Liquidity Bonds definition

Liquidity Bonds has the meaning given to it in Clause 10.3 (Bond Indemnity) of the Common Terms Agreement.
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Liquidity Bonds means, with respect to any Series, Bonds that are owned by the Liquidity Bank or its nominee as a result of the distribution pursuant to Article V of the Bonds underlying Liquidity Floater Certificates.
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Liquidity Bonds are the Securities authorized for issuance under this Supplemental Indenture, as described in Section 1.3 above.
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Examples of Liquidity Bonds in a sentence

  • Each Holder of Liquidity Bonds by accepting a Liquidity Bond waives and releases all such liability.

  • By: Name: Title: Date: ____________________, 2020 ATTEST: Secretary This Bond is one of the Liquidity Bonds referred to in the within-mentioned Indenture.

  • The following information should be provided when making a complaint: • what happened, including when and where it occurred, and who was involved; and • what outcome or solution you are seeking to address your issue or concern.

  • The waiver and release are part of the consideration for issuance of the Liquidity Bonds.

  • All agreements of GWG Holdings and GWG Life in the Indenture and the Liquidity Bonds shall bind its successors.

  • If GWG Holdings shall at any time or from time to time after a Holder’s Measurement Date effect a subdivision of the outstanding GWG Common Stock, the Exchange Price for such Holder’s corresponding Liquidity Bonds in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of GWG Common Stock issuable on exchange or at maturity shall be increased in proportion to such increase in the aggregate number of shares of GWG Common Stock outstanding.

  • Except as provided in this Section 1.6, no payment or other adjustment will be made for accrued interest on any Liquidity Bonds that have been exchanged, and accrued interest, if any, will be deemed to be paid by the Exchange Consideration paid to the Holder upon exchange.

  • Notwithstanding the foregoing, GWG Life shall have the right to prohibit any transfer of Series A Liquidity Bonds if GWG Life, in its sole discretion, determines that transfer could cause GWG Life to be taxable as a “publicly-traded partnership” within the meaning of Section 7704 of the Internal Revenue Code of 1986, as amended, and any successor provision (the “Code”).

  • If GWG Holdings shall at any time or from time to after a Holder’s Measurement Date combine the outstanding shares of GWG Common Stock, the Exchange Price for such Holder’s corresponding Liquidity Bonds in effect immediately before the combination shall be proportionately increased so that the number of shares of GWG Common Stock issuable on exchange shall be decreased in proportion to such decrease in the aggregate number of shares of GWG Common Stock outstanding.

  • The Liquidity Bonds shall be known and designated as the “Liquidity Bonds” and shall be issued in units of $1,000 per unit and shall be issued in two series: Series A Liquidity Bonds and Series B Liquidity Bonds.

Related to Liquidity Bonds

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B 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.

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

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

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

  • Liquidity Facility “Loan Trustee”, “Long-Term Rating”, “Non-Extended Facility”, “Operative Agreements”, “Participation Agreements”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Series A Equipment Notes”, “Scheduled Payment”, “Short-Term Rating”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement” and “United States”.

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

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

  • Parity Bonds means bonds payable from the revenues of the System other than the Bonds but issued on a parity and equality with the Bonds pursuant to the restrictive provisions of Section 11 of this Resolution;

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

  • Liquidity Provider has the meaning assigned to such term in the recital of parties to this Agreement.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Replacement Notes means Notes issued to the Beneficial Owners of the Notes in accordance with Article II hereof.

  • Liquidity Agreement means a liquidity loan agreement, asset purchase agreement or similar agreement entered into by a Conduit Lender with a group of financial institutions in connection with this Agreement.

  • 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.

  • Surety Bond means a bond from a Bond company with a credit rating by AMBEST better than a “B”. The bonding company shall be certified to issue bonds in a state in which this Agreement is approved.