Private Bonds definition
Examples of Private Bonds in a sentence
The Company shall inform the Corporate Trustee of the effective date of any registration statement registering the Exchange Bonds or the Private Bonds under the Securities Act.
The Private Bonds and the Exchange Bonds will constitute a single series of Bonds under the Mortgage.
The Private Bonds of the 2018 Series will be offered and sold by the Company in reliance on an exemption from registration under the Securities Act, and Private Bonds of the 2018 Series will be exchanged for Exchange Bonds of the 2018 Series only pursuant to an effective registration statement under the Securities Act and otherwise in accordance with the Registration Rights Agreement and the Indenture.
The Private Bonds will be offered and sold in reliance on exemptions from, or in transactions not subject to, the Securities Act, and Private Bonds will be exchanged for Exchange Bonds only pursuant to an effective registration statement under the Securities Act and otherwise in accordance with the Registration Rights Agreement and the Mortgage.
Exchange Bonds of the Fourteenth Series shall be authenticated and delivered by the Trustee at one time or from time to time upon the written order or orders of the Company in principal amounts equal to the principal amounts of the Private Bonds of the Fourteenth Series surrendered in exchange therefor.
So long as the Private Bonds are eligible for book-entry settlement in the Clearing Agency or unless otherwise required by law, all Private Bonds that are so eligible will be represented by one or more Global Securities Certificates deposited with the Clearing Agency or the Trustee as custodian for the Clearing Agency.
None of the Issuer, the Depositor, the Indenture Trustee, the Administrator, the Owner Trustee or the Bond Registrar is obligated to register or qualify any Class of Private Bonds under the Securities Act or any other securities Law or to take any action not otherwise required under this Indenture to permit the transfer of any Private Bond or interest therein without registration or qualification.
A QIB may request that Book-Entry Private Bonds of which it is the Beneficial Owner be exchanged for Certificated Private Bonds.
As of the Closing Date, the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class S, Class A-3, Class B, Class C, Class D and Class E Bonds will constitute Registered Bonds, and the Class X, Class F, Class G and Class H Bonds will constitute Private Bonds.
Private Bonds offered and sold in reliance on Rule 144A under the Securities Act shall be issued initially in the form of one or more permanent global New Bonds, substantially in the form of Exhibit A (a “144A Global Security”), deposited with The Depository Trust Company (the “Clearing Agency”) or the Trustee as custodian for the Clearing Agency.