PACE bond definition

PACE bond means any bond, note, or other evidence of
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PACE bond means any bond, note, or other evidence of indebtedness representing an obligation to pay money, including refunding bonds, issued under or in accordance with Section 35.
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PACE bond means a bond issued by the Transferor under a master indenture together with a supplemental indenture secured by Transferor’s right to receive payment pursuant to one or more Assessment Contracts.
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Examples of PACE bond in a sentence

  • Examples include: proposals by the Department of Energy to back PACE bonds either in the form of a guarantor or as a direct purchaser and by USDA Energy Group to potentially back PACE bonds as a direct purchaser; pending federal legislation to make PACE bonds tax exempt (HR3525, ▇▇▇▇▇▇▇▇); adopted state legislation to establish a PACE bond reserve fund (SB ▇▇, ▇▇.

  • The Authority shall be paid an issuance fee from the Cost of Issuance Fee collected at the time of each PACE bond issuance by the Indenture trustee in an amount equal to 0.25% of the principal amount of the Bonds issued at the time of each issuance.


More Definitions of PACE bond

PACE bond means a bond issued by the Transferor under an Indenture secured by Transferor’s right to receive payment pursuant to one or more Assessment Contracts.
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Related to PACE bond

  • Reference Bond means for any Reset Period a government security or securities issued by the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall be Germany) selected by the Issuer on the advice of an investment bank of international repute as having an actual or interpolated maturity comparable with the relevant Reset Period that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities denominated in the same currency as the Notes and of a comparable maturity to the relevant Reset Period.

  • Bail bond means the same as that term is defined in Section 31A-35-102.

  • Surety Bond means a bond from a Bond company with a credit rating by AMBEST better than a “B”. The bonding company shall be certified to issue bonds in a state in which this Agreement is approved.

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • Corporate bond means a senior secured debt obligation issued by a domestic business entity and rated not lower than “AA-” or the equivalent by a nationally recognized investment rating firm. The term does not include a debt obligation that, on conversion, would result in the holder becoming a stockholder or shareholder in the entity, or any affiliate or subsidiary of the entity, that issued the debt obligation, or is an unsecured debt obligation. Gov’t Code 2256.0204(a)