Common Reserve Bonds definition

Common Reserve Bonds means the Senior Bonds of any Series secured by the Common Reserve Account as provided in the Applicable Supplemental Indenture providing for the issuance of each such Series of Senior Bonds.
Sample 1Sample 2Sample 3
Common Reserve Bonds means any Series of Future Parity Obligations that may be designated by the City as a Common Reserve Bond, secured by the Common Reserve Account. The Bonds authorized by this ordinance are not designated as Common Reserve Bonds.
Sample 1Sample 2
Common Reserve Bonds means the Bonds of any other Series issued under the Master Indenture and designated in writing to the Trustee by an Authority Representative as being secured on a parity with the Series 2021AB Bonds by amounts on deposit in the Common Reserve Account. As of the date of the issuance of the Series 2021AB Bonds, the term Common Reserve Bonds shall include the (i) Airport System Revenue Refunding Bonds, Series 2010F-1,(ii) Airport System Revenue Refunding Bonds, Series 2012A, (iii) Airport System Revenue and Refunding Bonds, Series 2013A, (iv) Taxable Airport System Revenue Refunding Bonds, Series 2013B, (v) Airport System Revenue Refunding Bonds, Series 2013C, (vi) Airport System Revenue and Refunding Bonds, Series 2014A, (vii) Airport System Revenue Refunding Bonds, Series 2016A, (viii) Airport System Revenue and Refunding Bonds, Series 2016B, (ix) Airport System Revenue and Refunding Bonds, Series 2017A, (x) Airport System Revenue and Refunding Bonds, Series 2018A, (xi) Airport System Revenue and Refunding Bonds, Series 2019A, (xii) Airport System Revenue Refunding Bonds, Series 2019B, (xiii) Airport System Revenue Refunding Bonds, Series 2020A, (xiv)Airport System Revenue Refunding Bonds, Series 2020B,(xv) Series 2021AB Bonds and (xvi) any future Series of Bonds designated by the Airports Authority as “Common Reserve Bonds”.
Sample 1Sample 2

Examples of Common Reserve Bonds in a sentence

  • In the event of any cancellation, the Common Reserve Fund shall be funded as if the Common Reserve Bonds that remain outstanding had been issued on the date of such notice of cancellation.

  • The City further pledges the amounts on deposit in the Common Reserve Fund to the payment of principal of and interest on the Bonds and to other Common Reserve Bonds that may be issued from time to time.

  • As long as the money left remaining on deposit in the Common Reserve Fund is equal to the Reserve Requirement, money in the Common Reserve Fund may be transferred to the Bond Fund and used to pay the principal of and interest on Common Reserve Bonds as the same becomes due and payable.

  • The Common Reserve Fund shall be maintained for the purpose of securing the payment of the principal of and interest on all Common Reserve Bonds.

  • Common Reserve Bonds mean those Future Parity Bonds designated by the City in the ordinance authorizing their issuance as Common Reserve Bonds secured by the Common Reserve Fund.

  • The Bonds shall be issued as Common Reserve Bonds and shall be secured by the Common Reserve Fund.

  • Whenever there is a sufficient amount in the Bond Fund and the Common Reserve Fund to pay the principal of and interest on all outstanding Common Reserve Bonds, the money in the Common Reserve Fund may be used to pay such principal and interest.

  • The Common Reserve Fund is a common reserve, securing the payment of the principal of and interest on all Parity Bonds that are designated as Common Reserve Bonds in the ordinance authorizing their issuance.

  • The Bonds are not Common Reserve Bonds and are not secured by any amounts in a Parity Reserve Account or other debt service reserve account.


More Definitions of Common Reserve Bonds

Common Reserve Bonds means, collectively, the 2014 Bonds, the 2017 Bonds, the 2019 Bonds, the 2021 Bonds, the 2022 Bonds and any subsequent series of Bonds issued under a series resolution that
Sample 1
Common Reserve Bonds means the Bonds of any other Series issued under the Master Indenture and designated in writing to the Trustee by an Authority Representative as
Sample 1
Common Reserve Bonds means the Bonds of any other Series issued under the General Resolution and designated by the Board as being secured on a parity with the Series 2024 Bonds by amounts on deposit in the Common Bond Reserve Account. As of the date of the issuance of the Series 2024 Bonds, the term Common Reserve Bonds shall include (i) the Series 2024 Bonds,
Sample 1
Common Reserve Bonds means one or more Series of Bonds entitled to the benefit and security of a single Common Reserve Account.
Sample 1
Common Reserve Bonds means the Bonds and any Series of Additional Bonds secured by the Common Reserve Account as provided in the Supplemental Indenture(s) providing for the issuance of each such Series of Additional Bonds.
Sample 1
Common Reserve Bonds means, collectively, those Parity Bonds that are designated by the City as common reserve bonds, the payment of which is secured by amounts on deposit in the Common Reserve Subaccounts, without distinction, priority or preference among the amounts drawn from any particular Common Reserve Subaccount. The Bonds authorized by this ordinance are designated as Common Reserve Bonds. The Outstanding 2009 Bonds, 2013A Bonds, 2013B Bonds, and 2015 Bonds are also designated as Common Reserve Bonds.
Sample 1

Related to Common Reserve Bonds

  • Reserve Sub-zone means any of those geographic areas wholly contained within a Reserve Zone, consisting of a combination of a portion of one or more Control Zone(s) as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2024-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Federal Reserve Bank means the Federal Reserve Bank of the United States of America.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Reserve Zone means any of those geographic areas consisting of a combination of one or more Control Zone(s), as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Specified Reserve Balance means, with respect to any Distribution Date, an amount equal to 2.0% of the initial Pool Balance; provided, that the Specified Reserve Balance will in no event exceed the outstanding principal amount of the Notes on such Distribution Date after giving effect to distributions pursuant to clauses (i) through (xviii) of Section 5.7(a).

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • LC Reserve the aggregate of all LC Obligations, other than (a) those that have been Cash Collateralized; and (b) if no Default or Event of Default exists, those constituting charges owing to the Issuing Bank.

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Reserve Bank means the Reserve Bank of India constituted by Section 3 of the Reserve Bank of India Act, 1934 (2 of 1934).

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Basis Risk Reserve Fund A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

  • Federal Reserve Bank Book-Entry System means a depository and securities transfer system operated by the Federal Reserve Bank of the United States on which are eligible to be held all United States Government direct obligation bills, notes and bonds.

  • Unit of government means a city, village, township, charter township, and any duly authorized and established combinations thereof, within or without the county establishing any of the improvements, facilities, or services authorized under this act.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Federal Reserve Act means the Federal Reserve Act, as amended.