Ineligible Bonds definition

Ineligible Bonds means, Liquidity Provider Bonds, City Bonds or Bonds bearing interest at a rate other than the Weekly Rate.
Ineligible Bonds means District Bonds, Bank Bonds, and Bonds bearing interest at a rate other than the Weekly Rate.
Ineligible Bonds means Bonds owned by or on behalf of the City or the Authority or any Affiliate thereof, Bank Bonds, and Bonds bearing interest at a rate other than the Daily Interest Rate or the Weekly Interest Rate.

Examples of Ineligible Bonds in a sentence

  • No drawing shall be made under the Letter of Credit for the payment of principal of or interest on Ineligible Bonds.


More Definitions of Ineligible Bonds

Ineligible Bonds means Airports Authority Bonds, Purchased Bonds, and Bonds bearing interest at a rate other than the Daily Rate, the Two Day Rate or the Weekly Rate.
Ineligible Bonds means all Charter Ineligible Bonds, Charter Equity Ineligible Bonds and Owner Trust Ineligible Bonds.

Related to Ineligible Bonds

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.