Common use of Complete Indenture Trust Estate Limitations Clause in Contracts

Complete Indenture Trust Estate Limitations. The Complete Indenture contains a representation and warranty of the HFA to the effect that the Program Bonds are not secured on a subordinate or parity basis with any other bonds of the HFA secured, in whole or in part, with multifamily loans which are not Permitted Mortgage Loans. The Complete Indenture contains a covenant of the HFA that it will not issue bonds or other indebtedness senior to or on a parity with the Program Bonds which additional parity or senior bonds or indebtedness is secured, in whole or in part, with multifamily loans which are not Permitted Mortgage Loans. SCHEDULE D-5 DESCRIPTION OF PROGRAM BONDS (SMALL ISSUE) Terms capitalized in this Schedule D-5 and not defined in Article 1 of this Agreement will have the meaning assigned to such terms in the Complete Indenture. In order to qualify as Eligible Bonds under the New Issue Bond Program, the Program Bonds, the related Complete Indenture and the HFA must satisfy the following requirements:

Complete Indenture Trust Estate Limitations. The Complete Indenture contains a representation and warranty of the HFA to the effect that the Program Bonds are not secured on a subordinate or parity basis with any other bonds of the HFA secured, in whole or in part, with multifamily loans which are not Permitted Mortgage Loans. The Complete Indenture contains a covenant of the HFA that it will not issue bonds or other indebtedness senior to or on a parity with the Program Bonds which additional parity or senior bonds or indebtedness is secured, in whole or in part, with multifamily loans which are not Permitted Mortgage Loans. SCHEDULE D-5 D-4 DESCRIPTION OF PROGRAM BONDS (SMALL ISSUEMULTIFAMILY-IMMEDIATE FUNDING) Terms capitalized in this Schedule D-5 D-4 and not defined in Article 1 of this Agreement will have the meaning assigned to such terms in the Complete Indenture. In order to qualify as Eligible Bonds under the New Issue Bond Program, the Program Bonds, the related Complete Indenture and the HFA must satisfy the following requirements: