Examples of Additional Revenue Bonds in a sentence
The City reserves the right to issue Additional Revenue Bonds of senior or prior standing and priority of lien on the Net Revenues of the System to the Series 2020 Bond (the “Senior Lien Bonds”).
The City may issue Additional Revenue Bonds and incur Subordinated Indebtedness to fund any of the capital improvements that have not been disapproved by vote of a Majority In Interest given as provided in Section 8.07.
Any such surpluses including available investment earnings and gains associated with such surpluses shall be used to purchase, pay or redeem any Airport Revenue Bonds or Additional Revenue Bonds including the expenses in connection with such purchase, payment or redemption unless County and MII shall agree otherwise.
The City may issue Additional Revenue Bonds and incur Subordinated Indebtedness to refund outstanding Revenue Bonds or Subordinated Indebtedness.
Expansion of the Airport System for the increased requirements of any Signatory Airline(s) provided such Signatory Airline(s) agrees in writing to increased rentals, fees and charges sufficient to cover the payment of debt service if financed with Additional Revenue Bonds, or an equivalent amount if financed from the Improvements Account or General Purposes Account to finance its exclusive facilities portions of the expansion project.
The debt service, debt service reserve and other payment requirements of any such Additional Revenue Bonds, Subordinated Indebtedness, Credit Support Instruments and Hedge Agreements shall be considered in any subsequent adjustment of Rentals or Landing Fees hereunder.
The City reserves the right to issue Additional Revenue Bonds of senior or prior standing and priority of lien on the Net Revenues of the System to the Series 2019 Bond (the “Senior Lien Bonds”).
The parties recognize that, if certain specified conditions precedent are met, the Bond Resolution will permit the issuance of Additional Revenue Bonds on a parity with the Airport Revenue Bonds or the issuance of Subordinated Indebtedness, to finance the cost of acquisition and construction of additional aviation facilities for the Airport System or any additions, extensions, improvements and betterments to and reconstruction of the Airport System.
The 2012/2013 Bonds shall constitute Additional Revenue Bonds under the Master Ordinance.
In the event that such net proceeds are insufficient to pay in full the costs of such repair, rebuilding or restoration, City will complete such repair, rebuilding or restoration and Airline will provide for payment of the costs of such completion either from its own moneys or, if City and Airline agree, from the proceeds of Additional Revenue Bonds.