Undelivered Bond definition

Undelivered Bond means any Bond that is required under this Indenture to be delivered to the Remarketing Agent or the Trustee for purchase on a Mandatory Tender Date but that has not been received on the date such Bond is required to be so delivered.

Undelivered Bond means any Bond that is required under the Indenture to be delivered to the Remarketing Agent or the Trustee for purchase or redemption on a Mandatory Tender Date or redemption date but that has not been received on the date such Bond is required to be delivered.

Undelivered Bond means:

Examples of Undelivered Bond in a sentence

• If the Owner of any Bond (or portion thereof) that is subject to purchase pursuant to this Section fails to deliver such Bond to the Tender Agent for purchase on the purchase date, and if the Tender Agent is in receipt of the Purchase Price therefor, such Bond (or portion thereof) shall nevertheless be deemed purchased on the day fixed for purchase thereof and shall constitute an Undelivered Bond.

• On or prior to the Substitution Date, the Owners of the Bonds shall be required to deliver their Bonds to the Tender Agent for purchase at the Purchase Price, and any Undelivered Bond for which there has been irrevocably deposited in trust with the Trustee or the Tender Agent an amount of Available Money sufficient to pay the Purchase Price shall be deemed to have been purchased pursuant to this Section 5.03 and no longer Outstanding.

• The replacement of any such Undelivered Bond shall not be deemed to create new indebtedness, but such Bond as is issued in replacement shall be deemed to evidence the indebtedness previously evidenced by the Undelivered Bond.

• This includes without limitation the Remarketing Account, the Letter of Credit Account, the Commission Account and the Undelivered Bond Payment Account of the Purchase Fund created pursuant to Section 3.03.

• Thereafter, interest on such Undelivered Bond shall cease to accrue, and the holder thereof shall be entitled only to payment of the purchase price therefor and not to the benefits of the Indenture.

More Definitions of Undelivered Bond

Undelivered Bond means a Bond subject to tender for purchase on a Purchase Date and for the payment of the Purchase Price of which the Tender Agent holds sufficient moneys on such Purchase Date, but which is not delivered to the Tender Agent on such Purchase Date.

Undelivered Bond means a Bond which is deemed purchased pursuant to the Mandatory Tender provisions of this Indenture, but which has not been presented to the Trustee by the holder thereof.

Undelivered Bond means any Bond which is subject to purchase pursuant to Section 306 on a Purchase Date and which is not tendered and delivered for purchase on that Purchase Date but as to which the Tender Agent holds in each account of the Purchase Fund sufficient funds to pay the Purchase Price of that Bond.

Undelivered Bond means any Auction Rate Security which constitutes an Undelivered Bond under the provisions of the First Supplemental Trust Agreement.

Undelivered Bond means any Series A of 2020 Bond which is subject to purchase pursuant to Article 3 on a Purchase Date and which is not tendered and delivered for purchase on that Purchase Date but as to which the Tender Agent holds in the Purchase Fund sufficient funds to pay the Purchase Price of that Series A of 2020 Bond.

Undelivered Bond means any Variable Rate Bond, Short-Term Rate Bond, FRN Rate Bond or Long-Term Rate Bond which is subject to purchase pursuant to Section 3.08 and Section 3.10 on a Purchase Date and which is not tendered and delivered for purchase on such Purchase Date but as to which the Tender Agent holds in the Purchase Fund sufficient funds to pay the Purchase Price of such Variable Rate Bond, Short-Term Rate Bond, FRN Rate Bond or Long-Term Rate Bond, as applicable.

Undelivered Bond means any Auction Rate Security which constitutes an Undelivered Bond under the provisions of the Trust Agreement.