Unbonded definition
Examples of Unbonded in a sentence
If and to the extent that the withdrawal of cash is based upon Unbonded Property Additions (as permitted under the provisions of clause (i) of Section 8.06(a)), the Company shall, subject to the provisions of said clause (i) and except as hereafter in this subsection provided, comply with all applicable provisions of this Indenture as if such Property Additions were made the basis for the authentication and delivery of Bonds equal in principal amount to 75% of the cash to be withdrawn.
If the plant provides copies of certification documents to others, the documents shall be reproduced in their entirety unless otherwise specified in the PTI-CRT20 G1 Manual for Certification of Plants Producing Unbonded Single Strand Tendons.
Renewal shall be in accord with Section 3.4 of the Unbonded Tendon Plant Certification Manual.
To the extent such withdrawal of cash is based upon Unbonded Bondable Property as permitted by Section 11.01(a)(ii), the Company shall comply with all applicable provisions of Article III as if such Unbonded Bondable Property were made a basis for the authentication and delivery of Bonds thereon equivalent in principal amount to the amount of the cash to be withdrawn on such basis.
Bonds of any one or more series may be authenticated and delivered under this Article III in a principal amount not exceeding 70% of the amount of Unbonded Bondable Property existing at the time of such application as stated on the Engineer’s Certificate provided for in Section 3.04(c).
As of the last day of each calendar month, beginning with April 2005, the Borrower shall not permit the ratio of (1) 50% of consolidated Unbonded Accounts Receivable, net of retainage, to the extent not already deducted in the determination of Unbonded Accounts Receivable, to (2) the sum of (i) the Revolving Loan plus (ii) the Letter of Credit Exposure plus (iii) the Swing Line Loan to be less than 1.00 to 1.
As of the last day of each calendar month, the Borrower shall not permit the ratio of (1) the sum of (i) 85% of consolidated Unbonded Accounts Receivable plus (ii) 50% of consolidated inventories plus (iii) 50% of consolidated equipment (net of depreciation and excluding real property interests and equipment attached to real property) to (2) the sum of (i) the Revolving Loan plus (ii) the Letter of Credit Exposure plus (iii) the Term Loan plus (iv) the Swing Line Loan to be less than 1.00 to 1.00.
As of the last day of each calendar month, the Borrower shall not permit the ratio of (1) 60% (for the months of July through September, 2004) or 65% (for the months of October and November, 2004) of consolidated Unbonded Accounts Receivable to (2) the sum of (i) the Revolving Loan plus (ii) the Letter of Credit Exposure plus (iii) the Term Loan plus (iv) the Swing Line Loan to be less than 1.00 to 1.
As of the last day of each calendar month, beginning with November 2004, the Borrower shall not permit the ratio of (1) 70% of consolidated Unbonded Accounts Receivable to (2) the sum of (i) the Revolving Loan plus (ii) the Letter of Credit Exposure plus (iii) the Term Loan plus (iv) the Swing Line Loan to be less than 1.00 to 1.
Bonds of any one or more series may be authenticated and delivered under this Article III in a principal amount not exceeding the aggregate amount of Unbonded Bondable Property at the time of such authentication and delivery.