Bond Collateral definition

Bond Collateral means the real and personal property of the Obligated Debtors securing their obligations to the Bond Trustee and Bondholders under the 2008 Bond Documents.

Bond Collateral means the assets of PREPA, if any, subject to a valid, perfected, and enforceable prepetition security interest in favor of the Bond Trustee on account of the PREPA Revenue Bonds as determined pursuant to the Amended Lien & Recourse Challenge Final Resolution.

Bond Collateral means all of Borrower’s rights, title and interest with respect to the Bonds described on Schedule 2 attached hereto, including, without limitation, all direct and indirect ownership interests and all participation interests in such Bonds, the Bond Documents, the Projects described on Schedule 3 attached hereto and all mortgages, security interests, promissory notes and other instruments, agreements and documents evidencing and securing the Project Loans for each of the Projects to the extent of Borrower’s interests therein, and all Proceeds of the foregoing, however and whenever acquired and in whatever form, including, without limitation, all certificates or instruments representing or evidencing such Bond Collateral, and all principal, interest and payments and distributions of cash or other property and proceeds from time to time received, receivable or otherwise distributed in respect of, or in exchange therefor (whether such proceeds arise before or after the commencement of any proceeding under any applicable bankruptcy, insolvency or other similar law, by or against the Borrower), all powers and rights of the Borrower now or hereafter acquired by the Borrower, including rights of enforcement, with respect to all Bonds, the Bond Documents, the Project Loans and the Projects.

Examples of Bond Collateral in a sentence

• Except as set forth herein, the Debtor shall not grant liens on, or security interests in, the Prepetition Bond Collateral or the Collateral to any other party, pursuant to Section 364 of the Bankruptcy Code or otherwise, without the consent of the Bond Trustee.

• Nothing herein shall (i) preclude the Bond Trustee from seeking any other relief that it may deem appropriate, including relief from the automatic stay; or (ii) prevent the Bond Trustee from asserting at some later time that its liens and security interests in the Prepetition Bond Collateral are not being adequately protected.

• The Interest Postponement Date will occur on or shortly after the Bond Collateral Liquidation Date.

• Investors should note that the Asset Swap Transaction will terminate on or shortly after the Bond Collateral Liquidation Date.

• In lieu of giving the Bond Trustee relief from stay or attempting to obtain this Court’s approval for use of Cash Collateral on a non-consensual basis, the Debtor wishes to provide adequate protection of the liens and security interests of the Bond Trustee in Cash Collateral and other Prepetition Bond Collateral on the terms set forth in this Interim Order, reflecting the agreement of the Debtor and the Bond Trustee.

More Definitions of Bond Collateral

Bond Collateral means (1) shares of Satellite CD Radio, Inc. or (2) any license owned by Satellite CD Radio, Inc. that is required to operate a CD Radio Business.

Bond Collateral the portion of the Collateral consisting of FHA bonds and the proceeds thereof, as such Collateral may be substituted from time to time with other Liquid Investments.

Bond Collateral means with respect to each Bond, all property and interests in property now or hereafter securing such Bond, and the obligations of the Bond Issuer and/or any Bond Obligor in respect of such Bond, including, without limitation, all contract rights, accounts receivable, accounts, documents, instruments, general intangibles, escrows and Bond Documents.

Bond Collateral means (a) all Green Infrastructure Property, including without limitation all Revenues, and the Department’s interest in the Financing Order, (b) the Bond Fund, and all Accounts, Subaccounts and assets, including money, contract rights, general intangibles or other personal property held by the Trustee under the Indenture, (c) the State Pledge and the other covenants of the State in the Indenture; (d) the Department’s right to enforce the Service Provider Agreement; (e) any and all other property of any kind conveyed, pledged, assigned or transferred as and for additional security under the Indenture and (f) the proceeds of the foregoing. Except as specifically provided in the Indenture, such pledge, assignment and lien, does not include (i) the rights of the Department pursuant to provisions for consent or other action by the Department, notice to the Department, or the filing of documents with the Department, or (ii) any right or power reserved to the State pursuant to the Statute or other law.

Bond Collateral means that certain securities account number 09508-01-J in the name of Liposome at CoreStates and all financial assets from time to time carried therein acceptable to Agent and any free credit balance contained therein.

Bond Collateral means the LIENS granted by BORROWER to the BOND ISSUER to secure the BOND DEBT on BORROWER’s property and assets described in a Construction Loan Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement dated as of April 1, 2008 on the PROJECT (“BOND MORTGAGE”), and a Security Agreement (“BOND SECURITY AGREEMENT”) and related financing statements and control agreements, all executed by BORROWER in favor of the BOND TRUSTEE.

Bond Collateral has the meaning specified in the definition of Permitted Liens.