Insured Bonds definition

Insured Bonds means any series or certain maturities in any series of bonds to be insured by a municipal bond new issue insurance policy to be issued simultaneously with the delivery of Bonds by the Bond Insurer.

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Insured Bonds means the Insured Series 2017A Bonds, the Insured Series 2019A Bonds, the Series 2020A Bonds, and any other Utility Indebtedness of which the scheduled payment of principal and interest is guaranteed by a Bond Insurance Policy.

Insured Bonds means any Bonds the payments on which are insured by a Bond Insurance Policy.

Examples of Insured Bonds in a sentence

• Scheduled Payments may be on parity with the debt service on the Insured Bonds.

• Unless otherwise consented to in writing by the Insurer, any uninsured net settlement, breakage or other termination amount then in effect shall be subordinate to debt service on the Insured Bonds and on any debt on parity with the Insured Bonds.

• Buyer will indemnify and hold harmless any Seller Indemnified Party from and against any Losses suffered or incurred by them in connection with any of the foregoing Insured Bonds from and after the Closing, including any expenses or fees incurred in connection with any such Insured Bond being called or terminated.

• Such amounts shall be disbursed by the Paying Agent to Insured Bondholders in the same manner as principal and interest payments are to be made with respect to the Insured Bonds under the sections hereof regarding payment of Insured Bonds.

• In addition, the Paying Agent and each Insured Bondholder delegate and assign to the Insurer (with respect to the Insured Bonds only), to the fullest extent permitted by law, the rights of the Trustee and each Insured Bondholder in the conduct of any Insolvency Proceeding, including, without limitation, all rights of any party to an adversary proceeding or action with respect to any court order issued in connection with any such Insolvency Proceeding.

More Definitions of Insured Bonds

Insured Bonds means any Utility Indebtedness of which the scheduled payment of principal and interest is guaranteed by a Bond Insurance Policy.

Insured Bonds means any Series of Bonds insured by a Bond Insurer.

Insured Bonds means bonds or other obligations insured by the state under this subchapter.

Insured Bonds means the PREPA Revenue Bonds insured pursuant to insurance policies issued by the Monoline Insurers.

Insured Bonds means those Bonds, if any, insured by a Bond Insurance Policy, as set forth in the Sale Certificate pursuant to the Section hereof entitled “Delegation and Parameters.”

Insured Bonds means the Bond maturities identified as Insured Bonds in Section

Insured Bonds means the Bonds maturing on September 1 of the years 20 through 20 _, inclusive.