Bond Facility means the $250,000,000 of unsecured senior bonds issued by Borrower via public bond offering on November 19, 2014 maturing on November 19, 2024 or any other issuance of public or private senior unsecured bonds by Borrower.
Bond Facility means any bond facility pursuant to which a municipality, or a community facilities district formed by a municipality, at the request of Borrower or one of its Subsidiaries, will issue bonds to finance a portion of the costs of acquisition of and improvements to real property located in such municipality (or district) by Borrower or one of its Subsidiaries (or to pay development or "impact" fees in lieu thereof), and with respect to which Borrower or one of its Subsidiaries will provide a letter of credit or other reimbursement support. The real property that is the subject of any such bond facility will be subject to a Lien for special taxes to repay the Indebtedness evidenced by such bonds.
Bond Facility means the Bond Repurchase Agreement and any documents related thereto. “Bond Facility Buyer” shall mean NATIONAL FOUNDERS LP, a Delaware limited partnership (together with its permitted successors and assigns), in its capacity as “Buyer” under the Bond Repurchase Agreement. “Bond Repurchase Agreement” shall mean that certain Master Repurchase Agreement, dated as of February 28, 2023 (as amended, restated, supplemented or otherwise modified and in effect from time to time), between Bond Facility Buyer, and FINANCE OF AMERICA REVERSE LLC, a Delaware limited liability company (together with its permitted successors and assigns), in its capacity as “Seller” thereunder. “Business Day” shall mean a day other than (i) a Saturday or Sunday, (ii) any day on which banking institutions are authorized or required by law, executive order or governmental decree to be closed in the State of New York or (iii) any day on which the New York Stock Exchange is closed. “Buyer” shall mean Grand Oak Trust, its successors in interest and assigns pursuant to Section 18 and, with respect to Section 7, its participants. “Capital Lease Obligations” shall mean, for any Person, all obligations of such Person to pay rent or other amounts under a lease of (or other agreement conveying the right to use) Property to the extent such obligations are required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP, and, for purposes of this Agreement, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP. “Capital Stock” shall mean any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent equity ownership interests in a Person which is not a corporation, including, without limitation, any and all member or other equivalent interests in any limited liability company, any and all partner or
Examples of Bond Facility in a sentence
The Bid Bond Facility is only available by way of letters of credit or letters of guarantee.
How the New Fed Municipal Bond Facility Capped Muni-Treasury Yield Spreads in the COVID-19 Recession.
Local Furnishing, Other Tax Exempt Bond Facility FinancingN/A: applies to CAISO Controlled Grid only This stays the same for EDAM.
No further performance bonds are to be issued under the Government Bond Facility unless Kimberley provides the financees with an amount of cash (as collateral) equal to the Liability of the performance bond being issued.
The Company also entered into a cap agreement on a notional amount of $6.8 million within the Tax-Free Bond Facility.
More Definitions of Bond Facility
Bond Facility shall have the meaning specified in the definition “Principal Credit Facility.”
Bond Facility means any bond facility pursuant to which a municipality, or a community facilities district formed by a municipality, has or will issue bonds to finance a portion of the costs of acquisition of and/or improvements to real property located in such municipality (or district) owned by Borrower, one of its Subsidiaries or by another Person acquired by Borrower or one of its Subsidiaries (or to pay development or "impact" fees in lieu thereof), and with respect to which Borrower or one of its Subsidiaries will provide a letter of credit or other reimbursement support. The real property that is the subject of any such bond facility will be subject to a Lien for special taxes to repay the Indebtedness evidenced by such bonds.
Bond Facility means the aggregate amount of the Combined Exposure ------------- outstanding under the Indenture.
Bond Facility means any irrevocable letter of credit, surety, guaranty, Insurance Policy or other credit facility or any combination thereof securing payment of principal of and interest on the Bonds, initially, the Insurance Policy, and, so long as Bonds are not in the Fixed Mode, any Liquidity Facility providing for payment of the Purchase Price of Bonds Outstanding under this Resolution, provided that such Liquidity Facility satisfies the requirements of Article IV hereof.
Bond Facility means an insurance policy, surety bond or agreement, standby purchase agreement, line of credit, letter of credit or other credit enhancement, or liquidity facility entered into for the purpose of assuring the timely payment of the Principal and Redemption Price, if any, of and interest on the Bonds.
Bond Facility means an insurance policy, surety bond or agreement, standby purchase agreement, line of credit, letter of credit or other credit enhancement or liquidity facility entered into for the same or similar purposes, with respect to Bonds.
Bond Facility means a variable rate demand bond facility involving a maximum principal obligation in an amount of $57,385,000.00, pursuant to which BVI will finance the Purchase Deposit to be paid to Seller pursuant to the Purchase Option, as well as other specified sums and amounts relating to the development, construction and financing of the Community, which shall be secured, inter alia, by a lien against the Premises and by a lien against the Tenant's entire interests in the Project.