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 Xxxxx’x, (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 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 (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,

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.

• Eligible Holders of the Eligible Bonds should inform themselves of any earlier deadlines that may be imposed by the CSD and/or any intermediaries, which may affect the timing of the submission of an Offer or Exchange Instruction.

• 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 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.

• The Authority may credit against any Sinking Fund Requirement the principal amount of any Subseries A-2 Bonds or other Eligible Bonds that have been retired through purchase or optional redemption and not previously so credited.

More Definitions of Eligible Bonds

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

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

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

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 means any Bonds other than Bank Bonds or Bonds owned by or for the account of, or on behalf of, the Authority, any affiliate of the Authority, or any broker-dealer owning Bonds pursuant to an arrangement with the Authority or any affiliate of the Authority.

Eligible Bonds means any Bonds Outstanding under and entitled to the benefits of the Ordinance 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 Ordinance 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.