Bonds Similarly Secured definition

Bonds Similarly Secured means, collectively, the Previously Issued Bonds, the Bonds and Additional Parity Bonds. “Business Day” means any day which is not a Saturday, Sunday or legal holiday, or day on which banking institutions

Bonds Similarly Secured means the Outstanding Parity Bonds, the Bonds and Additional Parity Bonds.

Bonds Similarly Secured means, collectively, the Series 2013 Bonds, the Series 2018 Bonds, any bonds issued to refund the Series 2013 Bonds or the Series 2018 Bonds, and any Outstanding Bonds Similarly Secured.

Examples of Bonds Similarly Secured in a sentence

• A Reserve Fund shall not be required to be established or maintained by the City for the payment of the Bonds or any other Bonds Similarly Secured so long as the Net Revenues of the System for a Fiscal Year equal or exceed one hundred fifty per cent (150%) of the annual debt service requirements of Bonds Similarly Secured due and payable in such Fiscal Year.

• The Additional Bonds shall be secured by and payable from a lien on and pledge of the Net Revenues in the same manner and to the same extent as any then Outstanding Bonds Similarly Secured, and the Additional Bonds then proposed to be issued shall in all respects be on a parity and of equal dignity as to lien and right.

• That, in addition to the right to issue bonds of inferior lien as authorized by law, the City reserves the right to issue Additional Bonds, for the purpose of improving, extending, equipping and repairing the System and for the purpose of refunding in any lawful manner, any part or all of the Bonds Similarly Secured or other obligations of the City eligible to be refunded under the laws of the State of Texas as such laws now or hereafter may exist.

• Upon being established and except as provided in below, the amount on deposit to the credit of the Reserve Fund shall be maintained for the benefit of the owners of the Bonds Similarly Secured.

• That it has the lawful power to pledge the revenues supporting the Bonds and has lawfully exercised said power under the Constitution and laws of the State of Texas, and that the Bonds issued under this Ordinance shall be ratably secured in such manner that no one Bond shall have preference over any other Bond or Bonds or Bonds Similarly Secured.

More Definitions of Bonds Similarly Secured

Bonds Similarly Secured means the Previously Issued Bonds, the Bonds and Additional Bonds, if any.

Bonds Similarly Secured means the Bonds and any Additional Bonds. "Chapter 1371" means Chapter 1371, Texas Government Code, as amended. "Chapter 1502" means Chapter 1502, Texas Government Code, as amended. "Code" means the Internal Revenue Code of 1986, as amended. "Comptroller" means the Comptroller of Public Accounts of the State. "Council" means the Town Council of the Town.

Bonds Similarly Secured means the Bonds, the Prior Bonds and any Additional Parity Bonds from time to time outstanding.

Bonds Similarly Secured means the Previously Issued Bonds, the Bonds and any Additional Bonds. "Debt Service", as of any particular date of computation, with respect to any obligations and with

Bonds Similarly Secured means the currently outstanding Prior Lien Obligations, the Bonds, and any Additional Prior Lien Obligations hereafter issued by the City or bonds issued to refund any of the foregoing if issued in a manner that provides that the refunding bonds are payable from and equally and ratably secured by a first and prior lien on and pledge of the Pledged Revenues of the System.

Bonds Similarly Secured means, collectively, any Outstanding 2020 Bonds, any Outstanding 2022 Bonds and any Refunding Bonds (as defined herein) issued hereafter.

Bonds Similarly Secured means, collectively, any Outstanding Bonds, Additional Bonds, and Refunding Bonds.