L Bonds definition

L Bonds are a class of Securities authorized for issuance under this Indenture, the form of which is attached to this Indenture as Exhibit A-2.
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L Bonds are debt securities of Holdings that are guaranteed by GWG Life and issued as “Securities” under the Indenture.
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L Bonds shall have the meaning given in the Recitals.
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Examples of L Bonds in a sentence

  • K Medium/long term financial payables L Bonds issuedM Other non-current financial payables N Non-Current financial debt (K+L+M) O Net financial debt (J+N) To monitor the performance of its financial position, INWIT also uses "INWIT net financial debt” as a financial indicator; it is defined as the ESMA net financial debt less receivables and non-current financial assets, where applicable.

  • The Statement of Revenues, Expenditures and Changes in Fund Balance for the Measure L Bonds presents increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets.

  • In the Measure L Bonds financial statements, bond premiums, discounts and bond issuance costs are recognized during the current period.

  • Results of Procedures Performed We did not identify any exceptions to the procedures performed above, nor any exceptions to other tests that we conducted related to the Measure L Bonds.

  • See, e.g., InsuranceAgreement for PRHTA Series AA Bonds § 1(g); Insurance Agreement for PRHTA Series N Bonds § 5; Insurance Agreement for Series L Bonds § 4.

  • The value of the L Bonds has substantially declined as a result of Defendants’ violations.

  • Plaintiffs and the other members of the Class purchased or otherwise acquired L Bonds pursuant to the June 2020 Registration Statement, and neither Plaintiffs nor the other Class members knew, or in the exercise of reasonable diligence could have known, of the untruths, inaccuracies and omissions contained in the June 2020 Registration Statement.

  • GWGH raised these funds through the sale of L Bonds, and those sales increased from approximately $264 million in 2018 to approximately $403 million in 2019.

  • GWGH further disclosed:The investigation could also result in reputational harm to the Company and may have a material adverse effect on the Company’s current and future business activities and its ability to raise capital through the sale of L Bonds and equity securities.

  • Heppner engineered GWGH’s L Bond distribution platform so as to enrich himself, leaving GWGH insolvent and the L Bonds virtually worthless.

Related to L Bonds

  • School Bonds means School Obligations issued as Bonds.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • Existing Bonds means the following obligations of Seller:

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Option Bonds means Current Interest Bonds, which may be either Serial or Term Bonds, which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.

  • Transition bonds means bonds, notes, certificates of

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Refunded Bonds means the portion of the $2,348,000 of the Series B Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • 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.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Municipal Bonds means "Municipal Bonds" as defined in the Corporation's Registration Statement on Form N-2 (File No. 333-_____) relating to the AMPS on file with the Securities and Exchange Commission, as such Registration Statement may be amended from time to time, as well as short-term municipal obligations, High Yield Municipal Bonds and Inverse Floaters.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.