Examples of Defeased Series in a sentence
Upon such termination of the applicable Series Supplement in accordance with its terms, the Indenture, the Guarantee and Collateral Agreement and the other Transaction Documents shall cease to be of further effect with respect to such Defeased Series, the Issuer and the Guarantors shall be deemed to have paid and been discharged from their Series Obligations with respect to such Defeased Series and thereafter such Defeased Series shall no longer be deemed Outstanding hereunder.
RECOMMENDATION Having considered the above principal factors and reasons, we consider that the Framework Agreement Matters are in the ordinary and usual course of business of the Group, on normal commercial terms and are fair and reasonable so far as the Independent Shareholders are concerned and in the interests of the Company and the Shareholders as a whole.
For all purposes hereunder and in accordance with Article XII of the Original Series Bond Resolution, as amended and supplemented, the Defeased Series Bond Escrow Agent is acting as agent for the Trustee.
The Defeased Series Bond Escrow Agent acknowledges receipt of the Series 2014B-R Refunding Supplemental Bond Resolution in which the 2014 Refunding of the Series Bonds to be Refunded is authorized and approved.
The Defeased Series Bond Escrow Fund shall be held by theDefeased Series Bond Escrow Agent separate and apart from all other funds of the I-Bank and the Defeased Series Bond Escrow Agent.