Allocable Bonds definition

Allocable Bonds means, as to any Owner, the then outstanding aggregate principal balance of Bonds which are collateralized by such Owner's Allocable Student Loans. The initial Allocable Bonds for each Owner are set forth on Schedule A attached hereto. Thereafter, the Allocable Bonds as to any Owner shall be determined by multiplying the then outstanding aggregate principal balance of the Bonds by a percentage derived by dividing the initial Allocable Bonds for such Owner by the initial aggregate principal balance of the Bonds.
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Allocable Bonds means those Bonds allocable to the Project as indicated on Attachment 1 hereto.
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Allocable Bonds means (a) with respect to the 20 Series B Bonds and with respect to each Juvenile Justice Commission Facilities Project, that portion of the 20 Series B Bonds that is allocated to each such Project on the basis of that portion of the proceeds of the 20 Series B Bonds that is deposited in the subaccount for such Project within the Repair and Replacement Reserve Fund, as shown on Exhibit D hereto, (b) with respect to the 20 Series C Bonds and with respect to each such Project, that portion of the 20 Series C Bonds that is allocated to each such Project on the basis of that portion of the proceeds of the 20 Series C Bonds spent or to be spent on Costs of each such Project, as shown on Exhibit D hereto, as the same may be revised, based on actual amounts expended, upon the completion of each such Project, and (c) in each case, all allocable additional Bonds or Refunding Bonds.
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Examples of Allocable Bonds in a sentence

  • The Agency covenants to maintain all records evidencing the use of the facilities financed with the net proceeds of the Allocable Bonds and the representations, certifications and covenants set forth in this Schedule F until the date six years after the last outstanding Bonds have been retired.

  • The Agency does not reasonably expect, as of the date hereof, that the Allocable Bonds will meet either the private business tests or the private loan financing test.

  • None of the proceeds of the Allocable Bonds will be used, directly or indirectly, to replace funds which were used in any business carried on by any person other than a state or local governmental unit.

  • In the judgment of the Agency, the weighted average maturity of the Allocable Bonds set forth in Attachment 1 does not exceed 120% of the average reasonable expected economic life of the Project.

  • None of the proceeds of the Allocable Bonds will be applied to reimburse the Agency for costs of the Project incurred prior to __________, 2017 (which is 60 days prior to the SEU’s declaration of “official intent” with respect to the Project within the meaning of Treas.

  • The Agency shall exercise due diligence to complete the Project, or to cause to be completed, within three years of the date of issuance of the Allocable Bonds.

  • No portion of the original proceeds of the Allocable Bonds will be used as a substitute for other funds of the Agency which were to be used as a source of financing for any portion of the costs of the Project.

  • The Agency hereby confirms the sources and uses of the sale proceeds of the Allocable Bonds as set forth on Attachment 1 hereto, including the allocations of the portions of the principal maturities and other matters set forth therein.

  • Unless otherwise advised by a written opinion of nationally recognized bond counsel, the Agency shall not enter into, materially modify or extend a management or service agreement with respect to any portion of the improvements or projects financed with proceeds of the Allocable Bonds with any entity other than a state or a local governmental unit unless such agreement complies with IRS Rev.

  • The aggregate uses of the proceeds of the Allocable Bonds, and other amounts available for such purposes, do not exceed the amount needed to accomplish the governmental purpose of the Allocable Bonds.

Related to Allocable Bonds

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

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

  • 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.

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

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

  • Refunded Bonds means the portion of the $2,348,000 of the Series B 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, and may include all of those Original Bonds.

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

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

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

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Existing Bonds means the following obligations of Seller:

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • Bonds Outstanding means all Bonds which have been authenticated and delivered by the Trustee under this Indenture, except:

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.

  • Initial Principal Amount means, with respect to any Series or Class (or Subclass) of Notes, the aggregate initial principal amount of such Series or Class (or Subclass) of Notes specified in the applicable Series Supplement.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Certificate Principal Amount With respect to any Certificate (other than an Interest-Only Certificate), at the time of determination, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) all Realized Losses allocated to such Certificate; provided, however, that on any Distribution Date on which a Subsequent Recovery is distributed, the Certificate Principal Amount of any Class of Certificates then outstanding to which a Realized Loss amount has been applied will be increased, in order of seniority, by an amount equal to the aggregate amount of any Subsequent Recovery distributed on such date to Holders of the Certificates, after application (for this purpose) to more senior Classes of Certificates pursuant to this Agreement and (iii) in the case of a Subordinate Certificate, any Subordinate Certificate Writedown Amount allocated to such Certificates. For purposes of Article V hereof, unless specifically provided to the contrary, Certificate Principal Amounts shall be determined as of the close of business of the immediately preceding Distribution Date, after giving effect to all distributions made on such date. Interest-Only Certificates are issued without Certificate Principal Amounts.

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

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