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

  • 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.

  • None of the proceeds of the Allocable Bonds will be applied to reimburse the Agency for costs of the Project incurred prior to __________, 2017 (which is 60 days prior to the SEU’s declaration of “official intent” with respect to the Project within the meaning of Treas.

  • 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 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.

  • 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.

  • 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 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.

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 refunding assessment 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 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 $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.

  • 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.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • 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 means 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.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • 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 Certificate (other than the Interest-Only Certificates and the Class R and Class LT-R Certificates) and any Distribution Date, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) the principal portion of all Realized Losses previously allocated to such Certificate; and (iii) any Certificate Writedown Amount previously allocated to such Certificate; provided, however, that on any Distribution Date on which a Subsequent Recovery is distributed, the Certificate Principal Amount of any Certificate then outstanding to which a Certificate Writedown Amount or Realized Loss amount has been applied will be increased sequentially, in order of seniority, by an amount equal to the lesser of (A) the principal portion of any Certificate Writedown Amount or Realized Loss amount previously allocated to that Certificate to the extent not previously recovered and (B) the principal portion of any Subsequent Recovery allocable to such Certificate after application (for this purpose) to more senior Classes of Certificates pursuant to this Agreement; and provided further that on any Distribution Date on which the Aggregate Stated Principal Balance of the Mortgage Loans exceeds the aggregate Certificate Principal Amount, such excess (including any excess attributable to the allocation of Principal Forbearance Amounts) will be allocated to increase the Certificate Principal Amount of any Certificate then outstanding to which a Certificate Writedown Amount or Realized Loss amount has previously been allocated, sequentially in order of seniority, up to the principal amount of such Certificate Writedown Amount or Realized Loss to the extent not previously recovered. The Interest-Only Certificates and the Class R and Class LT-R Certificates are issued without Certificate Principal Amounts.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

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