Municipal Bonds. We have classified longer term municipal securities as "municipal bonds." The principal classifications of long-term municipal bonds are "general obligation" and "revenue" (including "industrial development") bonds. They may have fixed, variable or floating rates of interest, as described below. Some bonds may be "callable," allowing the issuer to redeem them before their maturity date. To protect bondholders, callable bonds may be issued with provisions that prevent them from being called for a period of time. Typically, that is 5 to 10 years from the issuance date. When interest rates decline, if the call protection on a bond has expired, it is more likely that the issuer may call the bond. If that occurs, the Fund might have to reinvest the proceeds of the called bond in bonds that pay a lower rate of return.
Municipal Bonds. Municipal bonds are debt obligations is- sued by states, cities, counties, and other public entities, which use the loans to fund public projects, such as the construction of schools, hospitals, highways, sewers, and universities.
Municipal Bonds. Municipal bonds can be significantly affected by political or economic changes as well as uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the inability to collect revenues for the project or from the assets. Certain municipal bonds may provide exposure to the transportation industry and utilities sector. The transportation industry may be adversely affected by economic changes, increases in fuel and operating costs, labor relations, insurance costs and government regulations. The utilities sector is subject to significant government regulation and oversight, and may be adversely affected by increases in fuel and operating costs, rising costs of financing capital construction and the cost of complying with U.S. federal and state regulations, among other factors.
Municipal Bonds. No member of the Target Group may (and the Borrower shall procure that no member of the Target Group shall) at any time after the date of this Agreement increase its investments in municipal bonds provided that this clause shall not restrict members of the Target Group from holding or dealing in any such investment purchased by it prior to the date of this Agreement.
Municipal Bonds. HomeFed acknowledges that LUK has no obligation to purchase municipal bonds with respect to any of the Companies or their respective operations.
Municipal Bonds. Debt obligations of a state or local government
Municipal Bonds. Copies of any instruments or certificates evidencing the Municipal Bonds, any and all agreements or other documentation relating to them and statements or other confirmation of ownership of uncertificated securities or brokerage accounts.
Municipal Bonds. Seller has no knowledge of any material adverse changes regarding any issue or issuer of the Municipal Bonds not generally known by or reported to financial markets.
Municipal Bonds. The parties shall share equally their interests in the ____________ NY ________________ Municipal Bonds and the ____________ INSD Tax Free ____________________, both of which are held in the Husband’s ________________ Account #______________. Within 10 (ten) days of the execution of this Agreement, the parties shall take all steps necessary to transfer 50% of each such holding to an account in the Wife’s name designated for this purpose, such transfer to provide her with investments with a substantially equal basis to those retained by the Husband.
Municipal Bonds. A debt security issued by a state, municipality or county to finance its capital expenditures. Municipal bonds are exempt from federal taxes and from most state and local taxes
