Underlying Bonds definition

Underlying Bonds means the Primary Bond and all other insurancecoverage referred to in ITEM 7. of the DECLARATIONS.Excess Bond (7-92) Form 17-02-0842 (Ed. 7-92) Page 2 of 5 Conditions And Limitations (continued) Limit Of Liability 2 . The COMPANY’S total cumulative liability for all Single Losses of all ASSUREDSdiscovered during the BOND PERIOD shall not exceed the AGGREGATE LIMITOF LIABILITY as stated in ITEM 2. of the DECLARATIONS. Each payment madeAggregate Limit Of under the terms of this bond shall reduce the unpaid portion of the AGGREGATELiability LIMIT OF LIABILITY until it is exhausted.On exhausting the AGGREGATE LIMIT OF LIABILITY by such payments:a. the COMPANY shall have no further liability for loss or losses regardless ofwhen discovered and whether or not previously reported to the COMPANY,andb. the COMPANY shall have no obligation under General Agreement C. tocontinue the defense of the ASSURED, and on notice by the COMPANY tothe ASSURED that the AGGREGATE LIMIT OF LIABILITY has beenexhausted, the ASSURED shall assume all responsibility for its defense at itsown cost.The unpaid portion of the AGGREGATE LIMIT OF LIABILITY shall not be increased orreinstated by any recovery made and applied in accordance with Section 4. In the eventthat a loss of property is settled by indemnity in lieu of payment, then such loss shall notreduce the unpaid portion of the AGGREGATE LIMIT OF LIABILITY.Single Loss Limit Of The COMPANY’S liability for each Single Loss shall not exceed the SINGLE LOSSLiability LIMIT OF LIABILITY as stated in ITEM 3. of the DECLARATIONS or the unpaid portionof the AGGREGATE LIMIT OF LIABILITY, whichever is less.
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Underlying Bonds means the Primary Bond and all other insurance coverage referred to in ITEM 7. of the DECLARATIONS. Excess Bond (7-92) Form 17-02-0842 (Ed. 7-92) Page 2 of 5 Conditions And Limitations(continued)Limit Of LiabilityAggregate Limit Of LiabilitySingle Loss Limit Of Liability
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Underlying Bonds means R2035s government bonds issued by the Republic of South Africa (ISIN Code: ZAG000125972) with an aggregate nominal amount equal to ZAR75,000,000.
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Examples of Underlying Bonds in a sentence

  • In addition, at the time the Underlying Enhanced Receipts were issued, an Opinion of Counsel was issued generally to the effect that, assuming interest on the Underlying Bonds is excludable from gross income for U.S. federal income tax purposes, the Underlying Enhanced Receipt Payments received by the Trustee will also be so excludable to the same extent as if the Trustee held its interest in the Underlying Bonds directly.


More Definitions of Underlying Bonds

Underlying Bonds means an Underlying Asset which is a bond;
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Underlying Bonds means the eligible bonds out of which Eligible Instruments are created. The list of eligible Underlying Bonds is available at http://www.bondbloX.com.
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Underlying Bonds means with respect to any BCE Reference Obligation, the fixed rate or variable rate, tax- exempt or taxable, municipal bonds or notes issued by a governmental agency or entity for which Freddie Mac provides credit enhancement pursuant to the related credit enhancement agreement entered into by Freddie Mac and the related trustee or custodian for such bonds under the TAH BCE Program, as further described under “The Reference Obligations—BCE Reference Obligations” in the Preliminary PPM.
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Underlying Bonds means the portion of the bonds underlying the Portfolio Assets as set forth on Schedule I.
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Related to Underlying Bonds

  • Existing Bonds means the following obligations of Seller:

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

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

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

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

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

  • School Bonds means School Obligations issued as Bonds.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

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

  • 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.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Refunded Bonds means the portion of the $35,000 of the Series E Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.