Bond Default means a material default as defined within an Issuer's Bond documents, but does not include for the purposes of this definition, defaults that are technical in nature such as a failure to maintain covenants, failing to charge rates sufficient to meet rate covenants, failing to maintain insurance on the Project, or failing to fund various reserves.
Bond Default means, in respect of a Bond, a Bond has become capable of being declared due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default, or other similar condition or event (however described in the terms and conditions governing such Bond), notwithstanding any grace period set forth in the terms and conditions governing such Bond.
Bond Default means a material default as defined within an Issuer's Bond documents, but does not include for the purposes of this definition, defaults that are technical in nature such as a failure to
Examples of Bond Default in a sentence
The Guaranteed Party shall notify CGIF of any Bond Default promptly upon becoming aware of its occurrence or being notified by the Issuer or any other related party.
More Definitions of Bond Default
Bond Default as used in the Reimbursement Agreement, means the occurrence of an Event of Default under Section 610(h) of the Trust Indenture or under Section 201(d)(5) of the Trust Indenture, or any corresponding default under the Loan Agreement referred to in the Trust Indenture.
Bond Default means a material default as defined within an Issuer's Bond documents, but does not
Bond Default means any default, event of default or other similar occurrence or circumstance under any Bond Indenture or the other applicable Bond Documents.
Bond Default means the occurrence of a default that may give rise to an acceleration of some or all of the Bonds, or any event that may give rise to a mandatory or special redemption or tender of some or all of the Bonds, under any Transaction Document.
Bond Default has the meaning given to the term Event of Default in Condition 13 of the Bond Conditions.
Bond Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Bond Event of Default.
Bond Default means any event or condition that constitutes an “Event of Default” or a “Termination Event” (or terms of similar import), where the Company is the sole “Defaulting Party” or the sole “Affected Party” (or terms of similar import), respectively, under, and as defined in, any Parity Lien Document related to any Bonds (when and if issued).