Additional Parity Obligations definition

Additional Parity Obligations means any additional obligations having a lien payable from Net Revenues of the System on a parity with the Loan Agreement which may hereafter be issued by the Local Borrower (or any financing conduit acting on behalf of the Local Borrower) in compliance with the terms in Section 3.

Additional Parity Obligations means all Parity Obligations hereafter issued or incurred by the City pursuant to Article VII.

Additional Parity Obligations means any leases, loans or other obligations, other than the Parity Bonds, of the Municipality hereafter issued or incurred, payable from the Net Revenues and standing on a parity and equality with the Parity Bonds and the Loan with respect to the Lien on the Net Revenues.

Examples of Additional Parity Obligations in a sentence

• Additional Parity Obligations may mature on any date in any of the years in which they are scheduled to mature.

• The City will punctually pay or cause to be paid the interest on and principal of all Parity Obligations according to the terms thereof and will faithfully do and perform, and at all times fully observe, any and all covenants, undertakings, stipulations and provisions contained in this Ordinance and in any ordinance authorizing the issuance of Additional Parity Obligations.

• Following the first phase of the extinction, the Foliomena Fauna became extinct; whereas some genera, e.g., Skenidioides (protorthides); Dolerorthis, Glyptorthis, and Epitomyonia (orthides); and Eoplectodonta and Leangella (plectambonitoids) characterising deeper water associations survived in‗refugia‘, joined the Hirnantian fauna to varying degrees, and extended into the Silurian.

• Subject to the provisions hereinafter appearing as to conditions precedent which must be satisfied, the Corporation reserves the right to issue, from time to time as needed, Additional Parity Obligations for any lawful purpose.

• As and when Additional Parity Obligations are delivered or incurred, the Required Reserve Amount shall be increased, if required, to an amount calculated in the manner provided in the first paragraph of this Section.

More Definitions of Additional Parity Obligations

Additional Parity Obligations means the additional bonds, notes and other obligations which GBRA reserves the right to issue or enter into, as the case may be, in the future under the terms and conditions provided in Sections 22 and 23 of this Resolution.

Additional Parity Obligations means any additional pari passu bonds which may hereafter be issued, pursuant to Section 9 hereof, on a parity with the Bonds.

Additional Parity Obligations means obligations of the Issuer which are issued hereafter on a parity with the Bonds as authorized in Article 7 of this Bond Ordinance.

Additional Parity Obligations means the additional obligations of the Board permitted to be issued pursuant to Section 12 of this Resolution or pursuant to the Parity Bond Resolutions, such obligations to be payable from and secured by a first lien on and pledge of the Available University Fund Share on a parity with and of equal dignity to the Outstanding Parity Bonds and the Bonds.

Additional Parity Obligations means the additional parity revenue bonds permitted to be authorized in the future by this Resolution and by the Taxable Series 2020A Resolution.

Additional Parity Obligations means any pari passu additional obligations hereafter issued by the Issuer on a parity with the Bonds, with respect to the excess of annual revenues of the Issuer, all as provided herein.

Additional Parity Obligations means additional obligations issued or incurred in compliance with the terms, conditions and limitations contained herein and which (i) shall have a lien on the Pledged Revenues equal to that of the Outstanding Bonds, (ii) shall be payable from the Pledged Revenues on a parity with the Outstanding Bonds, and (iii) shall rank equally in all other respects with the Outstanding Bonds.