Company Bonds definition
Examples of Company Bonds in a sentence
Principal and Purchase Price of, premium, if any, and interest on Company Bonds, Pledged Bonds and Bonds not supported by a Credit Facility shall not be paid from amounts drawn on a Credit Facility.
Notwithstanding anything else in this Article to the contrary, Company Bonds shall not be deemed to be outstanding for purposes of this Article and the Company as holder thereof shall not be entitled to any rights or payments therefor pursuant to Sections 8.05, 8.06, 8.08 and 8.10.
Notwithstanding the foregoing, if the Letter of Credit is not reinstated in an amount equal to the unpaid principal of the outstanding Bonds, including any Bank Bonds, but excluding any Company Bonds, and, subject to the limitations set forth in the Letter of Credit, accrued interest thereon, no Letter of Credit funds shall be used to make the principal and interest payments on the Bank Bonds.
If, while this Revenue Bond Pledge Agreement is in effect, the Pledgor shall become entitled to receive or shall receive any payment in respect of the Company Bonds, the Pledgor agrees to accept the same as the Bank’s agent and to hold the same in trust on behalf of the Bank and to deliver the same forthwith to the Bank.
While the Bonds are in the Flexible, Weekly or Multiannual Mode, the Remarketing Agent shall solicit offers to purchase and use its best efforts to find a purchaser for Tendered Bonds, Pledged Bonds and Company Bonds, provided that Bonds supported by a Credit Facility shall not be remarketed to the Authority, the Company or "insiders" of either of them as that term is defined in the United States Bankruptcy Code.