Examples of Subsequent Bond in a sentence
The Net Proceeds from a Bond Issue shall be held by the Arranger on the Escrow Account and shall be released to the Issuer when the conditions precedent for disbursement of the Net Proceeds for the Bonds have been fulfilled pursuant to Clause 4.2 (Conditions Precedent for Disbursement of Net Proceeds from the Initial Bonds) or Clause 4.3 (Conditions Precedent for Disbursement in connection with Subsequent Bond Issues), as applicable.
Any Subsequent Bond will carry Interest at the Interest Rate from (but excluding) the Interest Payment Date falling immediately prior to its issuance (or the First Issue Date if there is no such Interest Payment Date) up to (and including) the relevant Redemption Date.