Unsecured Bond definition

Unsecured Bond means any bond that is (a) not secured by a pledge of collateral and (b) senior or pari passu in right of payment to any other unsecured indebtedness of the related Obligor.

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Unsecured Bond means an individual's promise to pay a financial condition if the individual fails to appear for any required court appearance.]

Unsecured Bond means an individual's promise to pay a financial

Examples of Unsecured Bond in a sentence

The Borrower will not and will not permit any Restricted Subsidiary to become or be liable in respect of any Guaranty except: (a) Guaranties of the Borrower which are limited in amount to a stated maximum dollar exposure and are permitted under Sections 8.7(d) and 8.9, (b) Guaranties of the 2021 Unsecured Bond Debt and (c) the Subsidiary Guaranty Agreement.
Other than the 2021 Unsecured Bond Debt Documents, the Borrower shall not enter into any indenture, instrument, or other agreement for Indebtedness for Borrowed Money which contains, or amend any terms of any such indenture, instrument, or agreement which would result in any such indenture, instrument, or agreement having, covenants or defaults more burdensome on the Borrower or any Restricted Subsidiary than the covenants and defaults provided for in this Agreement and the other Loan Documents.
The following terms when used herein have the following meanings: “2021 Unsecured Bond Debt” means the unsecured Indebtedness for Borrowed Money owing by the Borrower pursuant to the 2021 Unsecured Bond Debt Documents in an aggregate principal amount not exceeding $350,000,000 (less principal payments with respect thereto).
The Bond Issue will be described as “FRN Ship Finance International Limited Senior Unsecured Bond Issue 2017/2020”.
The Parent shall ensure that the ratio of Current Assets to Current Liabilities measured at the end of each Measurement Period (starting with the financial quarter ending 30 June 2008) shall not at any time be less than 1.00, provided however that in relation to the financial quarter ending 30 June 2008, the amount outstanding at that time under the Unsecured Bond Loan Agreement shall not be included in the calculation of Current Liabilities for the purpose of this Clause.

More Definitions of Unsecured Bond

Unsecured Bond has the meaning specified in Annex C.

Unsecured Bond means a bond in which the issuer does not provide a collateral for debt repayment, whether or not the issuer provides a bond holder representative;

Unsecured Bond means an individual's promise to pay a financial condition if the

Unsecured Bond means any unsecured obligation that: (a) constitutes borrowed money and (b) is in the form of, or represented by, a bond, note, certificated debt security or other debt security (other than any of the foregoing that evidences a Loan or Participation Interest).

Unsecured Bond means an unsecured Bond that is not (and is not expressly permitted by its terms to become) subordinate in right of payment or lien to any other obligation for borrowed money of the Obligor of such Bond.

Unsecured Bond means the bonds issued by the Issuer with ISIN NO0010870900. “Voting Bonds” means the Outstanding Bonds less the Issuer’s Bonds.

Unsecured Bond means an Unsecured Obligation that is a bond as determined by the Investment Manager in its reasonable business judgement or a Participation therein.