Pledged First Mortgage Bonds definition

Pledged First Mortgage Bonds means the first mortgage bonds of the Company issued from time to time under the First Mortgage pledged and delivered by the Company to the Trustee pursuant to Section 4.1 or 4.8 hereof.
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Pledged First Mortgage Bonds. The term "
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Examples of Pledged First Mortgage Bonds in a sentence

  • The Company, at its own expense, shall do such further lawful acts and things, and execute and deliver such additional conveyances, assignments, assurances, agreements and instruments, as may be necessary in order to better assign, assure and confirm to the Trustee its interest in the Pledged First Mortgage Bonds and for maintaining, protecting and preserving such interest.

  • The Trustee shall, together with such Pledged First Mortgage Bonds, deliver to the Company such appropriate instruments of transfer or release as the Company may reasonably request.

  • Each Officer of the Association shall hold office for one year but is eligible for re-election subject to clause 24.2.

  • From and after the Substitution Date, any conditions to the issuance of Notes that refer or relate to Pledged First Mortgage Bonds or the First Mortgage shall be inapplicable.

  • The Company shall not be permitted to cause the surrender or exchange of all or any part of an issue of Pledged First Mortgage Bonds contemplated in this Section, if after such surrender or exchange, the aggregate outstanding principal amount of the related issue of Senior Notes would exceed the aggregate outstanding principal amount of such issue of Pledged First Mortgage Bonds held by the Trustee.

  • If an Event of Default shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture and, upon such declaration, the Trustee can demand the redemption of the Pledged First Mortgage Bonds as provided in the Indenture.

  • Without limiting the Trustee's obligations to exercise rights and powers vested in it under the Indenture and this First Supplemental, upon the Senior Notes becoming due and payable following an Event of Default in accordance with Section 502 of the Indenture, if any Pledged First Mortgage Bonds are then outstanding, the Trustee shall exercise such of its rights and powers as it has as the holder of Pledged First Mortgage Bonds.

  • The Company shall not be permitted to cause the surrender or exchange of all or any part of an issue of Pledged First Mortgage Bonds contemplated in this Section, if after such surrender or exchange, the aggregate outstanding principal amount of the related issue of Notes would exceed the aggregate outstanding principal amount of such issue of Pledged First Mortgage Bonds held by the Trustee.

  • Each issue of Pledged First Mortgage Bonds delivered to the Trustee pursuant to Section 3.01 or Section 3.08 hereof shall have the same stated rate or rates of interest (or interest calculated in the same manner), Interest Payment Dates, stated maturity date and redemption provisions, and shall be in the same aggregate principal amount, as the related issue of Senior Notes.

  • Smalls) Personnel are employed for a one year period by the Board of Education.

Related to Pledged First Mortgage Bonds

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • Existing Bonds means the following obligations of Seller:

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • 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.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Mortgage Amendments as defined in Section 6.11(a).

  • Existing Mortgages means the Mortgages executed and delivered in connection with the Existing Credit Agreement.

  • Original Bonds has the meaning set forth in the recitals hereto.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Aircraft Mortgage means that “Aircraft Mortgage” as defined in Section 4.01(e), as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • First Mortgagee means the holder of any First Mortgage.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Mortgage Amendment has the meaning set forth in Section 6.12(a).

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.