Advance refunding bonds definition

Advance refunding bonds means refunding bonds issued for the purpose of refunding outstanding bonds in advance of their maturity.
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Advance refunding bonds means refunding bonds issued for the purpose of
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Advance refunding bonds means bonds issued for the purpose of refunding bonds first subject to redemption or maturing one year or more from the date of the advance refunding bonds.
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Examples of Advance refunding bonds in a sentence

  • Advance refunding bonds, however, do add to the outstanding stock of bonds without adding to the stock of capital.

  • Advance refunding bonds are issued prior to the date on which the original bonds are refunded, so that for a period of time there are two bond issues outstanding to finance the same capital facilities.

  • Advance refunding bonds issued under the provision must satisfy present-law arbitrage restrictions and all requirements otherwise applicable to advance refunding issues (e.g., redemption requirements and prohibition on abusive transactions).

  • Specifically, the County may issue refunding bonds as allowed by law to maximize savings and reduce debt services cash flow requirements.a. Advance refunding bonds may be issued when the net present value of savings is a minimum of 3% of the refunding par amount.b. Current refunding bonds may be issued when the net present value of savings is a minimum of $100,000.

  • Advance refunding bonds are issued prior to the date on which the original bonds are refunded, so that for a period of time there are two bond issues outstanding to finance the same capital facilities.Figure 3 shows the changes in new-issue and refunding municipal bonds from 1992 through 2015.

  • Specifically, the County may issue refunding bonds as allowed by law to maximize savings and reduce debt services cash flow requirements.a. Advance refunding bonds may be issued when the net present value of savings is a minimum of 3% of the refunding par amount.b. Current refunding bonds may be issued when the net present value of savings is a minimum of $100,000.The proposed refunding projects a percentage savings of refunding proceeds at 22.36% and the net present value savings of $710,979.

  • Advance refunding bonds" means bonds issued for the purpose of refunding bonds first subject to redemption or maturing after the date of the advance refunding bonds.

  • Advance refunding bonds shall not be utilized unless present value savings of 4% to 5% of refunded principal is achieved and unless the call date is within 3 years.


More Definitions of Advance refunding bonds

Advance refunding bonds means bonds issued between the period of December 22, 2005, and before January 1, 2011, meeting the requirements of Section 1400N(b) of the Code, as determined by the letter of bond counsel submitted in connection with an application by the Issuer of such bonds for an allocation from the ceiling of four billion five hundred million ($4,500,000,000) dollars available for such purpose and for designation of such bonds as Advance Refunding Bonds under the ceiling;
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Advance refunding bonds means bonds issued for the purpose
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Advance refunding bonds means any Bonds that are issued more than ninety (90) days prior to the earliest date on which the Refunded Bonds to which such Bonds relate may be called for redemption at the option of the County or maturity date for such Refunded Bonds.
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Related to Advance refunding bonds

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Refunding Bond or “Refunding Bonds” means all or a portion of the

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Existing Bonds means the following obligations of Seller:

  • Refunded Bonds means the portion of the $280,000 of the Series J Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Additional Series Equipment Notes means Equipment Notes issued under the Indenture and designated as a Series (other than “Series A” or “Series B”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Series AA Equipment Notes means Equipment Notes issued and designated as “Series AA Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series AA Equipment Notes” and bearing interest at the Debt Rate for Series AA Equipment Notes specified in Schedule I to the Indenture.

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Refinancing Equipment Notes and “Refinancing Trust” shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Refunding Date as defined in Section 2.7.

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Series A Equipment Notes means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture).

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.