Examples of Bond Obligations in a sentence
For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Trustee shall be free to carry out such sale pursuant to such agreement, and the Pledgor shall not be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Trustee shall have entered into such an agreement all Events of Default shall have been remedied and the Bond Obligations paid in full.
This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until payment in full of the Bond Obligations.
Upon the payment in full of the Bond Obligations, this Agreement shall automatically terminate and the Trustee shall return such of the Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof and shall, at Pledgor’s sole cost and expense, execute such instruments and documents as may be reasonably requested by the Pledgor to evidence such termination and the release of the lien hereof.