Borrower Bonds. In order to secure its obligations under Sections 4.1, 4.6 and 4.7 of this Agreement, the Borrower shall execute and deliver to the Trustee, as assignee of the Authority, its Borrower Bonds. Each such Borrower Bond will be in substantially the form set forth in the Supplemental Borrower Indenture.
Borrower Bonds. Anything in this Indenture to the ------------ -------------- contrary notwithstanding, Bonds held by or for the account of the Borrower (other than Pledged Bonds) shall not be deemed Outstanding or entitled to payment, notices or any other rights hereunder.
Borrower Bonds. Owner acknowledges that any Related Borrower Bonds will be purchased for and registered in the name of Owner, to the extent that Fannie Mae has provided the funds to purchase such Related Borrower Bonds or moneys in the applicable Principal Reserve Fund were used for such purposes and will be pledged to Fannie Mae pursuant to the Related Borrower Bond Pledge Agreement.
Borrower Bonds. The Borrower shall not repay the Borrower Bonds with other than (a) Cash on Hand or (b) proceeds of other Indebtedness.
Borrower Bonds any Bonds which may from time to time have been purchased with proceeds of a Liquidity Drawing.
Borrower Bonds. The Borrower has pledged, assigned, hypothecated, transferred and granted to the Lender a lien on and security interest in all its right, title and interest to all Borrower Bonds pursuant to the Pledge and Security Agreement.
Borrower Bonds. 38 SECTION 4.07 No Purchases After Acceleration; Inadequate Funds for Purchases................................... 38 ARTICLE V FUNDS AND LETTER OF CREDIT
