Examples of Bonds to be Refunded in a sentence
The Defeased Series Bond Escrow Fund created hereby shall be irrevocable, and the holders of the Series Bonds to be Refunded shall have an express lien on and security interest in all amounts deposited in the Defeased Series Bond Escrow Fund, including all amounts representing principal of and all amounts representing interest on the Defeasance Securities in the Defeased Series Bond Escrow Fund until used and applied in accordance herewith.
Upon the issuance by the I-Bank of its Bonds to be Refunded, each Applicable Refunding Program Borrower was required to deliver to the I-Bank a valid Refunding Program Borrower I-Bank Loan Bond evidencing and securing the repayment obligation of such Refunding Program Borrower with respect to its Refunding Program I-Bank Loan.
The purpose for which the Series 2015 Bonds are issued is (i) to refund the Bonds to be Refunded and (ii) to pay costs of any highway purpose, bond related expense or bond related obligation, permitted under the Act, including, without limitation, paying interest on bonds or notes issued by the Board for highway purposes.
This is especially true as the Icelandic geothermal sector mostly consists of SMEs.Working in partnerships with international companies/consortiums, international financing institutions (IFIs), bilateral development agencies etc.
Pursuant to Section 3.01(A)( ) of the Series 2014B-R Refunding Supplemental BondResolution, the Trust has created and established with the Defeased Series Bond EscrowAgent a special and irrevocable escrow fund designated "Defeased Environmental Infrastructure Bonds, Series Escrow Fund (2014)" (the "Defeased Series Bond Escrow Fund") to be held by the Defeased Series Bond Escrow Agent as a trust fund for the benefit of the holders of the Series Bonds to be Refunded.