Obligor Bonds definition

Obligor Bonds means Bonds registered in the name of (or in the name of a nominee for) the Issuer, the Borrower, or any Affiliate of the Issuer or the Borrower. The Trustee may assume that no Bonds are Obligor Bonds unless it has actual notice to the contrary.
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Obligor Bonds means Bonds registered in the name of (i) the Issuer, (ii) the Lessee, (iii) the Bank, (iv) any other obligor with respect to debt service on or the purchase price of Bonds, (v) any Affiliate of persons described in clauses (i) through (iv), or (vi) any nominee or other person who holds such Bonds for the benefit of any person described in clauses (i) through (v). The Indenture provides that the Trustee may assume that no Bondholder is described in clauses (v) and (vi) of this definition unless the Trustee has actual knowledge to the contrary. Pledged Bonds will be considered Obligor Bonds.
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Obligor Bonds means Bonds registered in the name of (i) the Authority, (ii) the Council, (iii) the Borrower, (iv) the Bank, (v) any Guarantor or other obligor with respect to debt service on the Bonds or the purchase price of Bonds, (vi) any Affiliate of Persons described in clauses (iv) and (v), or (vii) any nominee or other Person who holds such Bonds for the benefit of any Person described in clauses (iv), (v) or (vi). The Bank may assume that no Bondholder is described in clauses (vi) and (vii) of this definition unless the Bank has actual knowledge to the contrary. Pledged Bonds shall be considered Obligor Bonds;
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Examples of Obligor Bonds in a sentence

  • The money so drawn shall be used only to pay Debt Service on Bonds supported by the Letter of Credit other than Obligor Bonds and Bank Bonds.

  • Any Letter of Credit that is delivered to the Trustee shall be for the benefit of all Holders of the Bonds other than (a) Holders of Obligor Bonds and (b) Purchasers of Bonds in Direct Purchase Mode.

  • If an acceleration occurs pursuant to Section 11.2, the Trustee shall immediately draw under the Letter of Credit to pay Debt Service on Bonds supported by the Letter of Credit other than Obligor Bonds and Bank Bonds.

  • The Trustee shall draw on the Letter of Credit in accordance with its terms for payment by the Bank to the Trustee on each Bond Payment Date of an amount equal to Debt Service due on such Bond Payment Date with respect to Bonds supported by the Letter of Credit other than Obligor Bonds or Bank Bonds.

  • If the Letter of Credit is then in effect, the Trustee is instructed to draw on the Letter of Credit in order to make the payment of debt service on Bonds other than Obligor Bonds.

  • Such draws shall be made without regard to any rental payments received or anticipated with respect to debt service on Bonds other than Obligor Bonds.

  • If an event of default described in clauses (1) or (2) of the preceding paragraph occurs with respect to Bonds other than Obligor Bonds and the Letter of Credit is in effect, or if an event of default described in clause (3) of the preceding paragraph occurs, the Trustee is required by the Indenture to declare immediately the principal of all Bonds and interest accrued thereon to be due and payable immediately.

  • Upon any declaration of acceleration, if the Letter of Credit is in effect the Trustee is required to draw under the Letter of Credit to pay debt service on Bonds other than Obligor Bonds on the due date specified in such declaration.

  • Simultaneously with the delivery of this Indenture, the Lessee has delivered to the Trustee the initial Letter of Credit as security for the payment of Debt Service on and the purchase price of Bonds (other than Obligor Bonds).

  • Money received from a draw on the Letter of Credit is to be segregated in a special account within the Bond Fund and used solely for the payment of debt service on Bonds other than Obligor Bonds.

Related to Obligor Bonds

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

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

  • Notes shall have the meaning assigned to such term in the recitals.

  • Pledged Bonds means the Bonds purchased with moneys received under the Letter of Credit in connection with a Redemption Drawing and owned or held by the Applicant or an affiliate of the Applicant or by the Trustee and pledged to the Administrative Agent pursuant to the Pledge Agreement.

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

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

  • School Bonds means School Obligations issued as 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.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.