Construction Bonds definition

Construction Bonds means bonds issued by surety bond companies for the benefit of, and as required by, municipalities or other political subdivisions to secure the performance by Borrower or any Subsidiary of its obligations relating to lot improvements and subdivision development and completion.

Construction Bonds means bonds issued by surety bond companies or other Persons or other security for the benefit of municipalities or other political subdivisions to secure the performance by the Borrower or any Subsidiary thereof of its obligations relating to Real Estate improvements and subdivision development and completion.

Construction Bonds means all Bonds, whether issued in one or more Series, authenticated and delivered pursuant to Section 2.03, and any Bonds thereafter authenticated and delivered in lieu thereof or in substitution therefor pursuant to Article III or Section 4.04 or Section 8.06.

Examples of Construction Bonds in a sentence

• The election was conducted under Proposition 39, being chaptered as the Strict Accountability in Local School Construction Bonds Act of 2000, at Section 15264 et seq.

• While Qualified School Construction Bonds (QSCBs) are intended to be interest free to a borrower, the ARRA legislation allows a lender to charge supplemental interest, and such supplemental interest is the responsibility of the school district.

• The Election was conducted under Proposition 39, being chaptered as the Strict Accountability in Local School Construction Bonds Act of 2000, at Section 15264 et seq.

• Certain resources set aside for repayment of debt are classified as restricted assets on the Statement of Net Position because their use is limited by applicable debt statutes, e.g. Qualified School Construction Bonds sinking funds.

• For the payment of the principal and interest upon bonds designated "State of Michigan, State Highway Commissioner, Highway Construction Bonds, Series I", dated September 1, 1956, in the aggregate principal amount of $25,000,000.00, issued pursuant to former 1955 PA 87 and the resolution of the state administrative board adopted August 6, 1956, for the payment of which a sufficient sum is irrevocably appropriated.

More Definitions of Construction Bonds

Construction Bonds means all Bonds, whether issued in one or more Series, authenticated and delivered pursuant to Section 2.03, and any Bonds thereafter authenticated and

Construction Bonds means any letters of credit, bank guarantee, bonds, performance security and other forms of security issued or to be issued from time to time in favour of any Borrower Entity in accordance with the terms of the Construction and Drilling Contracts.

Construction Bonds means bonds issued by surety bond companies for the benefit of, and as required by, municipalities or other political subdivisions to secure the performance by Borrower, M/I Homes, Inc. or M/I Homes Construction, Inc. of its obligations relating to lot improvements and subdivision development and completion.

Construction Bonds means an issue in which all of the obligations of the issue are either (a) governmental bonds; (b) qualified section 501(c)(3) bonds; or (c) Private Activity Bonds used to finance property owned by a Governmental Unit or a tax-exempt organization, if at least seventy-five percent (75%) of the Available Construction Proceeds of such issue are to be used or are expected to be used if such an election has been made, for expenditures for construction, reconstruction and rehabilitation of property which is owned by a Governmental Unit or a tax-exempt organization.

Construction Bonds means all Bonds, whether issued in one or more Series, authenticated and delivered for the purpose of paying or providing for the payment of all or a portion of the Cost of Construction of a Project and any Bonds thereafter authenticated and delivered in lieu thereof or in substitution therefor.

Construction Bonds means Additional Bonds issued pursuant to the Indenture to finance all or part of the Cost of a Project.

Construction Bonds means all Bonds, whether issued in one or more Series, authenticated and delivered pursuant to Section 2.03, and any Bonds thereafter authenticated and delivered in lieu thereof or in substitution therefor pursuant to Article III or Section 4.04 or Section 8.06. Construction Fund