Definition of Temporary Investment Recovery Bonds


Temporary Investment Recovery Bonds means Investment Recovery Bonds executed, and upon the receipt of an Issuer Order, authenticated and delivered by the Indenture Trustee pending the preparation of Definitive Investment Recovery Bonds pursuant to Section 2.04 of the Indenture.
Sample 1

Examples of Temporary Investment Recovery Bonds in a sentence

Upon surrender for cancellation of any one or more Temporary Investment Recovery Bonds, the Investment Recovery Bond Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Investment Recovery Bonds of authorized denominations.
Until so delivered in exchange, the Temporary Investment Recovery Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Investment Recovery Bonds.
After the preparation of Definitive Investment Recovery Bonds, the Temporary Investment Recovery Bonds shall be exchangeable for Definitive Investment Recovery Bonds upon surrender of the Temporary Investment Recovery Bonds at the office or agency of the Issuer to be maintained as provided in Section 3.02, without charge to the Holder.
If Temporary Investment Recovery Bonds are issued, the Issuer will cause Definitive Investment Recovery Bonds to be prepared without unreasonable delay.