Substitute Bonds definition

Substitute Bonds means any new series of Bonds delivered in substitution for an existing series of Bonds in accordance with Section 3.10 of the Series Certificate Agreement on a Substitution Date.
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Substitute Bonds has the meaning specified in Section 5.09(a).
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Substitute Bonds. ' means any new series of Bonds delivered in substitution for an existing series of Bonds in accordance with Section 3.10 of the Series CertiÑcate Agreement on a Substitution Date.
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Examples of Substitute Bonds in a sentence

  • The foregoing statement does not in any way alter or change the DCR and LTV requirements for Substitute Bonds specified in Section 3.19 hereof.

  • Upon, and as a condition to, the issuance and delivery of the Substitute Bonds to the 1999A Revenue Bond Trustee, as aforesaid, Ambac shall surrender the Bonds to, or upon the order of, the Company.

  • In the event of a Failed Bond, the Sponsor may substitute therefor within 30 days notification to the Sponsor of a Failed Bond any other bonds (the "Substitute Bonds") by notifying the Trustee thereof and providing to the Corporation and to the Trustee such information regarding the Substitute Bonds as specified in the respective Exhibit A.

  • The Company hereby covenants to issue and deliver to the 1999A Revenue Bond Trustee, no later than June 15, 2005, First Mortgage Bonds, equal in principal amount to the 1999A Revenue Bonds and bearing interest at the same rate or rates, payable at the same times, as the 1999A Revenue Bonds (such First Mortgage Bonds being hereinafter called the "Substitute Bonds"), in order to evidence or secure the Company's obligations under Section 4.01 of the 1999A Loan Agreement.

  • Any Substitute Bonds shall include only bonds which the Corporation approves upon request of the Sponsor.

  • The Company hereby covenants to issue and deliver to the 1999B Revenue Bond Trustee, no later than June 15, 2005, First Mortgage Bonds, equal in principal amount to the 1999B Revenue Bonds and bearing interest at the same rate or rates, payable at the same times, as the 1999B Revenue Bonds (such First Mortgage Bonds being hereinafter called the "Substitute Bonds"), in order to evidence or secure the Company's obligations under Section 4.01 of the 1999B Loan Agreement.

  • Upon, and as a condition to, the issuance and delivery of the Substitute Bonds to the 1999B Revenue Bond Trustee, as aforesaid, Ambac shall surrender the Bonds to, or upon the order of, the Company.

  • Purchaser shall seek in good faith from the applicable Governmental Authorities reasonable assurances that the Substitute Bonds comply with applicable Law.

  • The Sponsor shall also cause the Trustee to furnish such information concerning interest coupons, redemption and sinking fund provisions and maturity dates with respect to any Bonds and Substitute Bonds as defined in Section 2, as the Corporation may reasonably request.

Related to Substitute Bonds

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Substitute Loan As defined in Section 2.2.

  • Corporate Bonds means a debt obligation of a United States-chartered corporation with a maturity date greater than 270 days, which may be interest-bearing or discount-purchased.

  • Bank Bonds means any Bonds registered in the name of the Liquidity Facility Provider pursuant to Section 7.8(b) of this 2017 Series A/B Indenture.

  • Existing Bonds means the following obligations of Seller: