School Bonds means School Obligations issued as Bonds.
Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.
Bank Bonds means any Bonds registered in the name of the Liquidity Facility Provider pursuant to Section 7.8(b) of this 2017 Series A/B Indenture.
Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.
Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.