Purchased Bonds. The Owner acknowledges that Purchased Bonds will be purchased by the Trustee as agent for and on behalf of the Owner and registered in the name of the Owner, to the extent that Xxxxxxx Mac has provided the funds to purchase such Purchased Bonds, and that such Purchased Bonds will be pledged to Xxxxxxx Mac pursuant to the Pledge Agreement.
Purchased Bonds. The Terms Agreement shall specify (by incorporation by reference or otherwise) the parties that will be Underwriters, the principal amount to be purchased by each, the purchase price to be paid by the Underwriters, any compensation or commissions to be paid to Underwriters, the offering price, and the terms of the Purchased Bonds not already specified in the Indenture, including, but not limited to, interest rates, maturity, redemption provisions, and sinking fund requirements, if any. The Terms Agreement shall also specify (by incorporation by reference or otherwise) the time and date of delivery and payment (the "Closing Date"), the place of delivery and payment, and any details of the terms of offering that should be reflected in the prospectus supplement relating to the offering of the Purchased Bonds (the "Prospectus Supplement"). It is understood that the Underwriters will offer the Purchased Bonds for sale as set forth in the Prospectus. The obligations of the Underwriters to purchase the Purchased Bonds shall be several and not joint. Except as may otherwise be set forth in the Terms Agreement, the Purchased Bonds will be in definitive form and in such denominations and registered in such names as the Underwriters may request.
Purchased Bonds. Owner acknowledges that any Related Purchased 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 Purchased 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 Pledge Agreement.
Purchased Bonds. Exhibit A to the Original Agreement is hereby amended as follows: Those Purchased Bonds identified on Exhibit A-1 to this First Amendment are deleted from Exhibit A, paragraph I. to the Original Agreement and those Purchased Bonds identified on Exhibit A-2 to this First Amendment are included on Exhibit A, in paragraph I. to the Original Agreement, resulting in a Restated Exhibit A to the Agreement, which is attached hereto as Exhibit A-3 and by this reference is incorporated herein. All other aspects of Exhibit A remain unchanged in the Restated Exhibit A.
Purchased Bonds. The Purchased Bonds purchased pursuant to Article II will be transferred to or held for the benefit of the Bank, free and clear of all liens, security interests or claims of any Person other than the Bank, except for consensual liens or other security interests as may be created by the Bank.
Purchased Bonds. (a) Unremarketed Bonds as Purchased Bonds; No Credit Facility Support. Bonds for which the Purchase Price is funded with moneys provided under the Credit Facility and which are not remarketed in accordance with the Remarketing Agreement shall be deemed to be Purchased Bonds. The Credit Facility shall not constitute security for or provide liquidity for Purchased Bonds.
Purchased Bonds. This Bond has been purchased with amounts drawn under the Credit Facility and is not secured by the Credit Facility pursuant to the terms of the Indenture and the Credit Facility. The initial principal amount of this Bond shall be zero and increase only to the extent and at such time as the Bonds become Purchased Bonds as provided in the Indenture. The principal amount of this Bond shall decrease when and to the extent the Purchased Bonds are successfully remarketed as provided in the Indenture. At no time shall the aggregate principal amount of all Bonds, including Purchased Bonds, exceed $14,200,000. Variable Interest Accrual Period. From the Delivery Date to, but excluding, the earlier of
Purchased Bonds. Purchased Bonds shall be subject to mandatory redemption prior to maturity, in whole, on the Liquidity Facility Expiration Date at a redemption price equal to 100% of the principal amount thereof, plus accrued interest to the redemption date. Exhibit 4.19
Purchased Bonds. 83 4.12.2 Borrower Bonds .............................................. 83 SECTION 4.13 Cash Collateral ............................................. 83 SECTION 4.14 Nonrecourse Obligations ..................................... 84 SECTION 4.15 Application for Related Fannxx Xxx Xxxlateral Agreements .... 86
Purchased Bonds. 75 SECTION 4.13
