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

• At such time as a Class A Certificate becomes a Pledged Class A Certificate or a Bond becomes a Purchased Bond in accordance with the Series Certificate Agreement, and this Agreement, the Sponsor shall be the beneficial owner of each of the Pledged Class A Certificates and Purchased Bonds, as applicable, which, regardless of the identity of the beneficial owner thereof, shall be held by the Pledge Custodian subject to the security interest created by the terms of this Agreement.

• At such time as a Bond becomes a Purchased Bond in accordance with the Series Certificate Agreement, and this Agreement, the Sponsor shall be the beneficial owner of each of the Purchased Bonds, as applicable, which, regardless of the identity of the beneficial owner thereof, shall be held by the Pledge Custodian subject to the security interest created by the terms of this Agreement.

• The release of any 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 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 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. A form of the Purchased Bonds is attached hereto as Exhibit A-1.

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.