owner has complied in all material respects with the requirements of each loan agreement executed in connection with the Existing Bond Issues.
Seller hereby authorizes Purchaser to discuss any and all issues relating to the Bonds and the Existing Bond and Mortgage Documents with Fannie Mae, the Issuer, the Trus▇▇▇, ▇h▇ ▇ender (all such terms, hereinafter defined) and any other interested parties.
Except as set forth in the Existing Bond Documentation, no Subsidiary shall be a party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its capital stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Loan Documents or Applicable Law.