Reserve Instrument Provider definition

Reserve Instrument Provider means any bank, savings and loan association, savings bank, thrift institution, credit union, insurance company, surety company or other institution issuing a Reserve Instrument.
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Reserve Instrument Provider means, with respect to the Outstanding Bonds (as defined above) and the Series 2020 Bonds, Assured Guaranty Municipal Corp., a New York stock insurance company, or any successor thereto or assignee thereof and shall constitute a Reserve Instrument Provider.]
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Reserve Instrument Provider means any bank, savings and loan association, savings bank, thrift institution, credit union, insurance company, surety company, or other institution issuing a Reserve Instrument, which at the time of issuance of the Reserve Instrument is rated in one of the four highest Rating Categories by a Rating Agency.
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Examples of Reserve Instrument Provider in a sentence

  • If a Security Instrument or a Reserve Instrument is in effect with respect to any Series of Bonds Outstanding and if a proposed modification or amendment would affect such Series of Bonds, then, except as provided in Section 9.1, neither this Indenture nor any Supplemental Indenture with respect to such Series of Bonds shall be modified or amended at any time without the prior written consent of the related Security Instrument Issuer or Reserve Instrument Provider, as applicable.

  • Prior notice of the advance refunding or redemption of any of the Series 2020 Bonds, including the principal amount, maturities and CUSIP numbers thereof shall be given to the Reserve Instrument Provider.

  • The Issuer shall include any Series 2020 Reserve Instrument Repayment Obligations then due and owing to the Reserve Instrument Provider in the calculation of the additional bonds test and the rate covenant in the Indenture.

  • Since 1995, she has been working at Trillium, promoting inclusive community and employment opportunities for people with disabilities.

  • Amounts in respect of Series 2020 Reserve Instrument Repayment Obligations paid to the Reserve Instrument Provider shall be credited first to interest due, then to the expenses due and then to principal due.

  • Upon the issuance of the Series 2020 Bonds, the Issuer shall cause the Reserve Instrument Provider to deliver the Series 2020 Reserve Instrument to the Trustee.

  • Any amounts remaining in the Bond Fund or the applicable account within the Debt Service Reserve Fund after payment in full of the principal of and premium, if any, and interest on the Bonds of a Series, the fees, charges and expenses of Trustee and all other amounts required to be paid hereunder (including amounts owed to a Security Instrument or a Reserve Instrument Provider) shall be paid immediately to the Board as an overpayment of Base Rentals or Additional Rentals.

  • Each Reserve Instrument Provider and Security Instrument Issuer shall be notified by the Issuer immediately upon the resignation or termination of the Trustee and provided with a list of candidates for the office of successor Trustee.

  • This result is consistent with recent work by Sockin (2022), who finds that high-paying firms are also firms in which employees indicate high levels of satisfaction.

  • The difference between the proceeds on sale and outstanding principal balance is recorded as net realized gains (losses), a component of net income, on the consolidated statement of comprehensive income (loss).


More Definitions of Reserve Instrument Provider

Reserve Instrument Provider means any bank, savings and loan association, savings bank, thrift institution or credit union, insurance company or surety company or other entity issuing a reserve instrument.
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Reserve Instrument Provider means, with respect to the Series 2016 Bonds, Assured Guaranty Municipal Corp., a New York stock insurance company, or any successor thereto or assignee thereof and shall constitute a Reserve Instrument Provider.]
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Reserve Instrument Provider means any bank, financial institution, insurance company or surety company issuing a Reserve Instrument.
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Reserve Instrument Provider means any bank, financial institution, insurance company or surety company issuing a Reserve Instrument.
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Related to Reserve Instrument Provider

  • Long Derivative Instrument means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

  • Reference Instrument means Natural Gas (Henry Hub) Future.Currency: USDISIN: US12573E1010Bloomberg Symbol: NG1 Comdty

  • Investment Provider means any commercial bank or trust company, bank holding company, investment company or other entity (which may include the Trustee, the Bond Registrar or the Paying Agent), whose credit rating (or the equivalent of such rating by virtue of guarantees or insurance arrangements) by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or is otherwise acceptable to each such Rating Agency in order to maintain the then current rating on such Bonds by such Rating Agency, which Investment Providers shall be approved by the Authority for the purpose of providing investment agreements.

  • Derivative Instrument with respect to a Person, means any contract, instrument or other right to receive payment or delivery of cash or other assets to which such Person or any Affiliate of such Person that is acting in concert with such Person in connection with such Person’s investment in the Notes (other than a Screened Affiliate) is a party (whether or not requiring further performance by such Person), the value and/or cash flows of which (or any material portion thereof) are materially affected by the value and/or performance of the Notes and/or the creditworthiness of the Performance References.

  • Derivative Instruments means any and all derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the value of any Equity Securities of the Company increases, including a long convertible security, a long call option and a short put option position, in each case, regardless of whether (x) such interest conveys any voting rights in such security, (y) such interest is required to be, or is capable of being, settled through delivery of such security or (z) other transactions hedge the economic effect of such interest.

  • Short Derivative Instrument means a Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References.

  • Financial Instrument Obligations means obligations arising under:

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Collateral Access Agreement means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in any Loan Party’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance reasonably satisfactory to Agent.