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.
Pledged Bonds means any Bonds purchased by the Borrower with payments made on the Credit Facility, which Bonds are registered in the name of the Borrower and held by the Trustee on behalf of the Credit Enhancer pursuant to the terms of the Bond Pledge Agreement, until such time as such Bonds are sold by the Borrower or by the Remarketing Agent.
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.

Examples of Pledged Bonds in a sentence

  • From and after the Release Date, the Company shall not issue any additional Mortgage Bonds, including Pledged Bonds, under the Mortgage.

  • The Collateral Agent under the KGE Collateral Agreement shall have received the certificates representing the Pledged Bonds.

  • The Pledge shall not be affected by the number and/or denomination of any Pledged Bonds being inaccurate or incomplete.

  • Accordingly, the Trustee shall withdraw amounts from the Borrower’s Principal Account to make payments of principal on such Pledged Bonds when due.

  • Pursuant to the provisions of the Letter of Credit and the Indenture, the Trustee shall not make any drawings under the Letter of Credit to pay principal or interest due on any Pledged Bonds.


More Definitions of Pledged Bonds

Pledged Bonds has the meaning assigned to that term in the Pledge Agreement.
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 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 as defined in the KGE Collateral Agreement.
Pledged Bonds has the meaning specified in Section 2.06.
Pledged Bonds means the Bonds purchased pursuant to the optional or mandatory tender provisions of the Indenture with moneys drawn under the Letter of Credit.
Pledged Bonds means the Bank Bonds.