Underlying Bonds definition

Underlying Bonds means the Primary Bond and all other insurancecoverage referred to in ITEM 7. of the DECLARATIONS.Excess Bond (7-92) Form 17-02-0842 (Ed. 7-92) Page 2 of 5 Conditions And Limitations (continued) Limit Of Liability 2 . The COMPANY’S total cumulative liability for all Single Losses of all ASSUREDSdiscovered during the BOND PERIOD shall not exceed the AGGREGATE LIMITOF LIABILITY as stated in ITEM 2. of the DECLARATIONS. Each payment madeAggregate Limit Of under the terms of this bond shall reduce the unpaid portion of the AGGREGATELiability LIMIT OF LIABILITY until it is exhausted.On exhausting the AGGREGATE LIMIT OF LIABILITY by such payments:a. the COMPANY shall have no further liability for loss or losses regardless ofwhen discovered and whether or not previously reported to the COMPANY,andb. the COMPANY shall have no obligation under General Agreement C. tocontinue the defense of the ASSURED, and on notice by the COMPANY tothe ASSURED that the AGGREGATE LIMIT OF LIABILITY has beenexhausted, the ASSURED shall assume all responsibility for its defense at itsown cost.The unpaid portion of the AGGREGATE LIMIT OF LIABILITY shall not be increased orreinstated by any recovery made and applied in accordance with Section 4. In the eventthat a loss of property is settled by indemnity in lieu of payment, then such loss shall notreduce the unpaid portion of the AGGREGATE LIMIT OF LIABILITY.Single Loss Limit Of The COMPANY’S liability for each Single Loss shall not exceed the SINGLE LOSSLiability LIMIT OF LIABILITY as stated in ITEM 3. of the DECLARATIONS or the unpaid portionof the AGGREGATE LIMIT OF LIABILITY, whichever is less.
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Underlying Bonds means the Primary Bond and all other insurance coverage referred to in ITEM 7. of the DECLARATIONS. Excess Bond (7-92) Form 17-02-0842 (Ed. 7-92) Page 2 of 5 Conditions And Limitations(continued)Limit Of LiabilityAggregate Limit Of LiabilitySingle Loss Limit Of Liability
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Underlying Bonds means R2035s government bonds issued by the Republic of South Africa (ISIN Code: ZAG000125972) with an aggregate nominal amount equal to ZAR75,000,000.
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Examples of Underlying Bonds in a sentence

  • In certain circumstances, investors may also hold interests in the Bonds through CREST through the issue of CDIs representing interests in Underlying Bonds.

  • Prerequisites: Applied Organic and Biochemistry, or Organic Chemistry I, or permission by instructor.

  • Any shortfall on realisation of the security over the Underlying Collateral shall be borne by the holders of the Underlying Bonds (including the Issuer).

  • The holders of the Underlying Bonds (including the Issuer) shall have no recourse to the Underlying Bond Issuer beyond the moneys derived by or on behalf of the Underlying Bond Issuer in respect of the Underlying Collateral.

  • Consequently, the Issuer is exposed to the ability of the issuer of the Underlying Bonds (the Underlying Bond Issuer) to perform its payment obligations under the Underlying Bonds.

  • No person other than the Underlying Bond Issuer will be obliged to make payments on the Underlying Bonds.

  • The Underlying Bond Issuer is a special purpose company established, inter alia, for the purpose of issuing the Underlying Bonds and acquiring and holding the collateral on which the Underlying Bonds are secured (the “Underlying Collateral”).

  • General Portfolio It is anticipated that the General Portfolio will be comprised primarily of Underlying Bonds.

  • Further, the holders of the Underlying Bonds (including the Issuer) will not be entitled at any time to petition or take any other step for the winding-up of, or the appointment of an examiner to, the Underlying Bond Issuer.

  • The Underlying Bonds will be limited recourse obligations of the Underlying Bond Issuer secured on a portfolio of assets held by the Underlying Bond Issuer and will not be obligations or responsibilities of, or guaranteed by, any other person or entity.


More Definitions of Underlying Bonds

Underlying Bonds means with respect to any BCE Reference Obligation, the fixed rate or variable rate, tax- exempt or taxable, municipal bonds or notes issued by a governmental agency or entity for which Freddie Mac provides credit enhancement pursuant to the related credit enhancement agreement entered into by Freddie Mac and the related trustee or custodian for such bonds under the TAH BCE Program, as further described under “The Reference Obligations—BCE Reference Obligations” in the Preliminary PPM.
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Underlying Bonds means the eligible bonds out of which Eligible Instruments are created. The list of eligible Underlying Bonds is available at http://www.bondbloX.com.
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Underlying Bonds means an Underlying Asset which is a bond;
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Related to Underlying Bonds

  • Existing Bonds means the following obligations of Seller:

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

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

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Original Bonds has the meaning set forth in the recitals hereto.

  • Municipal Bonds means "Municipal Bonds" as defined in the Corporation's Registration Statement on Form N-2 (File No. 333-_____) relating to the AMPS on file with the Securities and Exchange Commission, as such Registration Statement may be amended from time to time, as well as short-term municipal obligations, High Yield Municipal Bonds and Inverse Floaters.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • School Bonds means School Obligations issued as Bonds.

  • Series 2020 Bonds means the Series 2020A Bonds and the Series 2020B Bonds.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Refunded Bonds means the portion of the $15,757,000 of the Series A Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.