Examples of Credit Provider Bonds in a sentence
Notwithstanding Section 6 of this Resolution, the maximum stated interest rate payable by the Department in any year on amounts due under such Credit Support Agreement, including the interest rate on Credit Provider Bonds (as defined in the Master Bond Resolution), shall be twenty percent (20%).
All amounts held in the Bond Purchase Fund and the Credit Facility Purchase Account, Remarketing Account and Borrower Account therein shall be held in trust by the Tender Agent for the benefit of the holders of tendered Bonds (provided that any amounts held in a Remarketing Account which are derived from the remarketing of Credit Provider Bonds shall be held in trust for the benefit of the Credit Provider).
The Remarketing Agent shall continue to use its best efforts to remarket such Credit Provider Bonds.
The Remarketing Agent shall also use its best efforts to remarket Credit Provider Bonds in accordance with Section 309.
Credit Provider Bonds shall be registered in the name of the Trustee for the benefit of the Credit Provider and held by the Trustee as custodian for and on behalf of the Credit Provider.