Bond Distribution Date definition

Bond Distribution Date. As defined in SECTION 8.02(B). BOND MATURITY DATE: March 1, 2003. BORROWER: Mid-America Capital Partners, L.P.

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Bond Distribution Date means, in respect of an Insured Obligation, the monthly date on which scheduled interest and/or principal payments are due, or would be due (absent any acceleration, termination, extinguishment or legal final maturity of such Insured Obligation), from the issuer of the relevant Insured Obligation to the Beneficial Holders of such Insured Obligation, or, if payment of scheduled interest and/or principal in relation to any such Insured Obligation is not or would not have been due on a monthly basis, each Payment Date.

Examples of Bond Distribution Date in a sentence

From and after the Effective Date, Trustees receiving Deferred Amount Consideration will, on the next occurring Bond Distribution Date, distribute such Deferred Amount Consideration to the holders of securities insured by the policies to which such Deferred Amount Consideration relates.
In respect of any Insured Obligation subject to Undercollateralization, on any Bond Distribution Date on which Accretion Amounts are to be calculated, the applicable annualized interest rate that a Holder would be entitled to receive on such Bond Distribution Date for the relevant Insured Obligations in accordance with, and subject to, the terms and conditions of the relevant Transaction Documents relating to such Insured Obligations.
Any Distribution on the Effective Date, pursuant to this Plan and the Amended Payment Guidelines, will be deemed to have been received by Beneficial Holders on the next scheduled Bond Distribution Date applicable to the relevant Insured Obligation or underlying Transaction Documents that give rise to such Claims, notwithstanding the date when the Cash or Pre-Record Date Deferred Amount Consideration was actually received by such Beneficial Holders.
In respect of any Insured Obligation or any Permitted Claim which has a related Pre-Record Date Deferred Amount or Junior Deferred Amount outstanding, on any Bond Distribution Date on which such Pre-Record Date Deferred Amount or Junior Deferred Amount is to be calculated, accretion on such outstanding Pre-Record Date Deferred Amount or Junior Deferred Amount at the Accretion Rate to the Effective Date.
For the avoidance of doubt, the earliest date on which a Claim may be submitted to the Claims Administrator for consideration as a Permitted Claim is the earlier of (x) the Bond Distribution Date and (y) the date that the right to payment arises under the Insured Obligation that gives rise to a Claim.
Any distribution pursuant to the Plan Amendment will be deemed to have been received by beneficial holders of the securities to which such distribution relates on the next scheduled Bond Distribution Date applicable to the relevant insured obligation or underlying indenture that gives rise to the claims to which such distribution relates, notwithstanding the date when the cash or Deferred Amount Consideration was actually received by such beneficial holders.

More Definitions of Bond Distribution Date

Bond Distribution Date means, for the period from and including the Issue Date to and including the Maturity Date, each day on which the Issuer should receive a Bond Distribution (and including, for the avoidance of doubt, the Bond Maturity Date specified at paragraph 44 above (the "Bond Maturity Date"));