Predecessor Bond definition

Predecessor Bond means, with respect to any particular Bond, every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for the purpose of this definition, any Bond authenticated and delivered under Section 2.06 in lieu of a mutilated, lost, destroyed or stolen Bond shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for the purposes of this definition, any Bond authenticated and delivered under Section 2.06 in lieu of a lost, destroyed or stolen Bond shall be deemed to evidence the same debt as the lost, destroyed or stolen Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this definition, any Bond authenticated and delivered under the Indenture in lieu of a lost, stolen or destroyed Bond shall, except as otherwise provided in the Indenture, be deemed to evidence the same debt as the lost, stolen or destroyed Bond.

Examples of Predecessor Bond in a sentence

• Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Bonds (or their respective Predecessor Bond) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

• Every new Bond issued pursuant to this Section shall constitute, consistent with the provisions of the Predecessor Bond, an additional contractual obligation of the Authority, whether or not the predecessor Bond shall be found at any time.

• If any Bond called for redemption is converted, any money deposited with the Trustee or with any Agent or so segregated and held in trust for the redemption of such Bond shall (subject to any right of the Holder of such Bond or any Predecessor Bond to receive interest as provided in the last paragraph of Section 307) be paid promptly to the Bank or, if then held by the Bank, shall be discharged from such trust.

• If any Bond that was to have been redeemed at maturity is converted, any money deposited with the Trustee or with any Agent or so segregated and held in trust for the redemption of such Bond shall (subject to any right of the Holder of such Bond or any Predecessor Bond to receive interest as provided in the last paragraph of Section 307) be paid promptly to the Bank or, if then held in trust by the Bank, shall be discharged from such trust.

• Each Series 2018 Bond shall bear interest from the June 15 or December 15 to which interest has been paid next preceding the date of authentication thereof, unless authenticated on June 15 or December 15 to which interest has been paid, in which event it shall bear interest from such June 15 or December 15, or unless no interest has been paid on such Bond (or any Predecessor Bond), in which event it shall bear interest from its dated date.

More Definitions of Predecessor Bond

Predecessor Bond. With respect to any Bond of a Series and Class, every previous Bond of that Series and Class evidencing all or a portion of the same debt as that evidenced by such Bond; for the purpose of this definition, any Bond of a Series authenticated and delivered under Section 2.06 in lieu of a mutilated, lost, destroyed or stolen Bond of the same Series and Class shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For purposes of this definition, any Bond authenticated and delivered under Section

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same obligation as that evidenced by the particular Bond. For purposes of this definition, any Bond authenticated and delivered under Section 2.11 in substitution for a lost, wrongfully taken or destroyed Bond shall, except as otherwise provided in Section 2.11, be deemed to evidence the same obligation as the lost, wrongfully taken or destroyed Bond.

Predecessor Bond means every previous Bond evidencing all or a portion of the same obligation as that evidenced by a particular Bond. For this purpose, any Bond authenticated and delivered under Section 2.08 of this CFC Master Trust Agreement shall be deemed to evidence, except as otherwise provided in Section 2.08 of this CFC Master Trust Agreement, the same debt as the lost, stolen or destroyed Bond.

Predecessor Bond of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for purposes of this definition, any Bond authenticated and delivered under Section 210 in lieu of a lost, destroyed, mutilated, or stolen Bond shall be deemed to evidence the same debt as the lost, destroyed, mutilated or stolen Bond.

Predecessor Bond of any particular Senior Bond means every previous Senior Bond evidencing all or a portion of the same debt as that evidenced by the particular Bond. For the purposes of this definition, any Senior Bond authenticated and delivered under Section 2.10 of this Indenture in lieu of a lost, stolen or destroyed Senior Bond shall, except as otherwise provided in Section 2.10, be deemed to evidence the same debt as the lost, stolen or destroyed Senior Bond.