Bonds Outstanding Sample Clauses
The "Bonds Outstanding" clause defines the total amount of bonds that have been issued by an entity and remain unpaid or unredeemed at a given time. This clause typically specifies how outstanding bonds are calculated, including whether certain redeemed, repurchased, or converted bonds are excluded from the total. For example, it may clarify that only bonds still held by investors and not yet matured or called are considered outstanding. Its core practical function is to provide a clear and consistent basis for determining the entity's current debt obligations, which is essential for compliance with covenants, calculating interest payments, and assessing financial risk.
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Bonds Outstanding. The total aggregate principal amount of First Mortgage Bonds of the Company issued and outstanding and presently to be issued and outstanding under the provisions of, and secured by the Indenture, will be $38,500,000; namely - $10,000,000 principal amount of First Mortgage Bonds, 9.57% Series due 2018 now issued and outstanding, $5,500,000 principal amount of First Mortgage Bonds, 10.03% Series due 2018 now issued and outstanding, $8,000,000 principal amount of First Mortgage Bonds, 9.08% Series due 2022 and $15,000,000 principal amount of First Mortgage Bonds, _______% Series due 2031 to be issued upon compliance by the Company with the provisions of Section 3.03, Section 3.04 and/or Section 3.05 of the Original Indenture, as supplemented and modified.
Bonds Outstanding. The aggregate face amount of all prior issues outstanding as of the date of issuance of the Bonds (whether or not the issuer of each issue is the same) to which Section 144(a) of the Code or Section 103(b)(6) of the Internal Revenue Code of 1954, as amended applies, the proceeds of which were or will be used to any extent with respect to facilities located in the same incorporated municipality as the incorporated municipality in which the Project is located and the principal user of which is the Company or a Related Person, is $_____________. The Company and, at the direction of the Company, the Issuer, shall file any reports or statements and take any other action as may be required from time to time with respect to the qualification of the Bonds as an exempt small issue within the meaning of Section 144(a) of the Code.
Bonds Outstanding. Notwithstanding anything else in this Article to the contrary, but subject to Section 8.14, Company Bonds shall not be deemed to be Outstanding for purposes of this Article and the Company as holder thereof shall not be entitled to any rights or payments therefor pursuant to Sections 8.05, 8.06, 8.08 and 8.10.
Bonds Outstanding. However, without the consent of each Bondholder affected, no amendment or supplement may result in a change comparable to those described in the lettered clauses of Section 10.02.