First Mortgage Bonds definition

First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

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First Mortgage Bonds means one or more series of bonds issued and delivered under the Company Mortgage and held by the Trustee pursuant to Section 5.9 of the Loan Agreement.

First Mortgage Bonds means all first mortgage bonds issued by the Company and outstanding under the First Mortgage, other than Senior Note First Mortgage Bonds.

Examples of First Mortgage Bonds in a sentence

Since the Execution Date until such Closing, before and after giving effect to the issue and sale of the Notes to be sold at such Closing (and the application of the proceeds thereof as contemplated by Schedule 5.14) and the issue of the applicable First Mortgage Bonds, no Default or Event of Default shall have occurred and be continuing.
Based upon the immediately preceding sentence, neither the Company nor the issue and sale of the Notes or the issuance of the First Mortgage Bonds pursuant to the Supplemental Indentures is subject to regulation under the Public Utility Holding Company Act of 2005, as amended.
No “Event of Default” under the Mortgage Indenture exists on the date of execution and delivery of this Agreement or, upon the execution and delivery thereof, the Supplemental Indentures, or will exist immediately after giving effect to the transactions contemplated by this Agreement or the Supplemental Indentures and the applications of the proceeds from the issue and sale of the Notes and the issuance of the First Mortgage Bonds.
The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Supplemental Indentures, the First Mortgage Bond Documents to which it is a party, the Notes and the First Mortgage Bonds, and to perform the provisions hereof, thereof and of the Mortgage Indenture.
Except as provided above and as otherwise provided pursuant to applicable law, the Collateral Agent shall have no duty as to the collection or protection of the First Mortgage Bonds or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of rights pertaining to the First Mortgage Bonds beyond the safe custody of any First Mortgage Bonds in the Collateral Agent’s possession.

More Definitions of First Mortgage Bonds

First Mortgage Bonds bonds issued by the Borrower pursuant to the FMB Indenture.

First Mortgage Bonds means obligations of such ▇▇▇▇ Supplier or Guarantor, as the case may be, evidenced by a first mortgage bond or other similar instrument and secured by a first priority lien on all or substantially all of the property, plant and equipment and related assets of such ▇▇▇▇ Supplier or Guarantor. Notwithstanding anything in this Agreement to the contrary, the Companies may exercise any rights or claims to any collateral posted, delivered or pledged to them under this Agreement, before, after, concurrently with, or to the exclusion of, any other collateral posted, delivered or pledged, and in particular are not required to exercise any remedies whatsoever against any First Mortgage Bonds prior to applying any cash collateral against, or making a drawing under any letter of credit in respect of, any liabilities of the ▇▇▇▇ Supplier hereunder or its Guarantor under the Guaranty to the Companies or any of them.

First Mortgage Bonds means bonds or other indebtedness issued by CIPS, CILCO or IP, as applicable, pursuant to the CILCO Indenture, the CIPS Indenture or the IP Indenture, respectively.

First Mortgage Bonds means bonds or other indebtedness issued (including for pledge to secure other Indebtedness) pursuant to the Existing UE Indenture.

First Mortgage Bonds means the Borrower's First Mortgage Bonds issued under the First Indenture.

First Mortgage Bonds means those first mortgage bonds issued pursuant to the FMB Indenture.

First Mortgage Bonds means all first mortgage bonds issued by the Company and outstanding under the First Mortgage, other than Pledged Bonds.