Class B bonds definition

Class B bonds means general obligation bonds approved by a
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Class B bonds. The Class B Bonds in the form attached as Exhibit A-3 to the Indenture.
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Class B bonds means general obligation bonds approved by a vote of the qualified electors of a school district at an election held from and after December 31, 1998.
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Examples of Class B bonds in a sentence

  • The fair value of Class B bonds is calculated by discounting expected future cashflows at a discount rate which is derived from the yield on comparable instruments which are observable in the market.

  • Class B bonds are represented by subordinated junior tranche totaling RR 878 million that was retained by the Bank.

  • The fair values of Class B bonds and the derivative financial instrument have been derived from ‘level 2’ fair value measurements: directly observable market inputs other than Level 1 inputs.

  • The Class A1, A2, A3, A4, A5 and A6 bonds rank pari passu in point of security and as to payment of interest and principal, and have preferential interest payment and repayment rights over the Class AB2 and Class B bonds.

  • The Sunnyside Unified School District (the “District”) was successful at the election conducted on November 8, 2011, in obtaining authorization from the District’s voters to issue up to $88 million aggregate principal amount of the District’s Class B bonds, pursuant an approximate approval of 57% of voters.


More Definitions of Class B bonds

Class B bonds. The Class B Bonds in the form attached as Exhibit A-2 to the Indenture.
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Class B bonds means the Bonds so designated under the Indenture and issued pursuant thereto.
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Class B bonds. Any one of the Bonds with a "Class B" designation on its face, substantially in the form of Exhibit A-2, subordinate in right of payment to the Class A Bonds, as set forth herein.
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Class B bonds means the Class B Wrapped Bonds and the Class B Unwrapped Bonds, each of which may be further divided into Sub-Classes.
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Class B bonds are a class of Bonds authorized for issuance under the Indenture, the form of which is attached hereto as Exhibit B.
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Class B bonds means the Class B Secured Fixed Rate Bonds due 2031to be issued by the Issuer and which will rank pari passu and rateably without any preference or priority among themselves and will, as between the Classes and the other Secured Parties, rank in the order of priority set out in the Transaction Documents, and “Class B Bond” means any of the Class B Bonds
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Class B bonds. The Class B Bonds.
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