Eligible Bonds definition

Eligible Bonds means (a) debt instruments issued by agencies or instrumentalities of the United States government other than the Department of the Treasury and (b) corporate and municipal debt instruments and corporate preferred stock which are (i) rated at least AAA by S&P and Aaa by ▇▇▇▇▇’▇, (ii) regularly traded on a Public Market, and (iii) not subject to any unduly burdensome federal or state securities laws or other laws which restrict or limit their sale or transfer in any material respect.

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Eligible Bonds means (a) debt instruments issued by agencies or instrumentalities of the United States government other than the Department of the Treasury and (b) corporate and municipal debt instruments and corporate preferred stock which are (i) rated at least AAA by S&P and Aaa by Moody’s,

Eligible Bonds means any bond or note which on the day of its Substitution has the following characteristics:

Examples of Eligible Bonds in a sentence

• In the event that Party A has delivered a Substitution Notice pursuant to Condition 4(b)(i) (Substitution at direction of Counterparty) giving notice to Party B of its intention to substitute cash comprising the Charged Assets with certain Eligible Bonds (such Eligible Bonds as specified in the Substitution Notice, the "Replacement Collateral Securities"), Party A shall, on the date specified for such substitution in the Substitution Notice, transfer the Replacement Collateral Securities to Party B.

• On the Business Day before each Termination Date for the Bonds of a subseries, the Eligible Bonds of such subseries shall be subject to mandatory purchase at the principal amount thereof, plus accrued interest, if any, with respect thereto to such Termination Date.

• The long distance rates associated with the Inter Service Area and Reseller Customer usage will be equal to the actual wholesale transport and terminating costs associated with the originating and terminating locations.

• The Interest Component shall be reduced immediately following our honoring any draft drawn hereunder to pay unpaid interest on Eligible Bonds or to pay that portion of the purchase price or redemption price corresponding to unpaid interest on Eligible Bonds, in each case by an amount equal to the amount of such draft (any such drawing being an "Interest Drawing").

• The Premium Component shall be reduced immediately following our honoring any draft drawn hereunder to pay premium on Eligible Bonds in connection with a Redemption/Mandatory Purchase Drawing, by an amount equal to the amount of such draft.

More Definitions of Eligible Bonds

Eligible Bonds means certain issues of specified Bonds eligible to be separated (stripped) into their separate Interest Components and Principal Components on the Fed Book-Entry System.

Eligible Bonds means successful subscription of bonds issued and/or distributed by the Bank.

Eligible Bonds has the meaning stated in Section 1.01 of the Bond Indenture.

Eligible Bonds means any Bonds other than Liquidity Facility Bonds or Bonds owned by, for the account of, or on behalf of, the Issuer or the Borrower.

Eligible Bonds and “Eligible ETFs,” each as defined in Exhibit A-1 to the SMCCF Investment Management Agreement.

Eligible Bonds means (a) debt instruments issued by agencies or instrumentalities of the United States government other than the Department of the Treasury and (b) corporate and municipal debt instruments and corporate preferred stock which are (i) rated at least AAA by S&P and Aaa by Moody’s, (ii) regularly traded on a Public Market, and (iii) not subject to any unduly burdensome federal or state securities laws or other laws which restrict or limit their sale or transfer in any material respect.

Eligible Bonds means any Bonds Outstanding under and entitled to the benefits of the Master Ordinance and the Seventh Supplement which bear interest at the Daily Rate or the Weekly Rate and that are tendered or deemed tendered for optional or mandatory purchase pursuant to the terms of the Seventh Supplement other than any such Bond which (a) is a Bond that has been previously purchased with amounts advanced under the Liquidity Facility and continues to be owned by or for the benefit of the Standby Purchaser or its assignee or transferee or (b) is owned by or on behalf of or is held for the account or for the benefit of the City or any affiliate of the City or by the Insurer.