Collateral Mortgage Bonds definition
Examples of Collateral Mortgage Bonds in a sentence
Day–to-day highway operations will be improved through better coordination and planning through a centralised highway hub.
Upon delivery of the Collateral Mortgage Bonds to the Administrative Agent under a Bond Delivery Agreement and at all times thereafter, the Collateral Mortgage Bonds will be “Outstanding” and the Administrative Agent will be the “Holder” of the Collateral Mortgage Bonds for all purposes of the Mortgage Indenture.
Upon delivery of the Collateral Mortgage Bonds to the Administrative Agent and at all times thereafter prior to the release of the Collateral Mortgage Bonds pursuant to Section 9.22, the Collateral Mortgage Bonds will be “Outstanding” and the Administrative Agent will be the “Holder” of the Collateral Mortgage Bonds for all purposes of the Mortgage Indenture.
For the avoidance of doubt, any amounts received by the Trustee with respect to the 4.65% Collateral Mortgage Bonds due 2028 will be applied to satisfy any obligations under the 4.65% Senior Notes due 2028 in accordance with the Indenture and not any other Bonds outstanding under the Indenture.
Upon delivery of the Collateral Mortgage Bonds to the Paying Agent under the Bond Delivery Agreement and at all times thereafter, the Collateral Mortgage Bonds will be "Outstanding" and the Paying Agent will be the "Holder" of the Collateral Mortgage Bonds for all purposes of the Second Indenture.
For the avoidance of doubt, any amounts received by the Trustee with respect to the 3.30% Collateral Mortgage Bonds due 2027 will be applied to satisfy any obligations under the 3.30% Senior Notes due 2027 in accordance with the Indenture and not any other Bonds outstanding under the Indenture.
Upon delivery of the Collateral Mortgage Bonds to the Administrative Agent under the Bond Delivery Agreement and at all times thereafter prior to the release of the Collateral Mortgage Bonds pursuant to Section 9.09, the Collateral Mortgage Bonds will be “Outstanding” and the Administrative Agent will be the “Holder” of the Collateral Mortgage Bonds for all purposes of the Mortgage Indenture.
The Trustee makes no representations as to the validity, execution or sufficiency of this Supplemental Indenture, the 2035 Collateral Mortgage Bonds or in respect of the recitals contained herein, all of which are deemed made by the Company.
The Trustee shall have no duty to ascertain or inquire into or verify the performance or observance of any covenants, conditions or agreements on the part of the Company or the Mortgage Bond Trustee with respect to the 2035 Collateral Mortgage Bonds.
In connection therewith, the Lenders hereby consent to the issuance of such new series of Second Mortgage Bonds, and authorize the Administrative Agent (as holder of the Collateral Mortgage Bonds) to consent to the issuance of such new series of Second Mortgage Bonds pursuant Section 1(b)(2) of Article III of the Second Indenture.