Untendered Bonds definition

Untendered Bonds means Bonds not tendered to the Trustee for purchase as and when required by the terms of the Indenture.
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Untendered Bonds means Bonds which are required to be tendered for purchase in accordance with the provisions of Section 305 of this Indenture but which in fact are not delivered to the Trustee on or before the applicable Tender Date.
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Untendered Bonds means any Bonds (i) for which an Optional Tender Notice has been delivered by the Holders thereof to the Tender Agent pursuant to Section 3.01(a), or (ii) for which a notice of Mandatory Tender has been delivered by the Tender Agent to the Holders thereof in accordance with Section 3.02(b) or Section 3.02(c), which Bonds are subsequently not tendered for purchase on the Optional Tender Date, Conversion Date or Mandatory Purchase Date, as the case may be, and for which sufficient moneys are on hand with the Tender Agent to pay the Purchase Price thereof on such date.
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Examples of Untendered Bonds in a sentence

  • The Trustee shall promptly give notice by registered or certified first class mail, postage prepaid or overnight delivery (or, when the Bonds are in a Book-Entry System, pursuant to the applicable procedures of the Depository), to each Holder of Untendered Bonds stating that interest on such Bonds ceased to accrue on the Mandatory Tender Date and that moneys representing the Purchase Price of such Bonds are available against delivery of such Bonds at the Designated Office of the Trustee.

  • In the event of a failure by an Owner of such Bonds to tender its Bonds on or prior to the Mandatory Purchase Date, said Owner shall not be entitled to any payment (including any interest to accrue subsequent to the Mandatory Purchase Date) other than the Purchase Price for such Untendered Bonds, and any Untendered Bonds shall no longer be entitled to the benefits of this Indenture, except for the purpose of payment of the Purchase Price therefor.

  • Except when the Bonds are held in the Book Entry System, the Issuer shall execute and the Trustee shall authenticate and deliver Replacement Bonds to replace Untendered Bonds.

  • The Trustee shall promptly give notice by registered or certified first class mail, postage prepaid or overnight delivery (or, when the Bonds are in Book-Entry Form, pursuant to the applicable procedures of the Depository), to each Holder of Untendered Bonds stating that interest on such Bonds ceased to accrue on the Mandatory Tender Date and that moneys representing the Purchase Price of such Bonds are available against delivery of such Bonds at the designated office of the Trustee.

  • The Tender Agent shall issue a new Bond or Bonds in the same aggregate principal amount for any Untendered Bonds which are not tendered for purchase on any Optional Tender Date and, upon receipt by the Tender Agent of any such Untendered Bonds from the Holders thereof, shall pay, or cause to be paid, the Purchase Price of such Untendered Bonds to the Holders thereof and cancel such Untendered Bonds.

  • Bond certificates will be issued in place of Untendered Bonds pursuant to the Indenture and, after the issuance of the replacement Bond certificates, such Untendered Bonds will be deemed purchased, canceled and no longer Outstanding under the Indenture.

  • If there remains any balance (other than moneys held by the Trustee for the purchase of Untendered Bonds) in either the Letter of Credit Account or the General Account of the Bond Purchase Fund, the Trustee shall, prior to the close of business on the Optional Tender Date or the Mandatory Tender Date, authorize the payment of such balance first to the Bank, but only to the extent of amounts due under the Reimbursement Agreement, and then to the College.

  • If there has been irrevocably deposited in the Bond Purchase Fund an amount sufficient to pay the Purchase Price of all Bonds tendered or deemed to be tendered for purchase on an Optional Tender Date, any Untendered Bonds shall be deemed to have been tendered for purchase and purchased from the Holder thereof on such Optional Tender Date and the Holder of any Untendered Bond shall not be entitled to receive interest on such Untendered Bond for any period on and after the Optional Tender Date.

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  • Such additional indebtedness shall be a senior claim to that of the Bonds upon all property and funds held or collected by the Trustee as such, except funds held with respect to Untendered Bonds and unredeemed Bonds for which notice of redemption has been given, and except for any arbitrage rebate fund or account established pursuant hereto or pursuant to any arbitrage regulatory agreement.


More Definitions of Untendered Bonds

Untendered Bonds has the meaning given it in Section 2.17(i) of this Indenture.
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Related to Untendered Bonds

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Refunded Bonds means the portion of the $280,000 of the Series J Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 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.

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

  • The Tenderer means the individual or firm supplying the Goods under this Contract.

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

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • 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.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • covered bond means a debt security issued by any member of the banking group, for which repayment to holders is guaranteed by a SPV, and investors retain an unsecured claim on the issuer.

  • Legended Covered Bonds means Registered Covered Bonds (whether in definitive form or represented by a Registered Global Covered Bond) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • 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.

  • Transition bonds means bonds, notes, certificates of

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

  • Rated Notes means the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.