Conduit Bonds definition

Conduit Bonds means those bonds, including refunding bonds, issued pursuant to the OHCS Pass- Through Revenue Bond Program for the partial-financing of the Project. [Note: If not applicable, “reserve” this definition.]
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Conduit Bonds means bonds, notes or other obligations issued by a Conduit Issuer to provide proceeds to be loaned by the Conduit Issuer to the Authority pursuant to a Loan Agreement.
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Conduit Bonds means bonds nominally issued by a governmental body but with a private party rather than the issuer bearing the true economic benefits and burdens of the bonds.
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Examples of Conduit Bonds in a sentence

  • The Authority has issued Conduit Bonds to provide financial assistance to organizations for the acquisition and construction of industrial and commercial facilities deemed to be in the public interest.

  • Other jurisdictions providing property tax abatement for eligible affordable housing include: the City of Tigard, City of Forest Grove, City of Beaverton, City of Cornelius (senior properties with a PILOT agreement only), and City of Hillsboro.o HAWC Conduit Bonds.

  • IBank complies with all U.S. Internal Revenue Service (“IRS”), Municipal Securities Rulemaking Board (“MSRB”), and Securities and Exchange Commission (“SEC”) rules and regulations applicable to the issuance of Direct Bonds and Conduit Bonds.

  • For Conduit Bonds, the conduit borrower is obligated to monitor bond expenditures and to retain records related to the bond-financed project.

  • Such endorsement shall be substantially in the form set forth on EXHIBIT B to this Conduit Bonds Policy and approved by the CAO and bond counsel.

  • The purpose of this Conduit Bonds Policy is to provide uniform policies and practices for all conduit bonds issued by the City and the MCDA and to ensure compliance by the City and the MCDA with legal requirements, including the Charter of the City, the requirements of applicable federal and Minnesota tax laws, and the requirements of applicable federal and Minnesota securities laws.

  • The City’s Department of Community Planning and Economic Development (“CPED”), in consultation with the Finance & Property Services Department (“F&PS”) and the City Attorney’s Office (“CAO”), is responsible for implementing these programs consistent with this Conduit Bonds Policy and the applicable process and procedures manual.

  • The conduit borrower shall designate a natural person as a representative of the conduit borrower and a lawyer or law firm as counsel to the conduit borrower who may be contacted by the City with respect to any matter addressed in this Conduit Bonds Policy.

  • The City Council and the Board of Commissioners may amend the terms of this Conduit Bonds Policy from time to time in their discretion.

  • The representations of the City in any conduit bond documents shall be substantially similar to those set forth in EXHIBIT D to this Conduit Bonds Policy.

Related to Conduit Bonds

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

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

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • 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.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

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

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement in the capacity of a “Conduit Purchaser”.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • School Bonds means School Obligations issued as Bonds.

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Pledged Bonds means any Bonds purchased by the Borrower with payments made on the Credit Facility, which Bonds are registered in the name of the Borrower and held by the Trustee on behalf of the Credit Enhancer pursuant to the terms of the Bond Pledge Agreement, until such time as such Bonds are sold by the Borrower or by the Remarketing Agent.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Pooled Commercial Paper means Commercial Paper notes of a Conduit Purchaser subject to any particular pooling arrangement by such Conduit Purchaser but excluding Commercial Paper issued by a Conduit Purchaser for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit Purchaser.

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.