Pledged Bond definition

Pledged Bond means the Two Billion Canadian Dollars (Cdn.$2,000,000,000) Series 18 Bond of the Borrower issued and certified under the Trust Indenture.

Pledged Bond means any 2003 Bond pledged to the Credit Issuer pursuant to the Pledge Agreement in connection with the provision of moneys under the Credit Facility and as described in the Resolution.

Pledged Bond means any Revenue Obligation purchased and held by a Credit Issuer pursuant to a Credit Facility Agreement. A Revenue Obligation shall be deemed a Pledged Bond only for the actual period during which such Revenue Obligation is owned by a Credit Issuer pursuant to a Credit Facility Agreement.

Examples of Pledged Bond in a sentence

• Upon the maturity date of any Freddie Mac Pledged Bond, such Freddie Mac Pledged Bond shall be deemed canceled.

• As the holder of the Pledged Bond, the Trustee shall have and exercise all of the rights of a holder of Mortgage Bonds possessed under the Mortgage.

• Available for Sale These are the investments that do not fall under the held for trading or held to maturity categories.

• The Pledged Bond has been duly and validly authorized, issued, authenticated, pledged and delivered to the Note Trustee in accordance with the Indenture and the Supplemental Mortgage Indenture; and the Pledged Bond constitutes the legal, valid and binding obligation of the Company and conforms to the description thereof in the Registration Statement and the Prospectus; the payments of the principal of and any premium or interest on the Notes are secured by the Pledged Bond.

• The letter of Sidley & Austin, counsel for the Agents, in which such counsel shall set forth their opinions with respect to the issuance and sale of the Notes, the Pledged Bond, the Registration Statement, the Prospectus and other related matters as the Agents may reasonably require, and the Company shall have furnished to such counsel such documents as they may request for the purpose of enabling them to pass upon such matters.

More Definitions of Pledged Bond

Pledged Bond has the meaning specified in the Preliminary Statement.

Pledged Bond means any Bond pledged to the LOC Bank (and, if applicable, other parties) pursuant to the Pledge Agreement in connection with the provision of monies under a Letter of Credit.

Pledged Bond means any Bond pledged to the Credit Facility Provider (and, if applicable, other parties) pursuant to the Pledge Agreement in connection with the provision of monies under a Credit Facility.

Pledged Bond means each Bond for which payment of the purchase ------------ price is made, in whole or in part, with the proceeds of a drawing by the Trustee under a Letter of Credit. "Remarketing Agreement" means each Remarketing Agreement, dated as --------------------- of October 1, 1995, between the Company, on the one hand, and the Remarketing Agent, on the other hand as the same shall have been amended, modified or supplemented from time to time. SECTION 1.2.

Pledged Bond means any Bond purchased with proceeds provided by the Credit Facility which is registered to the Bank or its designee pursuant to Section 311(a).

Pledged Bond means any Bond during the period from and including the date of its purchase by the Trustee on behalf of and as agent for the Borrower with the proceeds of a Draw under the Letter of Credit, an Advance under the Credit Facility or Draw under an Alternate Credit Facility, as applicable, to, but excluding, the date on which the amount of the Draw or Advance (a Liquidity Advance under the Fannie Mae Credit Facility) made by the Credit Provider on account of such Pledged Bond is reinstated under the Credit Facility.

Pledged Bond means the Two Hundred and Fifty Million Canadian Dollars (Cdn. $250,000,000) Series 19 Bond of the Borrower issued and certified under the Trust Indenture."; (b) The parties hereto confirm that the following definition shall be added in the appropriate alphabetical order in the Original Credit Agreement "Nineteenth Supplemental Indenture" means the Nineteenth Supplemental Indenture between the Borrower, the General Partner and the Trustee dated as of October 24, 2014 LEGAL_1.3236093.4 pursuant to which the Borrower shall issue the Pledged Bond, as such indenture may be amended, supplemented, restated or otherwise modified from time to time."; and (c) The parties hereto confirm that the definition of "Trust Indenture" in the Original Credit Agreement is hereby amended by adding the words "and October 24, 2014" immediately following the words "May 22, 2013" in such definition.