Predecessor Bond definition

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for the purposes of this definition, any Bond authenticated and delivered under Section 2.06 in lieu of a lost, destroyed or stolen Bond shall be deemed to evidence the same debt as the lost, destroyed or stolen Bond.

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Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for the purposes of this definition, any Bond authenticated and delivered under Section 3.06 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Bond shall be deemed (to the extent lawful) to evidence the same debt as the mutilated, destroyed, lost or stolen Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this definition, any Bond authenticated and delivered under Section 2.07 of this Indenture in lieu of a lost, stolen or destroyed Bond shall, except as otherwise provided in Section 2.07, be deemed to evidence the same debt as the lost, stolen or destroyed Bond.

Examples of Predecessor Bond in a sentence

• Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Bonds (or their respective Predecessor Bond) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

• Any consent or request of the Holder of any Predecessor Bond shall bind every future Holder of the same Bond with respect to anything done or suffered to be done by the Authority, the Trustee, the Bond Registrar or any Paying Agent or Authenticating Agent pursuant to that request or consent.

• Every new Bond issued pursuant to this Section shall constitute, consistent with the provisions of the Predecessor Bond, an additional contractual obligation of the Authority, whether or not the predecessor Bond shall be found at any time.

• Any such consent or waiver by the Holder of this Bond or any Predecessor Bond (as such term is defined in the Indenture) evidencing the same debt shall be conclusive and binding upon such Holder and upon all future Holders thereof and of any Bond issued upon the transfer thereof or in exchange therefor or in lieu thereof, whether or not notation of such consent or waiver is made upon this Bond.

More Definitions of Predecessor Bond

Predecessor Bond. With respect to any Bond of a Series and Class, every previous Bond of that Series and Class evidencing all or a portion of the same debt as that evidenced by such Bond; for the purpose of this definition, any Bond of a Series authenticated and delivered under Section 2.06 in lieu of a mutilated, lost, destroyed or stolen Bond of the same Series and Class shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same indebtedness as that evidenced by such particular Bond; and, for the purposes of this definition, any Bond authenticated and delivered under Section 2.09 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Bond shall be deemed to evidence the same indebtedness as the mutilated, destroyed, lost or stolen security.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond including Bonds for which other Bonds have been issued. For the purposes of this definition, any Bond authenticated and delivered in lieu of a lost, stolen or destroyed Bond shall, except as otherwise provided in the Bond Resolution, be deemed to evidence the same debt as the lost, stolen or destroyed Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this

Predecessor Bond of any particular Senior Bond means every previous Senior Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this definition, any Senior Bond authenticated and delivered under Section 2.10 of this Indenture in lieu of a lost, stolen or destroyed Senior Bond shall, except as otherwise provided in Section 2.10, be deemed to evidence the same debt as the lost, stolen or destroyed Senior Bond.

Predecessor Bond means every previous Bond evidencing all or a portion of the same obligation as that evidenced by a particular Bond. For this purpose, any Bond authenticated and delivered under Section 2.08 of this CFC Master Trust Agreement shall be deemed to evidence, except as otherwise provided in Section 2.08 of this CFC Master Trust Agreement, the same debt as the lost, stolen or destroyed Bond.

Predecessor Bond of any particu- lar Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this definition, any Bond authenticat- ed and delivered under Section 1.06 of the Master Trust Agreement in lieu of a lost, stolen or destroyed Bond shall, except as otherwise provided in Sec- tion 1.06 of the Master Trust Agree- ment, be deemed to evidence the same debt as the lost, stolen or destroyed Bond.