Market Bonds definition

Market Bonds has the meaning given to such term in the related Placement Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Market Bonds means serial bonds and/or term bonds sold by UHC to public or private investors in accordance with standard bond underwriting practices and that are issued under the Indenture in order to satisfy the conditions to the release of proceeds of some or all of the Program Bonds.

Market Bonds has the meaning given to such term in Section 4 of Schedule D-1 and Section 5 of Schedule D-2, as applicable.

Examples of Market Bonds in a sentence

The HFA hereby certifies that the Market Bonds were not sold with “super sinker”, planned amortization classes or other priority allocation class rights unless such provisions retained for application to the redemption of the Program Bonds at least a pro rata portion of any prepayments or other recoveries of principal relative to mortgage loans funded or mortgage-backed securities purchased with proceeds of the Program Bonds.
The Complete Indenture provides that Market Bonds may not be issued with “super sinker”, planned amortization classes or other priority allocation class rights unless such provisions retain for application to the redemption of the Program Bonds at least a pro rata portion of any prepayments or other recoveries of principal relative to mortgage loans funded or mortgage-backed securities purchased with proceeds of the Program Bonds.
The principal amount of such Market Bonds is not less than two-thirds (2/3) of the principal amount of the Program Bonds (“Market Bond Ratio Requirement”).
The HFA intends to issue Market Bonds after the Settlement Date and before January 1, 2011 so that after such issuances, the principal amount of the Market Bonds will be not less than two-thirds (2/3) of the principal amount of the Program Bonds (“Market Bond Ratio Requirement”).
The restrictions on refundings in this Section 9(b) do not apply to either (i) the use of proceeds to repay “warehouse credit lines” used to acquire mortgage loans and mortgage-backed securities or (ii) “replacement refundings” where proceeds of Program Bonds are exchanged dollar-for-dollar for unexpended tax exempt bond proceeds and/or mortgage loan prepayments so long as all proceeds of related Market Bonds are exchanged first for such purpose.
Fixed Income The Atlas Fixed Income strategy shifts client assets among mutual funds and ETF’s that concentrate their investments in Money Market, Short-term or Long-term Treasury Bonds, International Bonds, Corporate Bonds, Emerging Market Bonds, or High Yield Bonds.
The assets of the sub-funds are invested based on the principle of risk spreading in securities and other investments, as described below: The investment objective of LGT Select Bond Emerging Markets is to invest in debt instruments of emerging market debtors or debtors who have financial or business relations with the emerging markets and to outperform its benchmark, the LGT Customised Emerging Market Bonds Benchmark Index.
For avoidance of doubt, the Issuer may agree to sell TAD Series Compound Interest Bonds as Public Market Bonds without triggering the requirements of the first sentence in this paragraph (m) to have the Developer assign its rights under this Purchase Agreement.
For avoidance of doubt the Coverage Test set forth herein shall be subject to revision for Public Market Bonds.

More Definitions of Market Bonds

Market Bonds means serial bonds and/or term bonds sold by the Department to public or private investors in accordance with standard bond underwriting practices and that are issued under the Trust Indenture and the Related Series Supplement in order to satisfy the conditions to the release of proceeds of some or all of the Series 2009C Bonds.