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 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 shall 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.

  • Money drawn pursuant to the Letter of Credit shall be applied to the payment of Debt Service on Bonds other than Bank Bonds and Obligor 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.

  • The Trustee may assume that no Bonds are Obligor Bonds unless it has notice to the contrary.

  • 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 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.

  • Such money shall be used only to pay Debt Service on Bonds other than Obligor Bonds.

  • After such determination (or if such determination cannot be made) the Trustee shall draw on the Letter of Credit in accordance with its terms for payment by the Bank to the Trustee on such Tender Date of the amount (if any) by which (i) the purchase price due on such Tender Date with respect to Bonds other than Obligor Bonds exceeds (ii) the Eligible Remarketing Proceeds determined to be on deposit in the Bond Purchase Fund.

  • 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 such declaration of acceleration the Trustee shall draw under the Letter of Credit to the fullest extent permitted by the terms thereof to pay Debt Service on Bonds other than Obligor Bonds on the due date specified in such declaration.

Related to Obligor Bonds

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

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

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

  • Pledged Bonds means any Bonds purchased by the Borrower with payments made on the Credit Facility, which Bonds are registered in the name of the Borrower and held by the Trustee on behalf of the Credit Enhancer pursuant to the terms of the Bond Pledge Agreement, until such time as such Bonds are sold by the Borrower or by the Remarketing Agent.

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

  • Lead Securitization Notes means Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5 for so long as any such note is included in the Lead Securitization.

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • Indenture Notes means the Notes.

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

  • Discount Notes means the Company's 14-3/4% Senior Discount Notes due 2010.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • School Bonds means School Obligations issued as Bonds.

  • Trust Notes As defined in the Introductory Statement.

  • 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.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • Intercompany Notes means, with respect to each Pledgor, all intercompany notes described in Schedule 11 to the Perfection Certificate and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof.

  • Relevant Notes means all Notes where the applicable Final Terms provide for a minimum Specified Denomination in the Specified Currency which is equivalent to at least euro 100,000 and which are admitted to trading on a regulated market in the European Economic Area; and

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 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.

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

  • Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.