Underlying Bond definition

Underlying Bond means a municipal security, note, bond or other evidence of indebtedness issued by a State or local government unit the ownership of which is evidenced by a custodial receipt, trust receipt or any other similar instrument that evidences the ownership based on a pass-through arrangement.
Sample 1Sample 2Sample 3
Underlying Bond. The Collateralized Callable Mortgage Bond issued by the Bond Issuer pursuant to the Indenture.
Sample 1Sample 2
Underlying Bond means a bond, debenture or other evidence of indebtedness of or guaranteed by the Government of Canada or any province or territory of Canada or by any foreign country or any political division of a foreign country.
Sample 1Sample 2

Examples of Underlying Bond in a sentence

  • The Trustee shall (i) apply any portion of an Unscheduled Receipt Payment consisting of Underlying Bond Principal Distribution to reduce the Certificate Balance as set forth in Section 4.02(a)(ii) and (ii) apply any portion of an Unscheduled Receipt Payment consisting of Underlying Bond Interest Distribution to make a Distribution of Certificate Interest at the Certificate Rate in accordance with Section 4.02(a)(i) on the next Certificate Distribution Date.

  • At the time each Underlying Bond was issued, an Opinion of Counsel was issued generally to the effect that interest on such Underlying Bond is excludable from gross income for U.S. federal income tax purposes.


More Definitions of Underlying Bond

Underlying Bond. With respect to the Class M-1 Certificates and Trust Fund 1, the Class M-1-1 Bonds and Class M-1-2 Bonds; with respect to the Class M-2 Certificates and Trust Fund 2, the Class M-2-1 Bonds and Class M-2-2 Bonds; with respect to the Class M-3 Certificates and Trust Fund 3, the Class M-3-1 Bonds and Class M-3-2 Bonds; with respect to the Class M-4 Certificates and Trust Fund 4, the Class M-4-1 Bonds and Class M-4-2 Bonds; with respect to the Class M-5 Certificates and Trust Fund 5, the Class M-5-1 Bonds and Class M-5-2 Bonds; with respect to the Class M-6 Certificates and Trust Fund 6, the Class M-6-1 Bonds and Class M-6-2 Bonds; with respect to the Class A-IO Certificates and Trust Fund 7, the Class A-IO-1 Bonds and Class A-IO-2 Bonds, in each case, issued pursuant to the Underlying Indenture.
Sample 1
Underlying Bond means Buoni Poliennali Del Tesoro 3.75 per cent. due 01 August 2015 (ISIN: IT0003844534). Purchases: (B) Condition 8.5 (Purchases) will apply to the Notes. Upon any such purchase the Swap Agreement will terminate (pro rata, in the case of a purchase of some only of the Notes) and a termination payment may be payable by or to the Issuer. Any purchase of Notes by the Issuer pursuant to Condition 8.5 is conditional upon the receipt by the Issuer of an amount which, plus or minus any termination payment payable to or by the Issuer from or to the Swap Counterparty on the termination (or, as the case may be, partial termination) of the Swap Agreement, is sufficient to fund the purchase price payable by the Issuer. The Trust Instrument provides for the release of the security over the Collateral (or, as the case may be, the relevant part thereof) and that the proceeds of sale of the Collateral (or the relevant part thereof) shall be applied in or towards payment of any amount payable to the Swap Counterparty under the Swap Agreement and the purchase price payable by the Issuer for the Notes being purchased pursuant to Condition 8.5. (C) Conditions 8.7, 8.8 and 8.11 shall not apply to the Notes.
Sample 1
Underlying Bond. Each of the securities identified on Exhibit B hereto.
Sample 1
Underlying Bond. The Mortgage Collateralized Bond issued by American Residential Eagle Trust [___] pursuant to the Indenture. Underwriter: _____________ as underwriter of the public offering of the Regular Certificates.
Sample 1
Underlying Bond or “Underlying Bonds” means the portion of the bonds underlying the Portfolio Assets as set forth on Schedule I.
Sample 1
Underlying Bond or “Underlying Bonds” means the portion of the bonds underlying the Portfolio Assets as set forth on Schedule I. “Underlying Bond Documents” means the trust agreements, loan agreements, resolutions, indentures or other documents pursuant to
Sample 1

Related to Underlying Bond

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • Municipal bond means a bond or evidence of indebtedness issued by a municipality or other political subdivision of a state.

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Underlying Security means a security issued or transferred, or to be issued or transferred, in accordance with the terms of a convertible security, an exchangeable security or a multiple convertible security;

  • Initial Bond means any Bond issued on the First Issue Date. “Initial Bond Issue” has the meaning set forth in Clause 2.1.

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

  • Bond means a debt instrument (Sw. skuldförbindelse) for the Nominal Amount and of the type set forth in Chapter 1 Section 3 of the Financial Instruments Accounts Act and which are governed by and issued under these Terms and Conditions, including the Initial Bonds and any Subsequent Bonds.

  • Surety Bond The Limited Purpose Surety Bond (Policy No. AB0039BE), dated February 28, 1996 in respect to Mortgage Loans originated by MLCC, or the Surety Bond (Policy No. AB0240BE), dated March 17, 1999 in respect to Mortgage Loans originated by Novus Financial Corporation, in each case issued by Ambac for the benefit of certain beneficiaries, including the Trustee for the benefit of the Holders of the Certificates, but only to the extent that such Surety Bond covers any Additional Collateral Loans, or such other Surety Bond as may be identified in the Series Supplement.

  • Mortgage-backed security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

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

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Refunding Bond or “Refunding Bonds” means all or a portion of the

  • Underlying Instrument means the loan agreement, credit agreement or other customary agreement pursuant to which a Collateral Obligation has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Collateral Obligation or of which the holders of such Collateral Obligation are the beneficiaries.