Bond Enhancement Agreement definition

Bond Enhancement Agreement means, collectively, (i) each ISDA Master Agreement with respect to Parity Debt now or hereafter executed on behalf of the Board in accordance with the terms of the Board's resolution authorizing such agreement, and (ii) the applicable confirmation under such ISDA Master Agreement setting forth the specific terms of such transaction entered into on behalf of the Board in accordance with the terms of the Board's resolution authorizing such confirmation. As used herein, the term "Bond Enhancement Agreement" includes any such agreement regardless of whether such agreement was executed pursuant to Section 65.461 of the Texas Education Code, as amended, or Chapter 1371 of the Texas Government Code, as amended.

Bond Enhancement Agreement means any agreement of the nature described in Section 17.954(c), Texas Water Code.

Bond Enhancement Agreement means an interest rate swap agreement, a currency swap agreement, a forward payment conversion agreement, an agreement providing for payments based on levels of or changes in interest rates or currency exchange rates, an agreement to exchange cash flows or a series of payments, or other agreement, including an option, put, or call, to hedge or modify payment, currency, rate, spread, or other exposure.

Examples of Bond Enhancement Agreement in a sentence

• No Bond Enhancement Agreement authorized by this Resolution shall be payable at a rate greater than the maximum rate allowed by law.

• The costs of any Bond Enhancement Agreement and the amounts payable thereunder, including but not limited to any amounts payable by the Board as a result of terminating a Bond Enhancement Agreement, shall be payable from the Residual AUF as a cost of the support and maintenance of System administration or from any other source that is legally available to make such payments.

• Except as provided in subsection (b) hereof, to the extent the Board receives payments pursuant to a Bond Enhancement Agreement, such payments shall be applied for any lawful purpose.

• Payments to be made by the Board under the terms of a Bond Enhancement Agreement shall be governed by the resolution adopted by the Board authorizing the execution and delivery of such Bond Enhancement Agreement.

• The maximum term of each Bond Enhancement Agreement authorized by this Resolution shall not exceed the maturity date of the then outstanding related PUF Debt or the related PUF Debt anticipated to be issued in the future, as applicable.

• The Board hereby determines that any such Bond Enhancement Agreement entered into by an Authorized Representative pursuant to this Resolution is necessary or appropriate to place the Board’s obligations with respect to its outstanding PUF Debt or PUF Debt anticipated to be issued in the future on the interest rate, currency, cash flow or other basis set forth in such Bond Enhancement Agreement as approved and executed on behalf of the Board by an Authorized Representative.

• Each Bond Enhancement Agreement constitutes a “bond enhancement agreement” under Section 65.461 of the Texas Education Code, as amended (“Section 65.461”).

• Pursuant to Section 65.461, a Bond Enhancement Agreement authorized and executed by an Authorized Representative under this Resolution shall not be considered a “credit agreement” under Chapter 1371 of the Texas Government Code, as amended (“Chapter 1371”), unless specifically designated as such by such Authorized Representative.

• The costs ofany Bond Enhancement Agreement and the amounts payable thereunder shall be payable out of Pledged Revenues and each Bond Enhancement Agreement shall constitute Parity Debt under the Master Resolution, except to the extent that a Bond Enhancement Agreement provides that an obligation of the Board thereunder shall be payable from and secured by a lien on Pledged Revenues subordinate to the lien securing the payment of the Parity Debt.

• Except as further limited by subsection (b) hereof, to the extent the Board receives payments pursuant to a Bond Enhancement Agreement, such payments shall be applied for any lawful purpose.

More Definitions of Bond Enhancement Agreement

Bond Enhancement Agreement means an interest

Bond Enhancement Agreement means an interest rate swap agreement, a currency swap agreement, a forward payment conversion agreement, an agreement providing for payments based on levels of or changes in interest rates or currency exchange rates, an agreement to exchange cash flows or a series of payments, or other agreement.

Bond Enhancement Agreement means any loan agreement, revolving credit agreement, agreement establishing a line of credit, letter of credit, reimbursement agreement, insurance contract, commitment to purchase, purchase or sale agreement, interest rate swap agreement or commitment or other agreement authorized by the Authority in anticipation of, related to, or in connection with the authorization, issuance, sale, resale, security, exchange, payment, purchase, remarketing or redemption of the Bonds, interest on the Bonds, or both, or as otherwise authorized by Chapter 1371, Texas Government Code, as amended.