Defeased Bonds definition

Defeased Bonds means legally defeased Bonds or Notes and other Bonds or Notes that remain in the hands of their Holders but are no longer deemed Outstanding.

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Defeased Bonds means Bonds or Notes that remain in the hands of their Holders but are no longer deemed Outstanding.

Defeased Bonds means those Defeasible Bonds identified in a Defeasance Plan in

Examples of Defeased Bonds in a sentence

• The deposit in the Escrow Fund shall constitute an irrevocable deposit of such money exclusively for the benefit of the Defeased Bonds, respectively, and such money, together with any income or interest earned thereon, shall be held in trust and shall be applied solely to the payment of the principal of and interest on the Defeased Bonds as the same mature and become due on redemption as set forth in Schedule I hereto (“Schedule I”).

• The County irrevocably directs the Trustee to pay the Defeased Bonds maturing in accordance with the schedule set forth in Schedule I through December 1, 2028.

• The Escrow Agent, without further authorization and direction from the County, shall pay to the Trustee, from money available in the Escrow Fund, on the date on which each payment of principal and interest falls due, money sufficient to pay the principal of and interest falling due on the Defeased Bonds as set forth in Schedule I hereto.

• It is therefore recited, understood and agreed that, until the provisions hereof have been fully carried out, this Agreement (a) may be amended only to cure ambiguity or correct manifest error without the prior written consent of all of the owners of the Defeased Bonds and (b) is not subject to amendment for any other reason or revocation except with the prior written consent of all of the owners of the Defeased Bonds.

• The Escrow Fund hereby created is irrevocable and the owners of the Defeased Bonds are hereby granted an express lien on the Escrow Fund until applied in accordance with this Agreement.

More Definitions of Defeased Bonds

Defeased Bonds means those Outstanding Bonds identified in the Defeasance Agreement.

Defeased Bonds means all or a portion, if any, of the Series 2012 Bonds to be

Defeased Bonds means Bonds that remain in the hands of their Owners but are no longer deemed Outstanding because they have been defeased in accordance with the provisions of Section 2.02 of this Indenture.

Defeased Bonds means the outstanding Bonds of the County as shown on Exhibit C hereto.

Defeased Bonds means all or a portion, if any, of the Series 1997 Bonds and the Series 2002 Bonds to be refunded from the net proceeds of the Series 2011 Bonds and other available funds on deposit with the Trustee, to the extent provided in the Certificate of Determination.

Defeased Bonds means the Issuer’s State Sales Tax Payments Revenue Bonds, Series 2008 outstanding as of the date of issuance of the Series 2016 Bonds.

Defeased Bonds means the 2018 Bonds identified in Section 3.2 hereof.