Initial Bonds definition
Examples of Initial Bonds in a sentence
The Initial Bonds thus registered shall remain in the custody of the President (or his or her designee) until delivered to the Underwriters.
One Bond for each stated maturity of the Series 2017 Bonds, numbered consecutively from R-I and upward in the form of Exhibit B, shall be submitted to the Attorney General of Texas (the "Initial Bonds") for such purpose.
Except for the Initial Bonds, only such Bonds as shall have endorsed thereon a certificate of authentication, substantially in the form set forth in Exhibit B with respect to the Series 2017 Bonds, and duly authenticated by the Trustee shall be entitled to any right, security or benefit under this Indenture.
The Trustee shall insert the date of authentication of each Series 2017 Bond (other than the Initial Bonds) in the place provided for such purpose in the form of certificate of authentication of the Trustee to be printed on each Series 2017 Bond (other than the Initial Bonds).
Upon registration of the Initial Bonds, the Comptroller (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate.