Secured Bonds definition

Secured Bonds or “Secured Indebtedness” shall mean all Bonds and all Subordinated Bonds.

Secured Bonds means bonds that are entitled to the benefit of a lien and perfected security interest on specified assets of the respective issuer and guarantors obligated in respect thereof.

Secured Bonds means the bonds issued pursuant to the Secured Bond Agreement.

Examples of Secured Bonds in a sentence

• The Act was amended in 2001 to permit the issuance of Future Tax Secured Bonds and Notes (“Recovery Obligations”) to pay costs relating to or arising from the September 11 attack on the World Trade Center (“Recovery Costs”).

• The Act provides that the Authority’s pledge of its Tax Revenues represents a perfected security interest on behalf of the holders of the Future Tax Secured Bonds.

• Pursuant to the Act, Sales Tax Revenues will be available for the payment of Future Tax Secured Bonds if Personal Income Tax Revenues are projected to be insufficient to provide at least 150% of the maximum annual debt service on the Authority’s Outstanding Bonds.

• Based on State and federal constitutional, statutory and case law and the terms of the Indenture and the Agreement, Bond Counsel is of the opinion that if the debts of the City were adjusted under the Bankruptcy Code and the City or its creditors were to assert a right to the Tax Revenues equal or prior to the rights of the holders of the Future Tax Secured Bonds, such assertion would not succeed.

• Senior Secured Bonds may include obligor call or prepayment features, with or without a premium or makewhole.

More Definitions of Secured Bonds

Secured Bonds means bonds of one or more series issued by IBank to which certain rights of IBank under this Agreement, including the right to receive the Installment Payments, may be from time to time pledged or assigned directly or indirectly as security for such bonds.

Secured Bonds means bonds of one or more series issued by the CIEDB to which certain rights of the CIEDB under this Agreement may be from time to time pledged directly or indirectly.

Secured Bonds means, collectively, the Series 2007 Bonds, the Series 2014 Bonds and the Series 2015 Bonds.

Secured Bonds means the Series C Bonds, the Series D Bonds, the Series E Bonds and any Further Secured Bonds;

Secured Bonds means (i) the X Fund Properties Limited Fixed Secured Bonds (No. 2) due 2018- 2056; (ii) the X Fund Properties Limited Fixed Secured Bonds due 2018 - 2020; (iii) the Sagicor Real Estate X Fund Senior Secured Notes due 2018 - 2021 and (iv) any bond or notes issued to replace or redeem any of the foregoing bonds or notes.

Secured Bonds means the total principal amount of all Bonds of each separate series of Bonds outstanding under the Master Indenture, and secured by special assessments levied on lands within the District, in each case reduced by the principal amount of special assessments securing the corresponding series which are levied on lots conveyed to homebuilders or end-users, applied pro rata according to principal of the Bonds of each series. The Trustee shall not be deemed to have assumed any obligations under this Agreement. Additionally, this Agreement may not be materially amended or assigned without the prior written consent of the Trustee, acting on behalf and at the direction of the bondholders owning a majority of the aggregate principal amount of the Secured Bonds (as defined herein) then outstanding, which consent shall not be unreasonably withheld.

Secured Bonds. “ means the secured bonds issued under the Bond Programme in December 2014 of a nominal amount of ISK 00.000.000.000 and all other bonds further issued under REITIR151244 in the future. „Security Sharing Issuer, as Borrower, the Obligors, as Obligors, the Security Agent and the Creditors as listed in Schedule 1 thereto, dated 21 November 2014. „Subsidiary“ means an entity over which the Issuer at any time has direct or