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Hereby is used in connection with what is present with the speaker or what the speaker has just mentioned or the speaker's present words (i.e. the present document); thereby is used in connection with what is at a distance from the speaker or what has been mentioned by the speaker or by someone else.
hereunder, or any similar term refer to this Master Indenture and not solely to the particular. portion thereof in which such word is used; heretofore means before the execution and. effectiveness of this Master Indenture; and hereafter means after the execution and. effectiveness of this Master Indenture. holder, or any similar term, when used in conjunction with any First Lien Bond, means. the registered owner of any First Lien Bond which is registered for payment.