Future Junior Lien Obligations definition

Future Junior Lien Obligations means any sewer revenue bonds, warrants or
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Future Junior Lien Obligations means any and all revenue obligations of the Town hereafter issued, the payment of which, both principal and interest, constitutes a lien and charge upon Gross Revenue and Water ULID Assessments subordinate to the lien and charge upon Gross Revenue and Water ULID Assessments for the payments required to pay and secure the payment of the Bond.
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Examples of Future Junior Lien Obligations in a sentence

  • Bonds issued as Junior Lien Obligations, and any other Future Junior Lien Obligations.

  • Nothing in this Ordinance shall be construed to prohibit the Town from issuing revenue bonds (or incurring other obligations) junior in lien to the Bond and pledging as security for their payment assessments levied in any Water ULIDs which may have been specifically created to pay part of the cost of improvements to the System for which those Future Junior Lien Obligations were specifically issued.

Related to Future Junior Lien Obligations

  • Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof.

  • Parity Lien Obligations means Parity Lien Debt and all other Obligations in respect thereof.

  • First Lien Obligations means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Other First Lien Obligations.

  • Junior Lien Indebtedness means any Indebtedness that is secured by a security interest on the Collateral (other than Indebtedness among the Borrower and/or its Subsidiaries) that is expressly junior or subordinated to the Lien securing the Obligations with an individual outstanding principal amount in excess of the Threshold Amount.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;