Pledged Bond definition

Pledged Bond means the Two Billion Canadian Dollars (Cdn.$2,000,000,000) Series 18 Bond of the Borrower issued and certified under the Trust Indenture.

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Pledged Bond means any 2003 Bond pledged to the Credit Issuer pursuant to the Pledge Agreement in connection with the provision of moneys under the Credit Facility and as described in the Resolution.

Pledged Bond means any Revenue Obligation purchased and held by a Credit Issuer pursuant to a Credit Facility Agreement. A Revenue Obligation shall be deemed a Pledged Bond only for the actual period during which such Revenue Obligation is owned by a Credit Issuer pursuant to a Credit Facility Agreement.

Examples of Pledged Bond in a sentence

The Company covenants and agrees that it will defend the Bank's right, title and security interest in and to the Pledged Bond Collateral and the proceeds thereof against the claims and demands of all persons whomsoever.
The Pledged Bond Collateral shall serve as security for the payment and performance when due of the Reimbursement Obligations.
The Notes, when issued and sold by the Company, and the Pledged Bond, when issued by the Company, will comply in all material respects with the terms, conditions and limitations set forth in such order.
As general and continuing security for the due payment and performance of all present and future indebtedness, liabilities and obligations of the Borrower to the Agent and to the Lenders under the Existing Credit Agreement, the Borrower provided to the Agent on behalf of the Lenders a pledge of the Senior Pledged Bond, Series 2, such pledge being pursuant to the Bond Delivery Agreement.
The Company may take such actions as it shall deem necessary, desirable or appropriate to effect compliance with such restrictions on transfer, including the placing of a legend on each Pledged Bond and the issuance of stop-transfer instructions to the trustee under the related Class “A” Mortgage or any other transfer agent thereunder.

More Definitions of Pledged Bond

Pledged Bond has the meaning specified in the Preliminary Statement.

Pledged Bond means any Bond purchased with proceeds provided by the Credit Facility which is registered to the Bank or its designee pursuant to Section 311(a).

Pledged Bond means any Bond pledged to the Credit Facility Provider (and, if applicable, other parties) pursuant to the Pledge Agreement in connection with the provision of monies under a Credit Facility.

Pledged Bond means any Bond pledged to the LOC Bank (and, if applicable, other parties) pursuant to the Pledge Agreement in connection with the provision of monies under a Letter of Credit.

Pledged Bond means each Bond for which payment of the purchase ------------ price is made, in whole or in part, with the proceeds of a drawing by the Trustee under a Letter of Credit. "Remarketing Agreement" means each Remarketing Agreement, dated as --------------------- of October 1, 1995, between the Company, on the one hand, and the Remarketing Agent, on the other hand as the same shall have been amended, modified or supplemented from time to time.

Pledged Bond means any Bond during the period from and including the date of its purchase by the Trustee on behalf of and as agent for the Borrower with the proceeds of a Draw under a Letter of Credit or Draw under an Alternate Credit Facility, as applicable, to, but excluding, the date on which the amount of the Draw made by a Credit Provider on account of such Pledged Bond is reinstated under the Letter of Credit.

Pledged Bond means a Bond purchased with moneys provided to the Tender Agent, or a beneficial interest in a Bond purchased with moneys provided to the Remarketing Agent, pursuant to Section 3.03(b) hereof. All references to “Pledged Bond,” as applied to a specific Series of Bonds, shall be of no effect at any time such Series of Bonds constitutes an Unenhanced Series, except with respect to vested rights.