Examples of Funded Property in a sentence
Property that does not constitute Funded Property, as defined in Section 1.05 of the Mortgage, may be released without substituting other Funded Property.
Once this funded property certificate is delivered to the Mortgage Trustee, the definition of Funded Property will mean any mortgaged property described in the funded property certificate.
Seller shall treat all customer property, which includes Commonwealth Funded Property, Commonwealth Property, Defence Property and Commonwealth Provided Property, as if it were Buyer’s property in accordance with the “Buyer’s Property” article of the General Provisions.
Property Additions will become Funded Property when used under the Mortgage for the issuance of First Mortgage Bonds, the release or retirement of Funded Property, or the withdrawal of cash deposited with the Mortgage Trustee for the issuance of First Mortgage Bonds or the release of Funded Property.Release and Substitution of Property.
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