Undelivered Bond definition

Undelivered Bond means any Bond that is required under the Indenture to be delivered to the Remarketing Agent or the Trustee for purchase or redemption on a Mandatory Tender Date or redemption date but that has not been received on the date such Bond is required to be delivered.

Undelivered Bond means:

Undelivered Bond means any Bond that is required under this Indenture to be delivered to the Remarketing Agent or the Trustee for purchase on a Mandatory Tender Date but that has not been received on the date such Bond is required to be so delivered.

Examples of Undelivered Bond in a sentence

• If the Owner of any Bond (or portion thereof) that is subject to purchase pursuant to this Section fails to deliver such Bond to the Tender Agent for purchase on the purchase date, and if the Tender Agent is in receipt of the Purchase Price therefor, such Bond (or portion thereof) shall nevertheless be deemed purchased on the day fixed for purchase thereof and shall constitute an Undelivered Bond.

• Moneys transferred to the Undelivered Bond Payment Account of the Purchase Fund on any Purchase Date shall be applied, on or after such Purchase Date, by the Tender Agent to pay the Purchase Price of Undelivered Bonds in respect of which they were so transferred, upon the surrender of such Bonds to the Tender Agent for such purpose.

• This includes without limitation the Remarketing Account, the Letter of Credit Account, the Commission Account and the Undelivered Bond Payment Account of the Purchase Fund created pursuant to Section 3.03.

• The Tender Agent shall establish a special trust fund to be designated the Purchase Fund; and, within such Purchase Fund, the Tender Agent shall establish four separate accounts to be designated the Remarketing Account, the Liquidity Account, the Authority Purchase Account and the Undelivered Bond Payment Account.

• Moneys shall be transferred to the Undelivered Bond Payment Account within a Purchase Fund from the other accounts of such Purchase Fund or to the Liquidity Provider with respect to the Liquidity Facility relating to the Bonds, in accordance with Section 3.09(e); and moneys shall be applied from the Undelivered Bond Payment Account within a Purchase Fund in accordance with Section 3.09(f).

More Definitions of Undelivered Bond

Undelivered Bond means a Bond subject to tender for purchase on a Purchase Date and for the payment of the Purchase Price of which the Tender Agent holds sufficient moneys on such Purchase Date, but which is not delivered to the Tender Agent on such Purchase Date.

Undelivered Bond means any Bond that is required under the Indenture to be delivered to the Remarketing Agent or the Trustee for purchase on a Mandatory Tender Date but that has not been received on the date such Bond is required to be so delivered.

Undelivered Bond means a Bond which is deemed purchased pursuant to the Mandatory Tender provisions of this Indenture, but which has not been presented to the Trustee by the holder thereof.

Undelivered Bond means any 2023B Bond which is subject to purchase pursuant to Article 3 on a Purchase Date and which is not tendered and delivered for purchase on that Purchase Date but as to which the Tender Agent holds in the Purchase Fund sufficient funds to pay the Purchase Price of that 2023B Bond.

Undelivered Bond means any Series A of 2020 Bond which is subject to purchase pursuant to Article 3 on a Purchase Date and which is not tendered and delivered for purchase on that Purchase Date but as to which the Tender Agent holds in the Purchase Fund sufficient funds to pay the Purchase Price of that Series A of 2020 Bond.

Undelivered Bond means any Auction Rate Security which constitutes an Undelivered Bond under the provisions of the First Supplemental Trust Agreement.

Undelivered Bond means any Variable Rate Bond, Short-Term Rate Bond, FRN Rate Bond or Long-Term Rate Bond which is subject to purchase pursuant to Section 3.08 and Section 3.10 on a Purchase Date and which is not tendered and delivered for purchase on such Purchase Date but as to which the Tender Agent holds in the Purchase Fund sufficient funds to pay the Purchase Price of such Variable Rate Bond, Short-Term Rate Bond, FRN Rate Bond or Long-Term Rate Bond, as applicable.