First Mortgage Bonds definition

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

First Mortgage Bonds means obligations of such XXXX 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 XXXX 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 XXXX Supplier hereunder or its Guarantor under the Guaranty to the Companies or any of them.

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

Examples of First Mortgage Bonds in a sentence

• Upon receipt of a Margin Call, the applicable XXXX Supplier shall provide to the Companies Margin Collateral, which shall comprise of cash, a Letter of Credit, or First Mortgage Bonds delivered or pledged as provided for in Section 6.9(c) below.

• Commonwealth Edison Company, an Illinois corporation (the “Company”), proposes to issue and sell from time to time First Mortgage Bonds (the “Mortgage Bonds”).

• The Mortgage contains restrictions on the issuance of First Mortgage Bonds based on Property Additions that are subject to other liens and upon the increase of the amount of those liens.

• The Mortgage secures the Bonds as well as all other First Mortgage Bonds already issued under the Mortgage and still outstanding.

• If this occurs, FPL may redeem First Mortgage Bonds of any series that are redeemable for such reason at the redemption prices applicable to those First Mortgage Bonds.

More Definitions of First Mortgage Bonds

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.

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

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 this Agreement.

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

First Mortgage Bonds means the series of first mortgage bonds designated the (i) “First Mortgage Bonds, Series LLL due 2037” and (ii) “First Mortgage Bonds, Series MMM due 2052” issued by the Company pursuant to the Mortgage Indenture, as security for the related Notes.

First Mortgage Bonds means any bond, however designated, entitled to the benefits of a First Mortgage Indenture.

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