Examples of First Mortgage Bond Indenture in a sentence
In the case of VaPower, VaPower shall not, nor shall it permit any of its Material Subsidiaries to, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for (i) Liens permitted by the First Mortgage Bond Indenture and (ii) Liens created in the ordinary course of business.
The occurrence of any "event of default" as defined in the First Mortgage Bond Indenture.
We have assumed that the First Mortgage Bond Indenture has been duly authorized, executed and delivered by the Trustees.
The Lender and the Borrower agree that the lien granted by the Borrower hereunder to secure the Liabilities is subordinate, to the extent and in the manner set forth in this Agreement, to the lien of the First Mortgage Bond Indenture and any and all of the bonds outstanding from time to time thereunder (the “Senior Obligations”).
Substantially all property is subject to the lien of the First Mortgage Bond Indenture.