Examples of Bank Bond in a sentence
Prior to selling a Bank Bond to a Bank Bondholder pursuant to this Section 2.13(a), the Bank shall obtain a written acknowledgment from such purchaser stating that such purchaser has no right to tender the Bank Bond and no right to be paid from amounts drawn under the Letter of Credit.
The Bank agrees to deliver and, by its acceptance of a Bank Bond, each other Bank Bondholder agrees to deliver (but only upon receipt by the Bank or such other Bank Bondholder of Dollars in the amount of the Sale Price) to the Trustee each certificate representing a Bank Bond sold by it pursuant to this Section 2.13(b), including without limitation certificates representing Bank Bonds which are deemed to have been delivered in accordance with the provisions of the Indenture.
The Bank agrees to notify in writing the District, the Trustee and the Remarketing Agent promptly of any such sale (other than a sale made pursuant to Section 2.13(b)) and to notify the transferee in writing that such Bond is no longer eligible to be tendered or deemed tendered for purchase pursuant to the Indenture so long as it remains a Bank Bond and that there shall not be a short-term investment rating assigned to such Bond so long as it remains a Bank Bond.
Any sale of a Bank Bond pursuant to this Section 2.13(b) shall be without recourse to the seller and without representation or warranty of any kind by the Bank or any Bank Bondholder.
Each 2010 Bond (other than a Bank Bond) shall bear interest at the rates determined pursuant to this Section, payable on each Interest Payment Date, for the immediately preceding Interest Payment Period.