P&P Bonds definition

P&P Bonds has the meaning set forth in Section 3.2.3.1.
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P&P Bonds means the bonds meeting the requirements of Article 16.2.1 of the Agreement.
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P&P Bonds has the meaning set forth in Section 7.4.4 of the Capital Maintenance Agreement.
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Examples of P&P Bonds in a sentence

  • FHFC, and/or Legal Counsel must approve the source, amount(s), and all terms of the P&P Bonds, or LOC.

  • The P&P Bonds must be from a company rated at least "A-" by A.M. Best & Co with a financial size category of at least FSC VI.

  • FHFC, and/or legal counsel must approve the source, amount(s) and all terms of the P&P Bonds, or LOC.

  • In the event the P&P Bonds expire without renewal or otherwise are no longer in effect during the Maintenance Period, TxDOT shall withhold funds (the “Retainage”) from each payment to be made to DB Contractor for the Maintenance Services until the earlier to occur of (a) the date on which replacement Maintenance Security satisfying the requirements hereunder is provided to TxDOT or (b) the date that is one year after the end of the Maintenance Period.

  • The P&P Bonds must be from a company rated at least “A‐ “by A.M. Best & Co with a financial size category of at least FSC VI.

  • The P&P Bonds must be from a company rated at least “A- “by A.M. Best & Co with a financial size category of at least FSC VI.

  • FHFC, and/or Legal Counsel must approve the source, amount(s), and all terms of the P&P Bonds.

  • Any cash collateral not otherwise utilized by TxDOT with respect to DB Contractor’s obligations under the CMA Documents shall be returned to DB Contractor upon the earlier of (i) delivery by DB Contractor of replacement P&P Bonds meeting the requirements of this Section 7.4 or the P&P Letter of Credit and Guaranty (if required) in accordance with Sections 7.2, 7.3 and 7.6 and (ii) one year after the end of the Maintenance Period.

  • On the Effective Date of DB Agreement, Proposer shall, at its option, cause Design- Build Team to deliver to GDOT P&P Bonds in compliance with GDOT Specification 103.05.

  • Surety shall indicate in their letter their history with the Respondent and their willingness to process P&P Bonds as needed on the Respondent’s behalf.

Related to P&P Bonds

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

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

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

  • 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.

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

  • 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.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • School Bonds means School Obligations issued as Bonds.

  • Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • 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.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Transition bonds means bonds, notes, certificates of

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Refunded Bonds means the portion of the $280,000 of the Series J Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

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

  • 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.

  • Existing Bonds means the following obligations of Seller:

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

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Stocks and bonds means stocks, bonds, mutual funds, and all other types of securities and financial instruments, whether held directly, indirectly, or in any other manner. The term does not include commodity futures contracts and call or put options on stocks or stock indexes.