Examples of Collateral Mortgage Bonds in a sentence
Upon delivery of the Collateral Mortgage Bonds to the Administrative Agent under the 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 Second Indenture.
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.
Reference is made to the Indenture and the Mortgage Indenture for a description of the rights of the Trustee as holder of the 2047 Collateral Mortgage Bonds, the property mortgaged and pledged, the nature and extent of the security and rights of the holders of the mortgage bonds under the Mortgage Indenture and the rights of the Company under the Mortgage Indenture and the terms and conditions upon which the Notes are secured.
Except (i) as otherwise permitted by the Indenture or (ii) in connection with an assignment to a successor trustee in accordance with the Indenture, the Trustee shall not sell, assign or transfer the 4.65% Collateral Mortgage Bonds due 2028.” Section 000 Xxxx Xxxxxxxx.
The Trustee will not be required to take any action that is contrary to applicable law or any provision of the Indenture, the 2048 Collateral Mortgage Bonds or the Mortgage Indenture or, that otherwise subjects it to liability.
Prior to the release of the Collateral Mortgage Bonds pursuant to Section 9.22, the Applicant will not, and will not permit any of its Subsidiaries to, permit any asset (including any cash) to be released from the Lien of the Mortgage Indenture other than in accordance with the terms and provisions of the Mortgage Indenture.
Reference is made to the Indenture and the Mortgage Indenture for a description of the rights of the Trustee as holder of the 4.65% Collateral Mortgage Bonds due 2028, the property mortgaged and pledged, the nature and extent of the security and rights of the holders of the first mortgage bonds under the Mortgage Indenture and the rights of the Company under the Mortgage Indenture and the terms and conditions upon which the Senior Notes are secured.
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 purpose of providing collateral security for the obligations of the Company with respect to the 4.65% Senior Notes due 2028, the Company shall issue and deliver the 4.65% First Mortgage Bond, Collateral Series due 2028 (the “4.65% Collateral Mortgage Bonds due 2028”) to the Trustee pursuant to the Second Supplemental Indenture.
All representations and warranties made by the Holder shall survive the earlier of the Expiration Date and shall remain effective and enforceable until the earlier to occur of the Expiration Date or the date on which claims based thereon shall have been barred by the applicable statutes of limitation.