Bonds Similarly Secured definition

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

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, 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.

• 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.

• The City will not hereafter issue any additional obligations with a lien on and pledge of the Net Revenues on a parity with the lien on and pledge of the Net Revenues associated with the Prior Lien Bonds or create or issue evidences of indebtedness for any purpose possessing a lien on the Net Revenues of the System superior to that to be possessed by the Bonds Similarly Secured.

• The City, however, retains the right to create and issue evidences of indebtedness whose lien on and pledge of the Net Revenues of the System shall be subordinate to that possessed by the Bonds Similarly Secured.

• The City covenants that from the funds in the Revenue Fund, the City shall pay into the Interest and Sinking Fund during each year in which any of the Bonds Similarly Secured are outstanding, an amount equal to one hundred percent (100%) of the amount required to meet the principal and interest payments falling due on or before the next interest payment, maturity or redemption date of the Bonds Similarly Secured, such payments to be made in substantially equal monthly installments.

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.