Replacement Bond Sample Clauses

Replacement Bond. The form of the Bond set forth in Exhibit A to the Original Indenture is hereby deleted in its entirety and the form of the replacement Bond set forth in Exhibit A hereto is substituted therefor. On the Conversion Date, the Trustee is hereby directed to authenticate and deliver said Replacement Bonds to The Depository Trust Company. The Trustee is further authorized to authenticate a new Bond reflecting revised terms upon a future remarketing with a new Sub-series designation. If the Bonds are purchased in lieu of redemption and the Company desires to have such Bonds remarketed in a new Interest Period or different Long Term Period, there is hereby authorized the delivery of a replacement Bond to reflect such new terms. ARTICLE XI
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Replacement Bond. The form of the Bond set forth in Exhibit A to the Original Indenture is hereby deleted in its entirety and the form of the replacement Bond set forth in Exhibit A hereto is substituted therefor. On the Conversion Date, the Trustee is hereby directed to authenticate and deliver said Replacement Bonds to The Depository Trust Company. The Trustee is further authorized to authenticate a new Bond reflecting revised terms upon a future remarketing with a new Sub-series designation.
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Replacement Bond. If State should receive a notice that the Concession Bond has been or will be cancelled; Concessionaire shall provide State with a replacement Concession Bond providing the coverage required herein from the effective date and time of the cancellation of the Concession Bond so that there is no period of time wherein an adequate Concession Bond does not cover this Agreement as provided for herein. Such a replacement Concession Bond must meet all of the requirements set forth in this Article XIX. (Concession Bond) hereof and be forwarded to and received by State at least twenty (20) days prior to the effective date and time of the Concession Bond cancellation.
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Replacement Bond. This Blanket Bond covers any and all liability and obligations accrued and to be accrued under the law from the earliest issuance date of each and every permit covered by this Blanket Bond until such time as the Department shall release, in writing, this bond of such liability and obligations. This Blanket Bond replaces the following existing bonds: Date of Bond Type of Bond (Surety/ Collateral) Name of Surety/Bank/ Govt. Issuer Type of Collateral Surety Bond No./ Collateral ID No.
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Replacement Bond. Purchaser shall have delivered to the Town of Warren, Vermont (i) a bond satisfactory to it in the amount of $400,000, replacing a bond in an equal amount previously provided by Seller with respect to a certain snowmaking pipe at the Ski Resorts, and (ii) bonds satisfactory to replace bonds issued by or on behalf of the Subsidiaries.
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Replacement Bond. In the event that any Contract Bond is not delivered due to any occurrence, act or event beyond the control of the Depositor and of the Trustee (such a Contract Bond being herein called a "Special Bond"), the Depositor may instruct the Trustee to purchase Replacement Bonds which have been selected by the Depositor having a cost and an aggregate principal amount not in excess of the cost and aggregate principal amount of the Special Bonds not so delivered. To be eligible for inclusion in the Trust, the Replacement Bonds which the Depositor selects must: (i) yield current interest which is exempt. from taxation for Federal income tax purposes and, if the Trust is a State Trust, exempt from taxation under the personal income tax law of the particular state involved; (ii) have a fixed maturity or disposition date at least 10 years after the acquisition; (iii) be purchased at a price that results in a yield to maturity and in a current return, in each case as of the execution and delivery of the applicable Reference Trust Agreement, which is approximately equivalent to the yield to maturity and current return of the Special Bonds which failed to be delivered and for which the Replacement Bonds are substituted; (iv) be purchased within twenty days after delivery of notice of the failed contract to the Trustee or to the Depositor, whichever occurs first; (v) for any trust which is an insured Trust be insured either by the insurance obtained by the issuer or under the Portfolio Insurance policy and be eligible for Permanent Insurance, and not cause the Units to cease to be rated AAA by Standard & Poor's Corporation, if the Trust is an insured Trust; and (vi) for any Trust which is not an insured Trust be rated in the category A or better by at least one national rating organization or have, in the opinion of the Depositor, comparable credit characteristics. Any Replacement Bonds received by the Trustee shall be deposited hereunder and shall be subject to the terms and conditions of this Indenture to the same extent as other Bonds deposited hereunder. No such deposit of Replacement Bonds shall be made after the earlier of (i) 90 days after the date of execution and delivery of the applicable Reference Trust Agreement or (ii) the first Distribution Date. Whenever a Replacement Bond is acquired by the Depositor pursuant to the provisions of this Section 3.14, the Trustee shall, within five days thereafter, mail to all Unit Holders notices of such acquisition, includi...
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Replacement Bond. This Blanket Bond covers any and all liability and obligations accrued and to be accrued under the law from the earliest issuance date of each and every permit covered by this Blanket Bond until such time as the Department shall release, in writing, this bond of such liability and obligations. This Blanket Bond replaces the following existing bonds: Date of Bond Type of Bond (Surety/ Collateral) Name of Surety/Bank/Govt. Issuer Type of Collateral Surety Bond No./ Collateral ID No. Dollar Amount                                                                                                 In consideration of the pledge and deposit of this bond, the Department will release the above-listed existing bonds of all liability under the Law.
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Replacement Bond. In the event any outstanding Bond is damaged, mutilated, lost, stolen, or destroyed, the Paying Agent/Registrar shall cause to be printed, executed, and delivered, a new Bond of the same principal amount, maturity, and interest rate, as the damaged, mutilated, lost, stolen, or destroyed Bond, in replacement for such Bond in the manner hereinafter provided.
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Related to Replacement Bond

