Restructuring bonds definition
Restructuring bonds means bonds or other evidences of indebt-
Restructuring bonds. [“Bonos de Reestructuración”] means “bonds, notes, or other evidences of long term indebtedness that are issued by the Corporation pursuant to this Act, any Restructuring Resolution and the Trust Agreement related thereto (a) the payments on or proceeds of which are used, directly or indirectly, to finance or refinance Approved Restructuring Costs, (b) that are directly or indirectly secured by, or payable from, Restructuring Property, and (c) that have a term no less than one (1) year and no longer than thirty-five years.” PRA, Art. 31 para. 3. The Bonds, as defined above, refer to those Restructuring Bonds that would be authorized by the proposed Restructuring Resolution.
Restructuring bonds means bonds, or other evidences of long-term indebtedness issued by the Corporation pursuant to this Act, any Restructuring Resolution and the Trust Agreement related thereto: (a) whose proceeds are used, directly or indirectly, to finance or refinance Approved Restructuring Costs; (b) which are directly or indirectly secured by, or payable from, Restructuring Property; and (c) which have a term of not less than one (1) year nor more than thirty-five (35) years.
More Definitions of Restructuring bonds
Restructuring bonds means bonds or other evidences of indebtedness that are issued pursuant to an indenture or other agreement of the restructuring bond issuer under a restructuring cost financing order