Collateral Bonds definition

Collateral Bonds has the meaning given it in the fourth recital.

Collateral Bonds means all bonds, notes and other evidences of indebtedness from time to time issued and outstanding under the Collateral Trust Indenture.

Collateral Bonds means any First Mortgage Bonds issued by the Company under the First Mortgage Indenture and issued and delivered to the Trustee pursuant to Section 4.01.

Examples of Collateral Bonds in a sentence

• The Collateral Bonds shall be exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the Investor Services Department of the Company, as transfer agent.

• The Collateral Bonds shall not be sold or transferred by the Trustee until the earlier of the Release Date or the prior retirement of the Related Issue of Securities through redemption, repurchase or otherwise.

• The Company shall make payments of the principal of, and premium or interest on each of the Collateral Bonds to the Trustee, which payments shall be applied by the Trustee to satisfaction of all obligations then due on the respective Related Issue of Securities.

• Payment of a Credit Repurchase Amount equal to the Borrower Obligations as of the applicable Credit Repurchase Date shall be deemed to satisfy and discharge in full the principal of, and accrued and unpaid interest on, the Collateral Bonds.

• The “Release Date” shall be the date that all First Mortgage Bonds of the Company issued and outstanding under the First Mortgage Indenture, other than the Collateral Bonds, have been retired (at, before or after the maturity thereof) through payment, redemption or otherwise, provided that no Default or Event of Default has occurred and, at such time, is continuing under the Indenture.

More Definitions of Collateral Bonds

Collateral Bonds has the meaning given it in the seventh recital.

Collateral Bonds as defined in Section 4.2(b).

Collateral Bonds means the following notes of the Collateral Bond Issuer issued on 8 September 2006, in such Outstanding Principal Amount (as defined in the Collateral Bond Conditions) thereof as at the Closing Date, to be purchased by the Issuer from the Collateral Bond Seller on the Closing Date pursuant to the Collateral Bond Purchase Agreement:

Collateral Bonds and “Collateral Bond” shall have the meaning ascribed to such terms in Section 9.10.

Collateral Bonds means the First Mortgage Bonds, Collateral Series 2004A, and all other bonds issued and authenticated under the Mortgage and delivered to and held by the Trustee as Secured Obligations.

Collateral Bonds means, at the Arrangers' option exercised in accordance with Section 4.02(f), either (i) Oncor Mortgage Bonds or (ii) 2002 Indenture Bonds, in either case issued to the Administrative Agent pursuant to Section 4.02(f).

Collateral Bonds means, collectively, the Bonds of the Thirty-Second Series, the Bonds of the Thirty-Third Series, the Bonds of the Thirty-Fourth Series and the Bonds of the Thirty-Fifth Series.