Allocable Bonds definition

Allocable Bonds means, as to any Owner, the then outstanding aggregate principal balance of Bonds which are collateralized by such Owner's Allocable Student Loans. The initial Allocable Bonds for each Owner are set forth on Schedule A attached hereto. Thereafter, the Allocable Bonds as to any Owner shall be determined by multiplying the then outstanding aggregate principal balance of the Bonds by a percentage derived by dividing the initial Allocable Bonds for such Owner by the initial aggregate principal balance of the Bonds.
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Allocable Bonds means those Bonds allocable to the Project as indicated on Attachment 1 hereto.
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Allocable Bonds means (a) with respect to the 20 Series B Bonds and with respect to each Juvenile Justice Commission Facilities Project, that portion of the 20 Series B Bonds that is allocated to each such Project on the basis of that portion of the proceeds of the 20 Series B Bonds that is deposited in the subaccount for such Project within the Repair and Replacement Reserve Fund, as shown on Exhibit D hereto, (b) with respect to the 20 Series C Bonds and with respect to each such Project, that portion of the 20 Series C Bonds that is allocated to each such Project on the basis of that portion of the proceeds of the 20 Series C Bonds spent or to be spent on Costs of each such Project, as shown on Exhibit D hereto, as the same may be revised, based on actual amounts expended, upon the completion of each such Project, and (c) in each case, all allocable additional Bonds or Refunding Bonds.
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Examples of Allocable Bonds in a sentence

  • The Agency does not reasonably expect, as of the date hereof, that the Allocable Bonds will meet either the private business tests or the private loan financing test.

  • The Agency hereby confirms the sources and uses of the sale proceeds of the Allocable Bonds as set forth on Attachment 1 hereto, including the allocations of the portions of the principal maturities and other matters set forth therein.

  • The documentation to be retained in accordance with this paragraph shall include (i) documentation evidencing the use of the facilities financed with the proceeds of the Allocable Bonds by public and private sources (i.e., copies of management contracts, research agreements, leases, etc.), and (ii) documentation evidencing all sources of payment for the costs of the Project.

  • None of the proceeds of the Allocable Bonds will be used, directly or indirectly, to replace funds which were used in any business carried on by any person other than a state or local governmental unit.

  • In the judgment of the Agency, the weighted average maturity of the Allocable Bonds set forth in Attachment 1 does not exceed 120% of the average reasonable expected economic life of the Project.

  • Unless otherwise advised by a written opinion of nationally recognized bond counsel, the Agency shall not enter into, materially modify or extend a management or service agreement with respect to any portion of the improvements or projects financed with proceeds of the Allocable Bonds with any entity other than a state or a local governmental unit unless such agreement complies with IRS Rev.

  • The Agency shall exercise due diligence to complete the Project, or to cause to be completed, within three years of the date of issuance of the Allocable Bonds.

  • The Agency covenants to maintain all records evidencing the use of the facilities financed with the net proceeds of the Allocable Bonds and the representations, certifications and covenants set forth in this Schedule F until the date six years after the last outstanding Bonds have been retired.

  • No portion of the original proceeds of the Allocable Bonds will be used as a substitute for other funds of the Agency which were to be used as a source of financing for any portion of the costs of the Project.

  • The aggregate uses of the proceeds of the Allocable Bonds, and other amounts available for such purposes, do not exceed the amount needed to accomplish the governmental purpose of the Allocable Bonds.

Related to Allocable Bonds

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

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

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

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

  • Refunded Bonds means the portion of the $35,000 of the Series E Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 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, and may include all of those Original Bonds.

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

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

  • Existing Bonds means the following obligations of Seller:

  • 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.

  • Substitution Principal Amount With respect to any Mortgage Loan substituted in accordance with Section 2.02 or pursuant to Section 2.03, the excess of (x) the unpaid principal balance of the Mortgage Loan which is substituted for over (y) the unpaid principal balance of the Substitute Mortgage Loan, each balance being determined as of the date of substitution.

  • Class P Principal Amount As of the Closing Date, $100.

  • Bonds Outstanding or "Outstanding Bonds" means, as of any given date, all Bonds which have been authenticated and delivered by the Trustee under this Indenture, except:

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • Class B-5 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.

  • Initial Principal Amount means, with respect to any Series or Class (or Subclass) of Notes, the aggregate initial principal amount of such Series or Class (or Subclass) of Notes specified in the applicable Series Supplement.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Certificate Principal Amount With respect to any Class of Sequential Pay Certificates or Class PEZ Regular Interest, (a) as of any date of determination on or prior to the first Distribution Date, an amount (adjusted in the case of any Class of Class A-S, Class B and Class C Certificates to take into account any Certificate exchanges pursuant to Section 5.12 of this Agreement from and including the Closing Date up to and including such date of determination) equal to the aggregate initial Certificate Principal Amount of such Class of Sequential Pay Certificates or such Class PEZ Regular Interest, as specified in the Preliminary Statement hereto, and (b) as of any date of determination after the first Distribution Date, an amount (adjusted in the case of any Class of Class A-S, Class B and Class C Certificates to take into account any Certificate exchanges pursuant to Section 5.12 of this Agreement after the Distribution Date immediately prior to such date of determination up to and including such date of determination) equal to the Certificate Principal Amount of such Class of Sequential Pay Certificates or such Class PEZ Regular Interest on the Distribution Date immediately prior to such date of determination, after any actual distributions of principal thereon and allocations of Realized Losses thereto on such prior Distribution Date, and after any increases to such Certificate Principal Amount on such prior Distribution Date (as and to the extent provided in the penultimate sentence of the first paragraph of Section 4.01(f) of this Agreement) in connection with recoveries of Nonrecoverable Advances previously reimbursed out of collections of principal on the Mortgage Loans. The Certificate Principal Amount of the Class PEZ Component A-S shall at all times equal the Class A-S-PEZ Percentage Interest of the Certificate Principal Amount of the Class A-S Regular Interest. The Certificate Principal Amount of the Class PEZ Component B shall at all times equal the Class B-PEZ Percentage Interest of the Certificate Principal Amount of the Class B Regular Interest. The Certificate Principal Amount of the Class PEZ Component C shall at all times equal the Class C-PEZ Percentage Interest of the Certificate Principal Amount of the Class C Regular Interest. The Certificate Principal Amount of the Class PEZ Certificates shall at all times equal the aggregate Certificate Principal Amount of the Class PEZ Components.

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

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

  • Remarketing Fee has the meaning specified in Section 5.4.

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • 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.