Insured Bonds definition

Insured Bonds means any series or certain maturities in any series of bonds to be insured by a municipal bond new issue insurance policy to be issued simultaneously with the delivery of Bonds by the Bond Insurer.

Insured Bonds means the Insured Series 2017A Bonds, the Insured Series 2019A Bonds, the Series 2020A Bonds, and any other Utility Indebtedness of which the scheduled payment of principal and interest is guaranteed by a Bond Insurance Policy.

Insured Bonds means any Bonds the payments on which are insured by a Bond Insurance Policy.

Examples of Insured Bonds in a sentence

• The holder of the right to vote the Outstanding Bonds that are Insured Bonds shall be the monoline insurer insuring such Insured Bond to the extent such insurer is granted the right to vote Insured Bonds for purposes of directing remedies or consenting to proposed amendments or modifications as provided in the applicable documents pursuant to which such Insured Bond was issued and insured.

• Collateralized and Insured Bonds Collateralized bonds, which incorporate the guarantees of the Federal Home Loan Mortgage Corporation (FHLMC), the Federal National Mortgage Association (FNMA), and the Government National Mortgage Association (GNMA), should relieve concern about potential contingent liability to the State for that portion of AHFC indebtedness represented by such bonds.

• The Policy guarantees the scheduled payment of principal of and interest on the Insured Bonds when due as set forth in the form of the Policy included as an exhibit to this Official Statement.

• Notwithstanding the deposit of such holders’ Ambac Insured Bonds in the Ambac Trust, such Ambac Insured Bonds shall not be cancelled and all rights and remedies under and in accordance with such Ambac Insured Bonds, the Bond Resolution (other than with respect to the payment and other obligations of COFINA and the Commonwealth thereunder) and the Ambac Insurance Policy shall be preserved and remain in full force and effect.

• A holder of an Allowed Senior COFINA Bond Claim (Ambac) that does not validly elect to receive Ambac Certificates shall be deemed to have had, on or after the Effective Date, the Ambac Insured Bonds, including the obligations of Ambac under the related Ambac Insurance Policy, underlying such holder’s Allowed Senior COFINA Bond Claim (Ambac) cancelled.

More Definitions of Insured Bonds

Insured Bonds means any Utility Indebtedness of which the scheduled payment of principal and interest is guaranteed by a Bond Insurance Policy.

Insured Bonds means the PREPA Revenue Bonds insured pursuant to insurance policies issued by the Monoline Insurers.

Insured Bonds means the Bond maturities identified as Insured Bonds in Section

Insured Bonds means bonds or other obligations insured by the state under this subchapter.

Insured Bonds means those Bonds, if any, insured by a Bond Insurance Policy, as set forth in the Sale Certificate pursuant to the Section hereof entitled “Delegation and Parameters.”

Insured Bonds means any Series of Bonds insured by a Bond Insurer.

Insured Bonds means those Bonds insured under a municipal bond or financial guaranty insurance policy, including the 2016 Insured Bonds.