Examples of Additional Revenue Bonds in a sentence
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.
The City may issue Additional Revenue Bonds and incur Subordinated Indebtedness to refund outstanding Revenue Bonds or Subordinated Indebtedness.
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 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.
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.
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 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 parties recognize that, if certain specified conditions precedent are met, the Bond Resolution will permit the issuance of refunding bonds on a parity with the Airport Revenue Bonds and Additional Revenue Bonds, and the issuance of Subordinated Indebtedness, to refund Prior Lien Xxxxx, Xxrport Revenue Bonds, Additional Revenue Bonds or Subordinated Indebtedness.
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 2013 Bond and the Series 2015 Bond (the “Senior Lien Bonds”).
Airline agrees that its use of facilities financed with proceeds of Subordinated Indebtedness and/or with Additional Revenue Bonds shall be limited to activities directly related and essential to servicing aircraft, enabling aircraft to take off and land, and transferring passengers or cargo to and from aircraft, and activities functionally related and subordinate to such operations.