Initial Bond definition

Initial Bond means any Bond issued on the First Issue Date. “Initial Bond Issue” has the meaning set forth in Clause 2.1.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Initial Bond means the Bond authorized, issued, and initially delivered as provided in Section 3 of this Bond Order.

Initial Bond means the initial Bond registered by the Comptroller and subsequently canceled and replaced by a definitive Bond pursuant to this Indenture.

Examples of Initial Bond in a sentence

• In the event that the Initial Bond Trustee obtains possession of any collections of Additional Customer Charges, the Initial Bond Trustee shall notify the Additional Bond Trustee of such fact, shall hold such collections in trust and shall promptly deliver them to the Additional Bond Trustee upon request.

• In the event that the Additional Bond Trustee obtains possession of any collections of Initial Customer Charges, the Additional Bond Trustee shall notify the Initial Bond Trustee of such fact, shall hold such collections in trust and shall promptly deliver them to the Initial Bond Trustee upon request.

• Notwithstanding anything herein to the contrary, (i) the Initial Bond Trustee shall not be required to execute any such agreements, instruments, releases or other documents unless directed to do so by an “Issuer Order,” as such term is defined in the Initial Indenture, and (ii) the Additional Bond Trustee shall not be required to execute any such agreements, instruments, releases or other documents unless directed do so by an “Issuer Order,” as such term is defined in the Additional Indenture.

• In addition, the Initial Bond Trustee shall not be required to execute any such amendment unless directed to do so by an “Issuer Order,” as such term is defined in the Initial Indenture.

• Notwithstanding anything herein to the contrary, the Initial Bond Trustee shall not be required to execute any such agreements, instruments, releases or other documents unless directed to do so by an “Issuer Order,” as such term is defined in the Initial Indenture.

More Definitions of Initial Bond

Initial Bond means the Bond authorized, issued, and initially delivered as provided in Sections 3.02 and 3.10 of this Bond Order.

Initial Bond means the Initial Bond authorized by Section 6(d).

Initial Bond means the Initial Bond authorized by Section 3.4 of this Ordinance. “Interest and Sinking Fund” means the interest and sinking fund established by

Initial Bond means the initial bond authorized by Section 3.04(d) of this Ordinance.

Initial Bond means any Bond issued on the First Issue Date.

Initial Bond means one or more Bonds of a Series authorized, issued, sold and initially delivered hereunder and upon which the registration certificate, manually executed by or on behalf of the Comptroller, has been placed.

Initial Bond means the Initial Bond as set forth in Exhibit A to this Indenture.