Option Bond definition

Option Bond means any Bond which by its terms may be tendered by and at the option of the Holder thereof for purchase or redemption by the I-Bank prior to the stated maturity thereof, or the maturity of which may be extended by and at the option of the Holder thereof.
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Option Bond means any Bond which by its terms may be tendered by and at the option of the Holder thereof for redemption by the Authority prior to the stated maturity thereof or for purchase thereof, or the maturity of which may be extended by and at the option of the Holder thereof in accordance with the Series Resolution authorizing such Bonds or the Bond Series Certificate related to such Bonds;
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Option Bond means any Bond which by its terms may be tendered by and at the option of the Holder thereof for purchase or redemption by the Corporation prior to the stated maturity thereof, or the maturity of which may be extended by and at the option of the Holder thereof in accordance with the Supplemental Indenture authorizing such Bonds.
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Examples of Option Bond in a sentence

  • See “Leverage—Tender Option Bond Transactions.” When-Issued Securities, Delayed Delivery Securities and Forward Commitments.

  • An Option Bond which is required to be delivered for redemption or purchase pursuant to the provisions hereof or of the Supplemental Indenture authorizing such Bonds shall be deemed surrendered as provided in the Supplemental Indenture authorizing the issuance thereof even though such ▇▇▇▇ has not been actually presented and surrendered by the Holder thereof.

  • During the periods that the Option Bonds are in book-entry form, no Option Bond shall be physically delivered to the Tender Agent in connection with the tender.

  • During the period of time that the Option Bonds are in certificated form, the Option Bondholder is required to deliver his Option Bond accompanied by the properly completed Tender Notice to the Tender Agent before the expiration of the Special Tender Period.

  • An Option Bondholder wishing to tender his/her Option Bond on the Special Purchase Date must deliver the required tender notice (the "Tender Notice") in the form attached hereto as Exhibit A to the Tender Agent (if the Option Bonds are then in certificated form) or to the Participant (if the Bonds are then in book- entry form).

  • There are also complex structured products found in the municipal market, such as Inflation indexed bonds and Tender Option Bond programs.

Related to Option Bond

  • 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.

  • Probation bond means a bond, posted with sufficient

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • Treasury Bonds means United States Treasury Bonds or Notes.

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.