First Mortgage Bond definition

First Mortgage Bond means any of the foregoing as the context may require.

First Mortgage Bond means (a) a first mortgage bond of the Fifty-third Series issued to the Administrative Agent on the Closing Date under a supplemental indenture to the First Mortgage, in a principal amount equal to the total Commitments on the date of execution and delivery of this Agreement, and/or (b) any first mortgage bond issued under a supplemental indenture to the First Mortgage in addition to, or in substitution for, a first mortgage bond previously delivered to the Administrative Agent pursuant to this Agreement, including in connection with an increase in the total Commitments pursuant to Section 2.10(c) or a reduction in the total Commitments pursuant to Section 2.10(b), 2.20 or 9.08(a).

First Mortgage Bond means (a) a first mortgage bond of the Fifty-sixth Series issued to the Administrative Agent on the Closing Date under a supplemental indenture to the First Mortgage, in the principal amount of $90,000,000, and/or (b) any first mortgage bond issued under a supplemental indenture to the First Mortgage in addition to, or in substitution for, a first mortgage bond previously delivered to the Administrative Agent pursuant to this Agreement.

Examples of First Mortgage Bond in a sentence

• If the XXXX Supplier receives a Margin Call after 1:00 p.m. prevailing Eastern Time on a Business Day, whether posting cash, a Letter of Credit, or First Mortgage Bond delivered or pledged as provided for in Section 6.9(c) below, then the XXXX Supplier must post Margin Collateral on the second Business Day following the Margin Call unless the Companies agree in writing to extend the period to provide Margin Collateral.

• The Collateral Agent shall be fully justified in failing or refusing to take action under this Agreement or the First Mortgage Bond Documents unless it shall first receive such advice or concurrence of the Required Holders and it shall first be indemnified to its reasonable satisfaction by the holders against any and all liability and expense which may be incurred by it by reason of taking, continuing to take or refraining from taking any such action.

• The Collateral Agent may exercise its powers and execute any of its duties under this Agreement and the First Mortgage Bond Documents by or through employees, agents or attorneys-in-fact and shall be entitled to take and to rely on advice of counsel concerning all matters pertaining to such powers and duties.

• Notwithstanding any provision to the contrary set forth elsewhere in this Agreement or any document related hereto, the Collateral Agent shall not have any duties or responsibilities in its capacity as Collateral Agent except those expressly set forth herein or therein, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or the First Mortgage Bond Documents or otherwise exist against the Collateral Agent.

• The only duties and obligations which the Collateral Agent shall have are those set forth in this Agreement and in the First Mortgage Bond Documents.

More Definitions of First Mortgage Bond

First Mortgage Bond the First and Refunding Mortgage Bond issued by the Borrower to the Administrative Agent pursuant to the Indenture in the principal amount from time to time equal to the Total Commitments.

First Mortgage Bond means a bond of the Twenty-Eighth Series issued under the Supplemental Indenture, in a principal amount equal to the total Commitments on the date of this Agreement, payable to the Administrative Agent.

First Mortgage Bond. Bonds" or "Bond" shall be changed to "Senior Note," "Notes" or "Note," respectively, and the bracketed language in the form of the Bond attached hereto shall be deleted. From and after the Release Date, any Bond of the Initial Series that is not a Global Bond and that is surrendered to the Trustee for registration of transfer or exchange shall be issued with terms identical in all respects to the surrendered Bond except that the name of such Bond shall be changed from "First Mortgage Bond" to "Senior Note," all references in such Bond to "First Mortgage Bond," "Bonds" or "Bond" shall be changed to "Senior Note," "Notes" or "Note," respectively, and the bracketed language in the form of such Bond attached hereto shall be deleted.

First Mortgage Bond means (i) the Twenty-Ninth Series First Mortgage Bond or (ii) any first mortgage bond under the First Mortgage issued in substitution for a First Mortgage Bond in connection with a Commitment Increase pursuant to Section 2.10(d).

First Mortgage Bond contained in Section 1.01 of the Credit Agreement shall be amended to read as follows:

First Mortgage Bond means (a) a first mortgage bond of the Forty-seventh Series issued to the Administrative Agent on the Closing Date under a supplemental indenture to the First Mortgage, in a principal amount equal to the total Commitments on the date of execution and delivery of this Agreement, and/or (b) any first mortgage bond issued under a supplemental indenture to the First Mortgage in addition to, or in substitution for, a first mortgage bond previously delivered to the Administrative Agent pursuant to this Agreement, in each case in connection with a reduction or increase in the total Commitments pursuant to Section 2.09(b) or (c) or an extension of the Expiration Date pursuant to Section 2.19.

First Mortgage Bond has the meaning ascribed in Section 6.97(c) of this Agreement.