Pledged Bonds definition

Pledged Bonds means the related series of Bonds and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture.

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Pledged Bonds means any Bonds which shall, at the time of determination thereof, be pledged to the Credit Provider pursuant to or in connection with the Credit Facility.

Pledged Bonds has the meaning assigned to that term in the Pledge Agreement.

Examples of Pledged Bonds in a sentence

• If an Event of Default has occurred and is continuing, the Bank may, without notice, exercise all rights, privileges or options pertaining to any Pledged Bonds as if it were the absolute owner of such Pledged Bonds, upon such terms and conditions as it may determine, all without liability except to account for property actually received by it, but the Bank shall have no duty to exercise any of those rights, privileges or options and shall not be responsible for any failure to do so or delay in so doing.

• The Company further acknowledges the impossibility of ascertaining the amount of damages that would be suffered by the Bank by reason of a breach of any of such covenants and, consequently, agrees that, if the Bank shall sue for wages for breach, it shall pay, as liquidated damages and not as a penalty, an amount equal to the principal of, and accrued interest on, the Pledged Bonds on the date the Bank shall demand compliance with this Section 9.

• The Bank acknowledges that, and will use commercially reasonable efforts to notify prior to the date of any such sale, assignment, or disposition and delivery, any purchaser of any Collateral consisting of Pledged Bonds that, upon such selling, assigning or disposing of and delivery of any portion of such Pledged Bonds, that such Pledged Bonds are unrated.

• The Company instructs and authorizes the Custodian to hold and receive on the Bank’s behalf and to deliver forthwith to the Bank any payment received by it in respect of the Collateral (including, without limitation, the proceeds of any remarketing of the Pledged Bonds).

• The Bank instructs and authorizes the Custodian upon such release of any Pledged Bonds from the Lien of this Agreement, to cause DTC to make appropriate entries on its books decreasing the appropriate securities account of the Custodian to exclude such Pledged Bonds and to reclassify, by book- entry or otherwise, the Pledged Bonds as not subject to a security interest in favor of the Bank.

More Definitions of Pledged Bonds

Pledged Bonds means unsold or repurchased Bonds held now or in the future in the name of the Issuer on the Issuance Account (defined as Issuer-Owned Bonds in the Terms and Conditions).

Pledged Bonds means any Bonds that have been (i) pledged or in which any interest has otherwise been granted to a Security Instrument Issuer as collateral security for Security Instrument Repayment Obligations or (ii) purchased and held by a Security Instrument Issuer pursuant to a Security Instrument.

Pledged Bonds means any Bonds that have been pledged or in which any interest has otherwise been granted to a Security Instrument Issuer as collateral security for Security Instrument Repayment Obligations.

Pledged Bonds means Bonds (or portions thereof) purchased with moneys drawn under the Credit Facility.

Pledged Bonds means any Bond at any time purchased, in whole or in part, with the proceeds of a draw on the Letter of Credit upon tender of such Bond and held by the Trustee as nominee for the Bank pursuant to the provisions of Section 305 of the Indenture.

Pledged Bonds as defined in the KGE Collateral Agreement.

Pledged Bonds has the meaning specified in Section 2.06.