Substitute Bonds definition

Substitute Bonds means any new series of Bonds delivered in substitution for an existing series of Bonds in accordance with Section 3.10 of the Series Certificate Agreement on a Substitution Date.
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Substitute Bonds has the meaning specified in Section 5.09(a).
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Substitute Bonds. ' means any new series of Bonds delivered in substitution for an existing series of Bonds in accordance with Section 3.10 of the Series CertiÑcate Agreement on a Substitution Date.
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Examples of Substitute Bonds in a sentence

  • No. 79) are DENIED WITHOUT PREJUDICE; and the Fund’s motion to dismiss the intervenor complaint (Weir-Cove lawsuit, Doc.

  • The foregoing statement does not in any way alter or change the DCR and LTV requirements for Substitute Bonds specified in Section 3.19 hereof.

  • Substitute Bonds shall be furnished within ten (10) days after notice from Summit County.

  • Substitute Bonds shall be furnished within 10 days after notice from the Contracting Agency.

  • In the event of a Failed Bond, the Sponsor may substitute therefor within 30 days notification to the Sponsor of a Failed Bond any other bonds (the "Substitute Bonds") by notifying the Trustee thereof and providing to the Corporation and to the Trustee such information regarding the Substitute Bonds as specified in the respective Exhibit A.

  • We will promote more joint work between UVI and UPR and seek to form a sustainable economic district in the US Caribbean.

  • The Company hereby covenants to issue and deliver to the 1999A Revenue Bond Trustee, no later than June 15, 2005, First Mortgage Bonds, equal in principal amount to the 1999A Revenue Bonds and bearing interest at the same rate or rates, payable at the same times, as the 1999A Revenue Bonds (such First Mortgage Bonds being hereinafter called the "Substitute Bonds"), in order to evidence or secure the Company's obligations under Section 4.01 of the 1999A Loan Agreement.

  • Purchaser shall seek in good faith from the applicable Governmental Authorities reasonable assurances that the Substitute Bonds comply with applicable Law.

  • Upon, and as a condition to, the issuance and delivery of the Substitute Bonds to the 1999A Revenue Bond Trustee, as aforesaid, Ambac shall surrender the Bonds to, or upon the order of, the Company.

  • Upon, and as a condition to, the issuance and delivery of the Substitute Bonds to the 1999B Revenue Bond Trustee, as aforesaid, Ambac shall surrender the Bonds to, or upon the order of, the Company.

Related to Substitute Bonds

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Substitute Loan As defined in Section 2.2.

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Existing Bonds means the following obligations of Seller:

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Substitute Mortgage Loan A Mortgage Loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in a Request for Release, substantially in the form of Exhibit L, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not more than 10% less than the Stated Principal Balance of the Deleted Mortgage Loan; (ii) have an Adjusted Net Mortgage Rate not lower than the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan, provided that the Master Servicing Fee for the Substitute Mortgage Loan shall be equal to or greater than that of the Deleted Mortgage Loan; (iii) have a maximum mortgage rate not more than 1% per annum higher or lower than the maximum mortgage rate of the Deleted Mortgage Loan; (iv) have a minimum mortgage rate specified in its related Mortgage Note not more than 1% per annum higher or lower than the minimum mortgage rate of the Deleted Mortgage Loan; (v) have the same mortgage index, reset period and periodic rate as the Deleted Mortgage Loan and a gross margin not more than 1% per annum higher or lower than that of the Deleted Mortgage Loan (vi) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (vii) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (viii) not be a Cooperative Loan unless the Deleted Mortgage Loan was a Cooperative Loan and (ix) comply with each representation and warranty set forth in Section 2.3 hereof.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Replacement Notes means Notes issued to the Beneficial Owners of the Notes in accordance with Article II hereof.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Substitute Rating Agency means a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act selected by the Company (as certified by a resolution of the Board of Directors of the Company).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.