P&P Bonds definition

P&P Bonds has the meaning set forth in Section 3.2.3.1.
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P&P Bonds means the bonds meeting the requirements of Article 16.2.1 of the Agreement.
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P&P Bonds has the meaning set forth in Section 7.4.4 of the Capital Maintenance Agreement.
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Examples of P&P Bonds in a sentence

  • In the event the P&P Bonds expire without renewal or otherwise are no longer in effect during the Maintenance Period, TxDOT shall withhold funds (the “Retainage”) from each payment to be made to DB Contractor for the Maintenance Services until the earlier to occur of (a) the date on which replacement Maintenance Security satisfying the requirements hereunder is provided to TxDOT or (b) the date that is one year after the end of the Maintenance Period.

  • Any cash collateral not otherwise utilized by TxDOT with respect to DB Contractor’s obligations under the CMA Documents shall be returned to DB Contractor upon the earlier of (i) delivery by DB Contractor of replacement P&P Bonds meeting the requirements of this Section 7.4 or the P&P Letter of Credit and Guaranty (if required) in accordance with Sections 7.2, 7.3 and 7.6 and (ii) one year after the end of the Maintenance Period.

  • DB Team shall furnish, either P&P Bonds meeting the requirements of this Article 16.2 as performance and payment security for the Work.

  • The 2028 Series PP Bonds shall be subject to redemption at the option of the Company or otherwise, and shall be subject to mandatory redemption, in the manner provided in the applicable provisions of Article Ten of the Indenture, as amended by Article III of this Supplemental Indenture.

  • The 2028 Series PP Bonds shall be payable to the Collateral Agent, and shall be nontransferable except to a successor of the Collateral Agent, in accordance with the Note Purchase Agreement.

  • The 2028 Series PP Bonds shall be dated as provided in § 2.05 of the Indenture.

  • The definitive 2028 Series PP Bonds may be issued in the form of engraved Bonds or Bonds printed or lithographed on steel engraved borders or Bonds in typed form on normal bond paper.

  • The aggregate principal amount of 2028 Series PP Bonds which may be authenticated and delivered and outstanding under the Indenture is Fifty Million Dollars ($50,000,000).

  • Subject to the foregoing provisions of this Section and the provisions of § 2.11 of the Indenture, all definitive 2028 Series PP Bonds shall be fully exchangeable for other Bonds of the same series, of like aggregate principal amounts, and, upon surrender to the Trustee at its principal office, shall be exchangeable for other Bonds of the same series of a different authorized denomination or denominations, as requested by the holder surrendering the same.

  • The 2028 Series PP Bonds shall be in the form of registered Bonds without coupons of denominations of One Thousand Dollars ($1,000) and any integral multiple thereof which may be authorized by the Company, the issue of a registered Bond without coupons in any such denomination to be conclusive evidence of such authorization.

Related to P&P Bonds

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.