Purchased Bond definition

Purchased 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, to, but excluding, the date on which such Bond is remarketed to any person other than the Borrower.

Purchased 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 amounts provided by the Credit Facility Provider under the Credit Facility, to, but excluding, the date on which such Bond is (a) transferred pursuant to and in accordance with the Indenture Supplement or (b) redeemed or otherwise cancelled.

Purchased Bond means any 2004 Bond during the period from and including the date of its purchase by the Trustee on behalf of and as agent for the Mortgagor with amounts provided by the Credit Facility Provider under the Credit Facility, to, but excluding, the date on which such 2004 Bond is remarketed to any person other than the Credit Facility Provider, the Mortgagor, any partner or member of the Mortgagor or the Corporation.

Examples of Purchased Bond in a sentence

• The principal of any outstanding Bond Purchase Loan shall also be payable from any payments of principal in respect of a Purchased Bond pursuant to Article VIII hereof.

• The Trustee shall charge the Bond Fund, on each Interest Payment Date, an amount equal to the unpaid interest and principal due on the Bonds on such Interest Payment Date, and shall cause the same to be applied to the payment of such interest and principal when due (excluding principal on any Purchased Bond).

• The release of any such Purchased Bond shall be free and clear of the security interest created by this Agreement.

• FINANCIAL AND CAPITAL RISK MANAGEMENT (Continued)The Board of Directors has overall responsibility for the determination of the Company’s risk management objectives and policies.

• The release of such Purchased Bond shall be free and clear of the security interest created by this Agreement.

More Definitions of Purchased Bond

Purchased Bond means any Adjustable Rate Bond held by, or held by the Tender Agent on behalf of, a Provider or a Qualified Purchaser pursuant to a Standby Agreement. References to Purchased Bonds and actions taken with respect thereto in accordance with the Indenture shall include the interest of a Provider or a Qualified Purchaser in Adjustable Rate Bonds held by the Tender Agent on behalf of a Provider or a Qualified Purchaser.

Purchased Bond means a Bond purchased by Xxxxxxx Mac on behalf of the Sponsor from monies paid by Xxxxxxx Mac pursuant to the Credit Enhancement following the occurrence of a Release Event.

Purchased Bond means any Bond during the period from and including the date of its purchase by the Trustee on behalf of the Borrower with amounts provided by the Credit Facility Provider under the Credit Facility, to, but excluding, the date on which such Bond is remarketed to any Person other than the Credit Facility Provider, the Borrower, any general partner, member or guarantor of the Borrower or the Issuer. All Purchased Bonds are to be held in certificated form under and pursuant to the Pledge Agreement.

Purchased Bond means any Bond registered to the Liquidity Facility Provider or its designee or nominee, pursuant to Section 2.21 of the Indenture. A Bond shall be a Purchased Bond only for the actual period during which such Bond is registered to the Liquidity Facility

Purchased Bond means a Bond purchased by Freddie Mac on behalf of the Sponsor from monies paid by Freddie Mac pursuant to the Credit Enhancement following the occurrence of a Release Event.

Purchased Bond means any Bond registered to the Liquidity Facility Provider or its designee or nominee, pursuant to Section 2.21 of this Indenture. A Bond shall be a Purchased Bond only for the actual period during which such Bond is registered to the Liquidity Facility Provider or its designee or nominee. Purchased Bonds shall not be subject to optional or mandatory tender for purchase, but Purchased Bonds are subject to redemption as provided hereunder.

Purchased Bond means any Multi-Modal Bond held by a Standby Purchaser or Qualified Purchaser, or held by the Tender Agent on behalf of, a Standby Purchaser or Qualified Purchaser pursuant to a Standby Agreement. The terms of Purchased Bonds are not described in detail in this Official Statement.