Undelivered Bonds definition

Undelivered Bonds means Bonds that are deemed to have been tendered as provided in the FORMS OF THE BONDS set forth in Exhibit A hereto.

Undelivered Bonds means Bonds which are required to be delivered to the Tender Agent pursuant to the terms of this Order and which are not in fact delivered.

Undelivered Bonds means (i) with respect to the Mandatory Purchase Provision, any 2009 Bonds which have not been delivered to the Tender Agent for purchase on or prior to the Change Date, or (ii) with respect to the Demand Purchase Option, any 2009 Bonds not delivered to the Tender Agent for purchase after notice of tender within the time period prescribed by the Resolution.

Examples of Undelivered Bonds in a sentence

• Bonds not delivered to the Paying Agent/Registrar shall constitute Undelivered Bonds and shall not be considered outstanding on the Purchase Date.

• Bonds not delivered to the Paying Agent shall constitute Undelivered Bonds and shall not be considered outstanding under the Resolution on the Purchase Date.

• Irrevocable Notice Deemed to be Tender of Bond; Undelivered Bonds.

• Owners of Undelivered Bonds shall have no rights or benefits under the Indenture with respect to such Bonds other than to receive the Purchase Amount for such Bonds upon surrender of such Bonds to the Trustee.

• Thereafter, the Owners of such Undelivered Bonds shall not be entitled to any payment other than payment of the purchase price for such Undelivered Bonds upon surrender thereof to the Tender Agent and such Undelivered Bonds shall no longer be outstanding and entitled to the benefits of the Indenture.

More Definitions of Undelivered Bonds

Undelivered Bonds means Bonds which are deemed to have been tendered to the Trustee or Tender Agent, as applicable, for purchase pursuant to Section 301 or 302 hereof but which have not been surrendered to the Trustee or Tender Agent, as applicable.

Undelivered Bonds means, (i) with respect to the Mandatory Purchase Provision, any 2024 Series C-2 Bonds of the applicable Series which have not been delivered to the Tender Agent for purchase on or prior to the Change Date, or (ii) with respect to the Demand Purchase Option, any 2024 Series C-2 Bonds not delivered to the Corporation or the Tender Agent for purchase after notice of tender within the time period prescribed by this Supplemental Resolution.

Undelivered Bonds means Bonds that are deemed to have been tendered as provided in the form of the Bonds.

Undelivered Bonds means any Bonds subject to purchase pursuant to Section 4.01 or 4.02 which the Holder thereof has failed to deliver as described in such Sections.

Undelivered Bonds means any Bonds subject to purchase pursuant to Sections 5.01, 5.03 or 5.04 of this Indenture which the Owners have failed to deliver for purchase on the applicable Purchase Date in accordance with the terms and provisions of such Sections.

Undelivered Bonds means those Bonds subject to mandatory tender not delivered to the Paying Agent on any Purchase Date therefor.

Undelivered Bonds means (i) any Bond for which an Optional Tender Notice has been given pursuant to SECTION 203 hereof and which has not been delivered to the Tender Agent on the date specified for purchase, and (ii) any Bond which has not been delivered to the Trustee for redemption or purchase when called for redemption or purchase on any optional or mandatory redemption or purchase date or the Conversion Date; provided that in either case the Trustee has on hand and available on such date funds sufficient to purchase or redeem said Bond.