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.
Delivery and Payment for Purchased Bonds of a Series; Undelivered Bonds.
If such Undelivered Bonds are to be remarketed, the Trustee shall authenticate and deliver new Bonds in replacement thereof pursuant to the remarketing of such Undelivered Bonds.
Ownership of Undelivered Bonds shall be transferred to the purchaser thereof as provided in Section 4.01(d)(iv) above and the Tender Agent shall authenticate and deliver substitute Bonds in lieu of such Undelivered Bonds.