Bank Bonds definition

Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

Bank Bonds means any VRDOs that were tendered for purchase by a bondholder and were put to the GSEs under a TCLF and have not yet been remarketed to a new bondholder, whether or not the GSEs have issued GSE Securities backed by such Bank Bonds.

Bank Bonds means Variable Rate Bonds purchased with funds provided by the Bank pursuant to a Liquidity Facility until such 202_ Series - Bonds are remarketed.

Examples of Bank Bonds in a sentence

• In addition, the District will not permit, nor cause the optional redemption of, any Bond (other than Bank Bonds) prior to the redemption of Bank Bonds and payment in full of all Obligations payable to the Bank hereunder and under the Indenture.

• To the extent Bonds are required to be purchased by the Bank under the Indenture pursuant to a Liquidity Drawing, such Bonds shall become Bank Bonds and shall bear interest at the Bank Rate for each day from and including the date such Bonds become Bank Bonds to, but not including, the date such Bonds are paid or repaid in full or are remarketed in accordance with the Indenture and the Remarketing Agreement.

• The District will not, so long as any of the District’s Obligations hereunder or the Bank Bonds remain unpaid, terminate or permit the termination of this Agreement or any of the other Related Documents to which the District is a party.

• The District will not take any action or actions which would result in the District’s Obligations hereunder or under the Bank Bonds having a Lien on the Revenues that is junior or subordinate to the Lien in support thereof, of the other Senior Obligations or any other Debt incurred or issued by the District whether pursuant to the Indenture, the Prior Indenture, the Series 2007 Indenture or any other indenture, agreement, contract or document to which the District is a party.

• If the Remarketing Agent fails to perform its duties under, and in accordance with the terms of, the Remarketing Agreement or if the Remarketing Agent fails to remarket Bank Bonds for thirty (30) consecutive calendar days, the District shall, at the written direction of the Bank, remove the Remarketing Agent.

More Definitions of Bank Bonds

Bank Bonds means 2005 Series M Bonds purchased with funds provided by the Bank pursuant to a Liquidity Facility, other than Self Liquidity.

Bank Bonds means any Bonds registered in the name of the Liquidity Facility Provider or any Bank Bondholder (as defined in the Initial Liquidity Facility) pursuant to Section 7.8(b) of this 2023N Series Indenture.

Bank Bonds shall have the meaning ascribed thereto in Section 4.06(b)(i) hereof.

Bank Bonds means Bonds which have been purchased with the proceeds of a draw on the Letter of Credit, until such Bonds no longer constitute Bank Bonds pursuant to the terms of this Agreement.

Bank Bonds means senior bonds issued by a credit institution and traded on a regulated market where the capital amount invested is guaranteed by the issuer;

Bank Bonds means the 9 per cent. bonds issued by the Bank in an aggregate amount of KZT 645 billion in March 2009 to Samruk-Kazyna in exchange for all of the SK Bonds;

Bank Bonds means the not to exceed $10,000,000 Mississippi Development Bank Special Obligation Bonds, Series 2020 (Tupelo, Mississippi General Obligation Bond Project), authorized to be issued in one or more series by the Bank pursuant to the Bank Act and the terms and conditions of the Indenture.