Local Bond definition

Local Bond means the bond in substantially the form attached to this Financing Agreement as Exhibit A issued by the Borrower to the Authority pursuant to this Agreement.
Local Bond means the Local Government's Solid Waste System Revenue Bond, Series 2015, issued in the original principal amount set forth in Schedule 1.1, as such bond may be amended or modified.
Local Bond means the bond in substantially the form attached to this Agreement as Exhibit A issued by the Borrower to the Authority, as Administrator of the Fund, pursuant to this Agreement.

Examples of Local Bond in a sentence

  • The proceeds to be received from any such sale or disposition shall be applied first to cure any default that may exist in the payment of the principal of or interest on the Local Bond.

  • Upon any such declaration, the Local Government shall immediately pay to the Trustee the entire unpaid principal of and accrued interest on the Local Bond, but only from the Revenues and other funds specifically pledged hereby.

  • Upon the occurrence and continuation of an Event of Default, VRA may proceed to protect and enforce its rights by mandamus or other action, suit or proceeding at law or in equity for specific performance of any agreement contained in the Local Bond or this Agreement.

  • No remedy conferred by this Agreement upon or reserved to the registered owners of the Local Bond is intended to be exclusive of any other remedy, but each such remedy shall be cumulative and shall be in addition to any other legally available remedy given to VRA under this Agreement or now or hereafter existing at law or in equity or by statute.

  • Upon the occurrence and continuation of an Event of Default, VRA may, by notice in writing delivered to the Local Government, declare the entire unpaid principal of and interest on the Local Bond due and payable.


More Definitions of Local Bond

Local Bond means the Local Government's [_ ], Series 2020, issued in the original principal amount set forth in Schedule 1.1, as such bond may be amended or modified.
Local Bond means the Local Government's [NAME OF LOCAL BOND], issued in the original principal amount set forth in Schedule 1.1, as such bond may be amended or modified.
Local Bond means, collectively, the Water and Sewer System Revenue Bond, Series 2007C issued by the Borrower to the Trustee, as amended by the Allonge and the Second Allonge, each attached to the Local Bond and made a part thereof.
Local Bond means, collectively, the Original Local Bond and the Allonge, in the aggregate amount of $2,500,000.
Local Bond means the Local Government's Broadband Infrastructure Revenue Bond, Series 2015, issued in the original principal amount set forth in Schedule 1.1, as such bond may be amended or modified.
Local Bond means the Local Government's Water and Sewer System Revenue Refunding Bond, Series 2018, issued in the original principal amount set forth in Schedule 1.1, as such bond may be amended or modified.
Local Bond means the Local Government's County Project VRA Special Fund Revenue Bond, Series 2107, issued in the original principal amount set forth in Schedule 1.1, as such bond may be amended or modified.