Pledged Bond definition

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.

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

• The Company covenants and agrees that it will defend the Bank's right, title and security interest in and to the Pledged Bond Collateral and the proceeds thereof against the claims and demands of all persons whomsoever.

• The Pledged Bond Collateral shall serve as security for the payment and performance when due of the Reimbursement Obligations.

• The proceeds received from the remarketing of any Pledged Bond shall be paid by wire transfer and in immediately available funds on the Purchase Date to the Credit Facility Issuer.

• Upon the remarketing of a Pledged Bond as described in the preceding sentence, such Bond shall be released and delivered to the purchaser thereof as identified by the Remarketing Agent against receipt of such purchase price from the purchaser on such date.

• The Notes, when issued and sold by the Company, and the Pledged Bond, when issued by the Company, will comply in all material respects with the terms, conditions and limitations set forth in such order.

More Definitions of Pledged Bond

Pledged Bond has the meaning specified in the Preliminary Statement.

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.

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 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 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 shall have the meaning given that term in each Indenture.