Eligible Bond definition

Eligible Bond means one of the bonds listed on Schedule 3 to the Term Sheet attached hereto.

Eligible Bond means, as of any date, an Eligible Security (a) that is a debt obligation, (b) that was part of an initial issuance of at least $250,000,000 or the Dollar equivalent, (c) with a remaining maturity of ten years or less, (d) that was not issued by a debtor-in-possession, (d) that does not contain any PIK interest or PIK interest option, (e) that is not in default (i) with respect to any payment of principal or interest, or (ii) for any other default, for over sixty (60) days, (f) having a market value, as determined by at least one Pricing Service, of at least 60% of the par value thereof, and (g) that is not Eligible Commercial Paper.

Eligible Bond means any Bonds bearing interest at a Variable Rate or a Long- Term Interest Rate not fixed to the maturity of the Bonds, other than Bonds owned by, for the account of, or on behalf of, the Issuer, and excludes, in any event, Liquidity Provider Bonds and Bonds that have been removed from coverage under this Agreement by redemption, defeasance or substitution of an Alternate Liquidity Facility.

Examples of Eligible Bond in a sentence

The Tender Agent may assume that a Bond is an Eligible Bond unless it has actual knowledge to the contrary.
In making draws or claims for payment under the Liquidity Facility for the Bonds of a subseries, the Trustee and the Tender Agent shall act on behalf and for the account and benefit of the Holders of such Bonds and not on behalf, for the account or benefit, or subject to the control of any Holder of a Bond other than an Eligible Bond.
The Tender Agent may assume that a Bond is an Eligible Bond unless it has actual knowledge that such Bond is not an Eligible Bond.
The Subseries F-2 Sinking Fund Requirement for the last February 1 not later than such maturity date or the date of such requirement shall be increased by the principal amount of each Eligible Bond so credited that is not a Subseries F-2 Bond.
Should the available amounts of interest received on an Eligible Bond at any time be less than the Allocation Amount allocable to a GSE, the GSE may charge such shortfall to payments of interest received on any of the other Eligible Bonds under the New Issue Bond Program and to Recoveries on Eligible Bonds under the New Issue Bond Program.

Eligible Bond shall have the meaning set forth in the Pricing Side Letter.

Eligible Bond means, at any time of determination, any Bond which is identified as an Eligible Bond on the Bond Schedule (whether held by the Origination Trust or the Owner Trust at such time of determination) and as to which all of the representations and warranties of Charter Mac and the Account Party contained in Section 4 of the Charter Equity Contribution Agreement and Charter Contribution Agreement, respectively, are true, and are not, in any material and adverse respect, false, incorrect or misleading.

Eligible Bond means either an Investment Grade Bond or a Non-Investment Grade Bond for which (i) the Borrower or one of its Affiliates was the issuer or was the depositor into a trust which was the issuer, (ii) the Borrower is the current owner and (iii) either (y) Greenwich Capital Markets, Inc. was the underwriter or placement agent, or (z) FNMA or FHLMC has guaranteed the payment of principal and interest on the securities. In addition, the following securities shall constitute Eligible Bonds for purposes of this Agreement: Hanover Capital Trust 1998-B, Class 1B and Class 2B. For purposes of this Agreement, an Eligible Bond shall also include any Equity Certificate and any A Conduit Non-Investment Grade Subordinate Bond which is acceptable to the Lender in its sole discretion; provided, however, that if Lender determines that an Eligible Bond is acceptable to it, such acceptance shall be deemed to continue for so long as such

Eligible Bond means a tax-exempt bond or participation interest in a tax-exempt bond, as applicable, identified in Schedule I attached to this Agreement.

Eligible Bond means either an Investment Grade Bond or a Non-Investment Grade Bond for which (i) the Borrower or one of its Affiliates was the issuer, (ii) the Borrower is the current owner, and (iii) Greenwich Capital Markets, Inc. was the underwriter or placement agent.

Eligible Bond means a tax-exempt bond or participation interest in a tax-exempt bond, as applicable, identified inSchedule I attached to this Agreement. “Eligible Bond Payment Date” means the date on which principal, redemption price or interest is payable on an Eligible Bond in accordance with its terms.