Eligible Bond means, as of any date, an Eligible Security (a) that is a debt obligation, (b) that was part of an initial issuance of at least $250,000,000 or the Dollar equivalent, (c) with a remaining maturity of ten years or less, (d) that was not issued by a debtor-in-possession, (d) that does not contain any PIK interest or PIK interest option, (e) that is not in default (i) with respect to any payment of principal or interest, or (ii) for any other default, for over sixty (60) days, (f) having a market value, as determined by at least one Pricing Service, of at least 60% of the par value thereof, and (g) that is not Eligible Commercial Paper.
Eligible Bond means any Bonds bearing interest at a Variable Rate or a Long- Term Interest Rate not fixed to the maturity of the Bonds, other than Bonds owned by, for the account of, or on behalf of, the Issuer, and excludes, in any event, Liquidity Provider Bonds and Bonds that have been removed from coverage under this Agreement by redemption, defeasance or substitution of an Alternate Liquidity Facility.
Examples of Eligible Bond in a sentence
To reflect the fact that only U.S.$911.30 will be payable for each U.S.$1,000 principal amount originally due, a principal amortization factor of 0.91130 will be instituted with respect to such Eligible Bond.
Any consent given by or on behalf of any Holder in connection with the Invitation will be conclusive and binding on all subsequent Holders or Ineligible Holders of that Eligible Bond.
Where an Eligible Bond is held jointly by two or more Eligible Bondholders, the compensation will take the form of a single payment made to the Eligible Bondholders jointly.
The Subseries A-2 Sinking Fund Requirement for the last August 1 not later than such maturity date or the date of such requirement shall be increased by the principal amount of each Eligible Bond so credited that is not a Subseries A-2 Bond.
Only “voting faculty” as defined in the UNC Board of Trustees manual are eligible to represent their department/program.
More Definitions of Eligible Bond
Eligible Bond means each of the Collateralized Fixed Rate Par Bonds Due 2020 to be issued by the Borrower in dollars as described in the Financing Plan in a principal amount equal to 100% of the principal amount of the Eligible Debt (as hereinafter defined) to be exchanged for such Bonds payable with interest at a fixed rate per annum depending on the applicable currency as shown in the Financing Plan;
Eligible Bond means any bond or note which on the day of its Substitution has the following characteristics:
Eligible Bond means either an Investment Grade Bond or a Non-Investment Grade Bond for which (i) the Borrower or one of its Affiliates was the issuer or was the depositor into a trust which was the issuer, (ii) the Borrower is the current owner and (iii) either (y) Greenwich Capital Markets, Inc. was the underwriter or placement agent, or (z) FNMA or FHLMC has guaranteed the payment of principal and interest on the securities. In addition, the following securities shall constitute Eligible Bonds for purposes of this Agreement: Hanover Capital Trust 1998-B, Class 1B and Class 2B. For purposes of this Agreement, an Eligible Bond shall also include any Equity Certificate and any A Conduit Non-Investment Grade Subordinate Bond which is acceptable to the Lender in its sole discretion; provided, however, that if Lender determines that an Eligible Bond is acceptable to it, such acceptance shall be deemed to continue for so long as such
Eligible Bond means either an Investment Grade Bond or a Non-Investment Grade Bond for which (i) the Borrower or one of its Affiliates was the issuer or was the depositor into a trust which was the issuer, (ii) the Borrower is the current owner and (iii) Greenwich Capital Markets, Inc. was the underwriter or placement agent.
Eligible Bond shall have the meaning set forth in the Pricing Side Letter.
Eligible Bond means, at any time of determination, any Bond which is identified as an Eligible Bond on the Bond Schedule (whether held by the Origination Trust or the Owner Trust at such time of determination) and as to which all of the representations and warranties of Charter Mac and the Account Party contained in Section 4 of the Charter Equity Contribution Agreement and Charter Contribution Agreement, respectively, are true, and are not, in any material and adverse respect, false, incorrect or misleading.
Eligible Bond means any bond outstanding as of the date hereof: (i) that was (A) issued to an Eligible Obligee, (B) identified in the AIG Surety Agreement as entitled to seek reimbursement from TCC, and (C) set forth on Schedule 1.2 hereof, and (ii) with respect to which any letter of credit issued on behalf of TransCore to secure such bond has been or is hereafter released. An Eligible Bond also shall mean any bond that (x) will be issued to an Eligible Obligee (A) on or between the date hereof and October 31, 2003, or (B) after October 31, 2003 if such surety bond is scheduled to be released on or before October 31, 2004, (y) will be issued pursuant to a Surety Bond Agreement by an Issuer to an Eligible Obligee on behalf of TransCore or its Affiliates, and (z) contains customary terms and conditions, including standard subrogation and other rights, and guaranteeing to the Eligible Obligee payment or performance by TransCore or its Affiliates under a contract between TransCore or its Affiliates and the Eligible Obligee; provided, however, that a bond that does not meet the requirements of paragraph (x) of this sentence but that does meet the requirements of paragraphs (y) and (z) of this sentence will be deemed to be an Eligible Bond if TransCore delivers to TCC an Additional Letter of Credit in an amount equal to one-third (1/3) of the amount of the bond; provided further, that notwithstanding the terms of any such surety bond, the AIG Highstar Payment Commitment shall, in all cases, be subject to the AIG Highstar Payment Limit as provided herein and the AIG Highstar Payment Commitment shall be further limited by the application of Section 5.5 hereof.