Defeasance Obligations definition

Defeasance Obligations means any of the following obligations:

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Defeasance Obligations means (a) cash, or (b) non-callable Government Securities.

Defeasance Obligations means any of the following obligations, if and to the extent the same are at the time legal for investment of the City’s funds:

Examples of Defeasance Obligations in a sentence

Moneys and Defeasance Obligations so deposited with the Trustee pursuant to this Section shall not be a part of the Trust Estate but shall constitute a separate trust fund for the benefit of the Persons entitled thereto.
If the Defeasance Obligations deposited with the Trustee pursuant to this Section are purchased with proceeds of refunding bonds issued by the Authority, such Defeasance Obligations must meet the requirements of the Act.
Neither the moneys nor the Defeasance Obligations deposited with the Trustee pursuant to this Section nor principal or interest payments on any such obligations shall be withdrawn or used for any purpose other than, and shall be held in trust for, the payment of the principal of and interest on said Bonds, or portions thereof.
The Trustee shall hold in trust money or Defeasance Obligations deposited with it pursuant to this Article 8.
It shall apply the deposited money and the money from Defeasance Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Notes.

More Definitions of Defeasance Obligations

Defeasance Obligations means Investment Obligations that (a) are described in clause (a) of the definition of “Investment Obligations” and (b) are not subject to redemption by the issuer thereof prior to their maturity.

Defeasance Obligations means any of the following which, at the time of investment, are legal investments under the laws of the State for the moneys proposed to be invested therein and are in compliance with the Successor Agency’s investment policies then in effect (provided that the Trustee shall be entitled to rely upon any investment direction from the Successor Agency as conclusive certification to the Trustee that investments described therein are legal and are in compliance with the Successor Agency’s investment policies then in effect), but only to the extent the same are acquired at Fair Market Value:

Defeasance Obligations means noncallable (i) Agency Obligations, (ii) Government Obligations, (iii) Government Certificates, (iv) Defeased Municipal Obligations, and (v) Defeased Municipal Obligation Certificates.

Defeasance Obligations means:

Defeasance Obligations means and includes any of the following:

Defeasance Obligations means direct obligations of, or obligations, the principal of and interest on which are guaranteed by, the United States of America, or any agency thereof, or obligations of any agency or instrumentality of the United States, which obligations shall not be subject to redemption prior to their maturity other than at the option of the registered owner thereof.

Defeasance Obligations means cash and/or Government Securities.