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

• All covenants, stipulations, promises, or agreements contained in this Agreement by and on behalf of the Purchaser shall be for the sole and exclusive benefit of IBank, any trustee under any Proceeds Bonds or Secured Bonds, and their permitted assigns.

• The Purchaser understands and acknowledges that time is of the essence with respect to entry into such replacement agreement as such timing is mandated by Federal tax laws applicable to IBank’s Proceeds Bonds and/or Secured Bonds.

• Nothing in this Agreement, expressed or implied, is intended to give to any person other than IBank, the Purchaser, and any trustee under any Proceeds Bonds or Secured Bonds, any right, remedy, or claim under or by reason of this Agreement.

• The Purchaser will not directly or indirectly use or make any use of the Facility Funds or any other funds of the Purchaser, or take or omit to take any action, if such use or action would cause the Proceeds Bonds or Secured Bonds to be “arbitrage bonds” subject to federal income taxation by reason of section 148 of the Code.

• The Purchaser acknowledges that IBank intends to issue, has issued, or may issue, Secured Bonds or Proceeds Bonds subsequent to the Effective Date of this Agreement, and that one requirement of the Secured Bonds and/or Proceeds Bonds will be the re-entry by the Purchaser into an agreement to replace this Agreement.

More Definitions of Secured Bonds

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

Secured Bonds means bonds of one or more series issued, or to be 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, collectively, the Series 2007 Bonds, the Series 2014 Bonds and the Series 2015 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 Bonds which are expressed in the relevant Supplemental Trust Deed to have the benefit of the security interest and guarantee granted under, and to be subject to the security arrangements provided for in, the Security Documents for the relevant Series.

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 bonds of one or more series issued or to be issued by the