First Lien Bond Ordinance definition

First Lien Bond Ordinance means City Ordinance 160276, as it may be amended from time to time in accordance with its terms and Section 8.4 of this Declaration. City Ordinance 160276 describes the terms under which the First Lien Bonds may be issued.
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First Lien Bond Ordinance means Ordinance No. 174241, enacted on March 15, 2000, as amended.
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First Lien Bond Ordinance means the Ordinance No. 174241, as it has been amended and may be amended from time to time in accordance with its terms, which provides the terms under which the City may issue water system revenue bonds that are secured by a first lien on the net revenues of the City’s water system.
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Examples of First Lien Bond Ordinance in a sentence

  • The Rate Stabilization Fund has been established by the First Lien Bond Ordinance.

  • Unless the context clearly requires otherwise, capitalized terms that are used in this Master Declaration and are defined in this Section 1 shall have the meanings defined for those terms in this Section 1, and capitalized terms that are used in this Master Declaration but are not defined in this Section 1 shall have the meanings defined for those terms in the First Lien Bond Ordinance.

  • The Master First Lien Bond Ordinance defines the Required Reserve as the lesser of the maximum annual debt service on all Outstanding Parity Obligations determined as of the date of issuance of any additional Parity Obligations, 125 percent of the average annual debt service on the Outstanding Parity Obligations, or ten percent of the proceeds of all series of sewer system revenue bonds any portion of which is outstanding.

  • Certification must be undertaken in accordance with the Standards, and the Standards do not require that the SWS be used in all cases, nor that the BSWAT cannot be used in any cases.

  • Not sell, mortgage, lease or otherwise dispose of or encumber all or any portion of the Water System except as specifically permitted by the First Lien Bond Ordinance and the Master Second Lien Bond Declaration.

  • Promptly deposit the Gross Revenues into the funds and accounts as required by the First Lien Bond Ordinance and the Master Second Lien Water System Revenue Bond Declaration.

  • For the benefit of the Owners of the First Lien Bonds, not issue obligations having a claim that is superior to the claim of the First Lien Bonds upon the Net Revenues, except as provided in the Master First Lien Bond Ordinance.

  • Promptly deposit the Gross Revenues and other amounts into the funds and accounts as required by the Master First Lien Bond Ordinance and the Master Second Lien Bond Declaration.

  • The Master First Lien Bond Ordinance requires the City to fund and maintain a balance in the First Lien Bond Reserve Account (but solely from the proceeds of First Lien Bonds and the Net Revenues) that is at least equal to the Required Reserve.

  • Promptly cause the principal, premium, if any, and interest on the First Lien Bonds and the Second Lien Bonds to be paid as they become due in accordance with the provisions of the First Lien Bond Ordinance and the Master Second Lien Water System Revenue Bond Declaration.

Related to First Lien Bond Ordinance

  • First Lien Security Documents means the Security Documents and any other agreement, document or instrument pursuant to which a lien is granted or purported to be granted securing First Lien Obligations or under which rights or remedies with respect to such liens are governed, in each case to the extent relating to the collateral securing the First Lien Obligations.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Second Lien Security Documents means any and all security agreements, pledge agreements, mortgages and other agreements and documents pursuant to which any Liens are granted to secure any Indebtedness or other obligations in respect of the Second Lien Notes.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • Second Lien Indenture has the meaning set forth in the recitals.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.