System Bonds definition

System Bonds means the Series 2004 Bonds, the Series 2007 Bonds, the Series 2012 Bonds, the Series 2015 Bonds, the Series 2017 Bonds, the Series 2025 Bonds and additional bonds permitted by Section 7.1 of the Original Agreement and refunding bonds permitted by Section 7.2 of the Original Agreement.

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System Bonds means the following outstanding debt obligations of the City: (i) $2,960,000 principal amount of Guaranteed Sewer Revenue Bonds, Series of 2003; (ii) $675,000 principal amount of Guaranteed Water Revenue Bonds, Series of 2003; (iii) $1,640,000 principal amount of Tax-Exempt Guaranteed Water Revenue Bonds, Series of 2004; (iv) $185,000 principal amount of Tax-Exempt Guaranteed Sewer Revenue Bonds, Series of 2004; (v) $1,315,000 principal amount of Guaranteed Water Revenue Bonds, Series of 2008; (vi) $3,095,000 principal amount of Guaranteed Sewer Revenue Bonds, Series of 2008 and (vii) Loan Number 87004 in the maximum principal amount of $8,612,681 from the Pennsylvania Infrastructure Investment Authority under the Funding Agreement dated March 13, 2012 between the City and said Authority.

System Bonds means the following outstanding debt obligations of the City:

Examples of System Bonds in a sentence

• Notwithstanding anything herein to the contrary, so long as the Bonds are held under a Book-Entry System, Bonds will not be delivered as set forth above; rather, transfers of beneficial ownership of the Bonds to the Person indicated above will be effected on the registration books of the Securities Depository pursuant to its rules and procedures.

• Notwithstanding anything herein to the contrary, so long as the Bonds are held in a Book Entry System, Bonds will not be delivered as set forth above; rather, transfers of beneficial ownership of the Bonds to the person indicated above will be effected on the registration books of the Securities Depository pursuant to its rules and procedures.

• The Parties agree that any allocation prepared by the Concessionaire that is prepared in accordance with said section 1060 and the applicable Income Tax Regulations and does not restrict the ability of the City to preserve the tax-exempt status of interest on the System Bonds shall be binding upon the Parties.

• Except if earlier terminated in accordance with Section 1.16 of this Sixth Supplemental Agreement, the term of the Agreement shall extend to the last day of the Contract Year in which all System Bonds and the interest thereon have been paid in full or provision for the payment thereof has been made in accordance with any indenture or bond resolution relating thereto.

• The Parties agree that any allocation under said section 1060 must not restrict the Authority’s or the Borough’s ability to preserve the tax-exempt status of the interest on the System Bonds as determined by the Authority or the Borough, as applicable.

• However, pursuant to NMSA 1978, § 6-14-10(E), as amended, records with regard to the ownership or pledge of System Bonds are not subject to inspection or copying.

• The Parties agree that any allocation under said section 1060 must not restrict the City’s ability to preserve the tax-exempt status of the interest on the System Bonds as determined by the City.

• The Parties agree that any allocation under said section 1060 must not restrict the City’s ability to preserve the tax- exempt status of the interest on the System Bonds as determined by the City.

• Notwithstanding anything in this Indenture to the contrary, so long as the bonds are held under the Book-Entry System, Bonds will not be delivered as set forth in the preceding paragraph; rather, transfers of beneficial ownership of the Bonds to the persons indicated above will be effected pursuant to its rules and procedures established by the Securities Depository.

• Notwithstanding anything herein to the contrary, so long as the Bonds are held under the Book Entry System, Bonds will not be delivered as set forth in Section 2.08(a) through (c) (except as set forth in Section 2.08(b)); rather, transfers of beneficial ownership and pledges of the Bonds to the Persons indicated above will be effected on the books of the Securities Depository and its Participants pursuant to the rules and procedures of the Securities Depository.

More Definitions of System Bonds

System Bonds means all outstanding obligations of the Government (or portions thereof, as applicable) that have been designated as “System Bonds” pursuant to a Supplemental Indenture and for which such designation has not been terminated pursuant to a Supplemental Indenture.

System Bonds means the following outstanding debt obligations of the Borough and the Authority related to the System: (i) $6,630,000 principal amount of the Borough's General Obligation Bonds, Series A of 2003 (Tax-Exempt); (ii) $425,000 principal amount of the Borough's General Obligation Bonds, Series B of 2003 (Federally Taxable); (iii) $7,800,000 principal amount of the Authority's Guaranteed Water and Sewer Revenue Bonds – Series of 2004; and (iv) $6,955,000 principal amount of the Borough's General Obligation Bonds, Series of 2009.

System Bonds means all bonds, notes and other obligations payable solely or primmarily from Net Revenues, Refinancing Proceeds, System Bond proceeds and earnings thereon, or from other sources as designated in the Resolution of Sale for that series of bonds.

System Bonds means the Bonds and any Parity Debt.