Examples of Bank Bond in a sentence
The Alaska Municipal Bond Bank (Bond Bank) was created as a public corporation by the State in 1975 for the purpose of lending money to Alaska’s governmental units for their capital projects.
In addition to the foregoing provisions for the redemption of Bonds, any Bank Bond shall be subject to redemption at the time and in the amount and at the price specified in the Reimbursement Agreement related thereto.
The draw on the SBPA creates a new debt obligation between Metropolitan and the Bank, called a Bank Bond.
Notwithstanding any other provision of this Indenture, including any provision of this Section 2.03 relating to the determination of interest rates on the Bonds, any Bank Bond shall bear interest at the rate, payable at the times and in the manner, specified in the related Reimbursement Agreement.
Capitalized terms used but not defined herein are defined in Appendix X to the Sale and Servicing Agreement, dated as of August 30, 2001, among M&I Bank, Bond Securitization, L.L.C., as the depositor (the "Depositor"), the Owner Trustee and the Indenture Trustee (the "Sale and Servicing Agreement"), which also contains rules as to construction that shall be applicable herein.