PACE bond definition
PACE bond means any bond, note, or other evidence of
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.
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.
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.