Bank Bondholder definition

Bank Bondholder means the Bank (but only in its capacity as Owner (which as used herein shall mean Beneficial Owner if at the relevant time Bank Bonds are Book Entry Bonds) of Bank Bonds pursuant to this Agreement) and any other Person to whom Bank Bonds have been sold pursuant to Section 2.5(a) hereof.

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Bank Bondholder means the Bank (but only in its capacity as owner of Bank Bonds pursuant to this Agreement) and any other Person to whom the Bank has sold Bank Bonds pursuant to Section 2.13.

Bank Bondholder means a Liquidity Facility Issuer owning, or on behalf of which is held, a Bank Bond, or its permitted assignee.

Examples of Bank Bondholder in a sentence

• Upon purchasing Bank Bonds, a Bank Bondholder shall be entitled to and, where necessary, shall be deemed assigned all rights, privileges and security accorded Bondholders as provided in the Bonds and the Indenture, other than the right to tender such Bond for purchase pursuant to the Indenture and have such Bond purchased with amounts drawn under the Letter of Credit.

• 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.

• 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.

• 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 U.S. Dollars in the amount of the Sale Price), to the Paying Agent each Bank Bond sold by it pursuant to this Section 2.4(a), including, without limitation, Bank Bonds which are deemed to have been delivered in accordance with the provisions of the Indenture.

• The Bank and any Bank Bondholder, by acceptance of the Bank Bonds, acknowledge that payment of any Deferred Interest Fee Amount and any interest thereon (including the Final Deferred Interest Fee Amount and any interest thereon) are not insured under the terms of the Insurance Policy.

• The Interest Component of the Purchase Price paid for such Bonds shall accrue interest at the Bank Rate and shall be paid to the GSEs (or the applicable Bank Bondholder) on the next Interest Payment Date.

• The Issuer shall pay to the Bank Bondholder any Differential Interest Amount that has accrued with respect to the sale of any Bank Bonds as provided in Section 4.1 hereof.

• When Bank Bonds are purchased in accordance with this Section 3.5(c), the Tender Agent shall, upon receipt of such Bank Bonds and upon receipt by the Bank Bondholder of the Sale Price, notify the Issuer that such Bonds are no longer Bank Bonds.

• If the Securities Depository is the Bondholder of all of the Series 2022A Bonds, no such Act of the Bondholder of any Series 2022A Bond (except any notice given or action taken in accordance with Section 3.05) shall be effective unless it is the Act of the Person in whose name such Series 2022A Bond is registered as of a record date established by the Bond Trustee for that purpose and unless such Act is concurred in by each Bank Bondholder as of the date of the action authorized thereby.

More Definitions of Bank Bondholder

Bank Bondholder means PNC Bank and any other Person to whom PNC Bank has sold Bank Bonds pursuant to the Standby Purchase Agreement (or the Bond Insurer, to the extent of payments made on Bank Bonds under the Bond Insurance Policy).

Bank Bondholder means the Administrator and any other Person to whom the Administrator has sold or otherwise transferred Bank Bonds pursuant to Section 3.5(a) hereof.

Bank Bondholder means the Bank, (but only in its capacity as owner of Bank Bonds pursuant to this Agreement) and any other Person to whom the Bank has sold Bank Bonds pursuant to Section 2.04(a) or 8.04 hereof.

Bank Bondholder means the Liquidity Provider (but only in its capacity as owner (which as used herein shall mean beneficial owner if at the relevant time Bank Bonds are Book-Entry Bonds) of Bank Bonds pursuant to this Agreement) and any other Person to whom the Liquidity Provider has sold Bank Bonds pursuant to Section 2.5(a) hereof.