Examples of Additional Junior Lien Bonds in a sentence
Such publication is not required, however, if notice in writing is given to each holder of Bonds and Additional Junior Lien Bonds.
Such consent may be revoked at any time after six months from the date of the first publication of such notice by the holder who gave such consent, or by a successor in title, by filing notice thereof with the Paying Agent/Registrar, but such revocation shall not be effective if the holders of two-thirds aggregate principal amount of the then outstanding Bonds and Additional Junior Lien Bonds as in this Section defined have, prior to the attempted revocation, consented to and approved the amendment.
While the Bonds or any Additional Junior Lien Bonds are outstanding and unpaid it will cause the System to be continuously and efficiently operated and maintained in good condition, repair, and working order, and at a reasonable cost.
For purposes of this paragraph (b)(i), the Issuer may elect to use as the last preceding Fiscal Year any Fiscal Year ending not more than eighteen (18) months prior to the date of delivery of the Additional Junior Lien Bonds for which an audit has been completed.
The term "Pledged Revenues" shall mean the Net Revenues of the System and any additional revenues, income, receipts, or other resources, including, without limitation, any grants, donations, or income received or to be received from the United States Government, or any other public or private source, whether pursuant to an agreement or otherwise, which hereafter may be pledged to the payment of the Bonds or the Additional Junior Lien Bonds.
In addition, Additional Junior Lien Bonds of equal standing and priority with any outstanding Junior Lien Bonds may be issued to refund all or a portion of outstanding Bonds if the refunding would provide a net present value debt service savings to the City.
In addition, at any time that the United States is the holder of all of the Bonds outstanding, Additional First Lien Bonds and Additional Junior Lien Bonds may be issued if the United States consents or agrees to the issuance.
The statutoryliens securing any First Lien Bonds (as defined in the Res- olution) issued by the Issuer will be first liens that shall be and shall remain superior to the lien on the Net Revenues securing this Bond and any Additional Junior Lien Bonds (as defined in the Resolution), that may be issued pursu- ant to the Resolution.
The Bonds of this series shall have equal sanding with any Additional Junior Lien Bonds that may be issued pursuant to the Resolution, and Additional First Lien Bonds of superior standing to the bonds of this series may be issued pursuant to the Resolution.
From time to time as Additional First Lien Bonds and Additional Junior Lien Bonds are issues a Construction Fund shall be established for those issues.