Interest Bearing Bonds definition

Interest Bearing Bonds means a series of interest-bearing First Mortgage Bonds created under the Supplemental Indenture issued in favor of, and in form and substance satisfactory to, the Agent.
View Source
Interest Bearing Bonds means the Series 2009 Bonds from and after the Tax Credit Conversion Date, if
View Source

Examples of Interest Bearing Bonds in a sentence

  • All payments made pursuant to this Section 2.7 shall be deemed to be payments of Obligations evidenced by Zero Rate Bonds (except to the extent such payment results in the Aggregate Outstanding Credit Exposure being less than the face amount of all Interest Bearing Bonds).

  • Upon any permanent reduction in the Aggregate Commitment pursuant to the terms of this Section 2.5(b), the Agent shall, upon request of the Company, promptly surrender to or upon the order of the Company one or more Bonds specified by the Company; provided that (i) the Company remains in compliance with Section 6.10; and (ii) the Agent shall not be required to surrender any Interest Bearing Bonds so long as any Zero Rate Bonds remain outstanding.

  • Beginning on the Initial Borrowing Date and continuing until the Commitments have terminated and all Obligations have been paid in full, cause (a) the sum of (i) the face amount of all Interest Bearing Bonds plus (ii) the Discounted Amount of all Zero Rate Bonds to at all times be equal to or greater than (b) the sum of the Aggregate Outstanding Credit Exposure plus all accrued and unpaid Commitment Fees, LC Fees and interest hereunder.

Related to Interest Bearing Bonds

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Series 2020 Bonds means, collectively, the Series 2020A Bonds and the Series 2020B Bonds.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Net Interest Bearing Debt means the aggregate interest bearing debt less cash and cash equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time (for the avoidance of doubt, excluding guarantees, bank guarantees, Subordinated Loans, any claims subordinated pursuant to a subordination agreement in form and substance satisfactory to the Agent and interest bearing debt borrowed from any Group Company).