State Bonds definition
Examples of State Bonds in a sentence
Project Bonds shall be redeemed or purchased on a pro rata basis between the State Bonds and City Bonds.
The first such request will be submitted and appropriated under applicable law for the Fiscal Year of the State necessary for the first payment due on the State Bonds.
Under the State Indenture, the Authority will, as additional security for the State Bonds, assign, transfer, pledge and grant a security interest to the Trustee in the State Payments and other moneys received by the Authority hereunder and directed to be deposited by the Authority with the Trustee under the State Indenture (the “State Obligations”).
The State agrees to cooperate in connection with the issuance of the State Bonds and to execute documentation necessary or appropriate to cause the issuance of the State Bonds.
The Margin Value of Assets which constitute qualified First Interstate Bank Deposits; Cash and Cash Equivalents; US Government Securities, Commercial Paper; Municipal and State Bonds; Corporate Bonds; Equities; Exchange Traded Fund; and Mutual Funds Assets (“Qualified Assets”) that are contained in the Property shall at all times exceed the outstanding balance of the Indebtedness (“Value Requirement”).