  • Replacement Bonds In the event that any Bond is not delivered due to any occurrence, act or event beyond the control of the Depositor and of the Trustee (such a Bond being herein called a "Special Bond"), the Depositor may so certify to the Trustee and instruct the Trustee to purchase Replacement Bonds which have been selected by the Depositor having a cost and an aggregate principal amount not in excess of the cost and aggregate principal amount of the Special Bonds not so delivered. To be eligible for inclusion in the Trust, the Replacement Bonds which the Depositor selects must: (i) for Trusts containing municipal bonds, yield current interest which is exempt from taxation for federal income tax purposes and, if the Trust is a State Trust, exempt from taxation under the personal income tax law of the particular state involved; (ii) have a fixed maturity or disposition date comparable to the bonds replaced; (iii) be purchased at a price that results in a yield to maturity and in a current return, in each case as of the execution and delivery of the applicable Reference Trust Agreement, which is approximately equivalent to the yield maturity and current return of the Special Bonds which failed to be delivered and for which the Replacement Bonds are substituted; (iv) be purchased within twenty days after delivery of notice of the failed contract to the Trustee or to the Depositor, whichever occurs first and (v) be of comparable credit quality to the Special Bond which failed to be delivered. Any Replacement Bonds received by the Trustee shall be deposited hereunder and shall be subject to the terms and conditions of this Indenture to the same extent as other Bonds deposited hereunder. No such deposit of Replacement Bonds shall be made after the earlier of (i) 90 days after the date of execution and delivery of the applicable Reference Trust Agreement or (ii) the first Distribution Date to occur after the date of execution and delivery of the applicable Reference Trust Agreement.

  • Replacement Note Upon receipt of evidence reasonably satisfactory to Maker of the loss, theft, destruction or mutilation of this Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory to Maker or, in the case of any such mutilation, upon surrender and cancellation of this Note, Maker will execute and deliver to Holder in lieu thereof, a replacement note dated as of the date of this Note, identical in form and substance to this Note and upon such execution and delivery all references in the Mortgage to this Note shall be deemed to refer to such replacement note.

  • Replacement Banks (a) So long as no Default shall have occurred and be continuing, the Borrower may, at any time, replace any Bank that has requested compensation from the Borrower pursuant to Section 6.1 or 6.7 hereof, or whose obligation to make additional Eurodollar or Money Market Loans has been suspended pursuant to Section 6.1(b) or 6.3 hereof, or any Bank that is a Defaulting Bank (any such Bank being herein called an “Affected Bank”) by giving not less than 10 Business Days’ prior notice to the Administrative Agent (which shall promptly notify such Affected Bank and each other Bank) that it intends to replace such Affected Bank with one or more other lenders (including any Bank) selected by the Borrower and acceptable to the Administrative Agent (which shall not unreasonably withhold its consent). The method (whether by assignment or otherwise) of and documentation for such replacement shall be either a Transfer Supplement substantially in the form of Exhibit I or otherwise acceptable to the Affected Bank and the Administrative Agent (which shall not unreasonably withhold their consent and shall cooperate with the Borrower in effecting such replacement). Upon the effective date of any replacement under this Section 6.6(a) (and as a condition thereto), the Borrower shall, or shall cause the replacement lender(s) to, pay to the Affected Bank being replaced any amounts owing to such Affected Bank hereunder (including, without limitation, interest, Facility Fees, compensation and additional amounts under this Section 6, in each case accrued to the effective date of such replacement), whereupon each replacement lender shall become a “Bank” for all purposes of this Agreement having a Commitment in the amount of such Affected Bank’s Commitment assumed by it, and such Commitment of the Affected Bank being replaced shall be terminated upon such effective date and all of such Affected Bank’s rights and obligations under this Agreement shall terminate (provided that the obligations of the Borrower under Sections 6.1, 6.5, 6.7 and 13.3 hereof to such Affected Bank shall survive such replacement as provided in Section 13.6).

  • Replacement Notes If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note. Every replacement Note is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder.

  • Replacement The term “

  • Liquidity Facilities On the Initial Closing Date, the Issuer shall establish the Initial Liquidity Facility and thereafter, the Issuer may enter, from time to time, into one or more additional Liquidity Facility Agreements (each, an “Additional Liquidity Facility”) by entering into transaction documentation (the “Liquidity Facility Documents”) with one or more Additional Liquidity Facility Providers. The following conditions must be satisfied before the Issuer may establish an Additional Liquidity Facility:

  • Liquidity Facility Payments of interest on the Series 2002-1G-1 Certificates will be supported by the Primary Liquidity Facility to be provided by the Primary Liquidity Provider and the Above-Cap Liquidity Facility to be provided by the Above-Cap Liquidity Provider, in each case for the benefit of the Applicable Certificateholders.

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