Preference Proof Moneys definition

Preference Proof Moneys means (i) moneys drawn on a letter of credit, (ii) proceeds of the Bonds plus any additional amount paid by the Underwriter to the Trustee in excess of the offering price, (iii) proceeds of a Lender Collateral Deposit, or (iv) moneys in connection with which the Trustee shall have been delivered an opinion of bankruptcy counsel acceptable to it to the effect that the use of such moneys would not be avoidable as a preference under Section 547 of the United States Bankruptcy Code or give rise to a stay under Section 362(a) of the United States Bankruptcy Code. “Preference Proof Moneys” shall also include investment earnings derived from any of the foregoing.
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Preference Proof Moneys means (i) moneys drawn on a letter of credit, (ii) proceeds of the Bonds, (iii) proceeds of the Mortgage Loan or (iv) moneys in connection with which the Trustee shall have been delivered on opinion of bankruptcy counsel acceptable to it to the effect that the use of such moneys would not be avoidable as a preference under Section 547 of the United States Bankruptcy Code or give rise to a stay under Section 362(a) of the United States Bankruptcy Code.
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Preference Proof Moneys means (i) the proceeds of the Bonds or any other amounts received by the Trustee from the Underwriter of the Bonds; (ii) moneys drawn on a letter of credit;
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Examples of Preference Proof Moneys in a sentence

  • The Borrower has made arrangements for the delivery to the Trustee of the Pass-Through Certificate and of certain other Preference Proof Moneys as contemplated herein and in the Indenture.


More Definitions of Preference Proof Moneys

Preference Proof Moneys means (i) moneys drawn on a letter of credit, (ii) proceeds of the Bonds including any additional amount paid by the Underwriter to the Trustee in excess of the offering, or in the case of a remarketing, the reoffering, price of the Bonds, (iii) proceeds of a Lender Collateral Deposit, (iv) proceeds of the Subordinate Loan deposited with the Trustee on behalf of the Borrower, or (v) moneys in connection with which the Trustee shall have been delivered an opinion of bankruptcy counsel acceptable to it to the effect that the use of such moneys
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Preference Proof Moneys means (i) moneys drawn on a letter of credit, (ii) proceeds of the Bonds plus any Underwriter’s Advance or any additional amount paid by the Underwriter to the Trustee in excess of the offering price (or in the case of a remarketing, by the Remarketing Agent in excess of the reoffering price) of the Bonds, (iii) proceeds of a Lender Collateral Deposit,
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Preference Proof Moneys means (i) moneys drawn on a letter of credit, (ii) proceeds of the Bonds, (iii) proceeds of the Mortgage Loan or (iv) moneys in connection with which the Trustee shall have been delivered an opinion of bankruptcy counsel acceptable to it to the effect that the use of such moneys would not be avoidable as a preference under Section 547 of the United States Bankruptcy Code or give rise to a stay under Section 362(a) of the United States Bankruptcy Code.
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Related to Preference Proof Moneys

  • Preference Claim As defined in Section 4.02 hereof.

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Prefunded Warrant means, collectively, the Prefunded Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Prefunded Warrants shall be exercisable immediately and shall expire when exercised in full, in the form of Exhibit B attached hereto.

  • Alternate Judgment means a form of final judgment that may be entered by the Court herein but in a form other than the form of Judgment provided for in this Stipulation.