Program Bonds definition

Program Bonds means New Issue Bonds and Bank Bonds.

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Program Bonds means those certain single-family or multifamily mortgage revenue bonds issued by the HFAs and identified in Schedule B to the Placement Agreements. 4

Program Bonds means the bonds issued pursuant to the Series 2009A Supplemental Indenture, and includes Series 2009A Bonds and Series 2009A Bonds which have been Converted to a Subsequent Series of Bonds.

Examples of Program Bonds in a sentence

• Redemptions of Program Bonds may be made without premium or penalty.

• At issuance, the Program Bonds will be tax-exempt qualified mortgage bonds within the meaning of Section 143 of the Internal Revenue Code of 1986.

• If the Program Bonds do not satisfy the requirements of the foregoing sentence, then the HFA hereby certifies that it reasonably expects to have volume cap or alternative means of issuing tax-exempt bonds on a timely basis and in a manner which will permit the release of all Escrowed Proceeds (as defined below) by December 31, 2010, and will use its reasonable best efforts to obtain volume cap if necessary.

• On and after the Construction Program Bond Conversion Date, the interest rate on the Variable Rate Construction Program Bonds shall be the Permanent Rate.

• The Complete Indenture provides that to the extent that the minimum rating threshold for the Program Bonds is not maintained while the proceeds thereof are Escrowed Proceeds, all proceeds that are still held in Escrow must be used to redeem a corresponding amount of Program Bonds.

More Definitions of Program Bonds

Program Bonds means, with respect to a Series of Bonds, the Related Bonds, if any, specified as such in the Related Series Indenture.

Program Bonds means each series of credit enhancement nonprofit facilities revenue bonds issued by IHFA in accordance with the Program.

Program Bonds has the meaning given to that term in the Uniform Loss Sharing Attachment.

Program Bonds means, collectively, (i) single-family mortgage revenue bonds and/or multifamily mortgage revenue bonds issued to the GSEs by the HFAs in exchange for the GSE Securities under the New Issue Bond Program and (ii) any Release Bonds accepted by the Administrator pursuant to Section 5(c) of this Agreement.

Program Bonds means, collectively, the single-family mortgage revenue bonds and/or multifamily mortgage revenue bonds issued by the HFA and identified in Schedule B to the Placement Agreement. “Purchase Price” means the aggregate purchase price paid by Treasury for the GSE Securities, which is specified in the Settlement Statement.

Program Bonds means the District of Columbia Housing Finance Agency Multifamily Housing Revenue Bonds (NIB Program) (the “Program Bonds”) in the original aggregate principal amount of

Program Bonds means the 2009 Series A Bonds, and any associated sub-series of such Bonds, authorized to be issued pursuant to Section 2.1 of the Supplemental Indenture and Section