Future Parity Bonds means any and all Waterworks Utility System revenue bonds of the City issued after the date of issuance of the Bonds, the payment of the principal of and interest on which constitutes a charge or lien on the Net Revenue and ULID Assessments equal in rank with the charge and lien upon such revenue and assessments required to be paid into the Bond Fund to pay and secure the payment of the principal of and interest on the then-outstanding Parity Bonds.

Future Parity Bonds means any bonds, notes or other obligations of the Borrower issued pursuant to a Series Resolution and in accordance with Section 16(b) (Issuance of Future Bonds) and secured by a pledge of or payable from the Pledged Taxes as described in paragraphs Third and Fourth in Section 8(d) (Security and Priority; Flow of Funds), which are expressly stated to be secured by a pledge of Pledged Taxes on an equal and ratable basis with the Pledged Taxes required to be paid into the Parity Bond Account to pay and secure the payment of the principal of and interest on Parity Bonds then outstanding.

Future Parity Bonds means any bonds hereafter issued by the Issuer on a parity with the Bond herein authorized pursuant to the conditions and restrictions set forth in Article V hereof.

Examples of Future Parity Bonds in a sentence

Capital Appreciation Bonds means any Future Parity Bonds all or a portion of the interest on which is compounded, accumulated and payable only upon redemption or on the maturity date of such Capital Appreciation Bonds.
If so provided in the ordinance authorizing their issuance, Future Parity Bonds may be deemed to be Capital Appreciation Bonds for only a portion of their term.
All payees must provide a valid IRS Form W-9 or the appropriate IRS Form W-8 (attached hereto as Exhibit B).
The Reserve Requirement shall be deemed satisfied by any combination of Parity Bond proceeds, Reserve Surety or other legally available money equal to the Reserve Requirement, or by the deposit of available funds of the City in approximately equal annual installments so that the Reserve Requirement is funded no later than three years after the issuance of any Future Parity Bonds that are secured by the Reserve Account.
The amounts pledged by this ordinance to be paid out of the Electric Fund into the Parity Bond Fund (and the Debt Service Account and Reserve Account therein) are hereby declared to be a prior lien and charge upon all the money in the Electric Fund superior to all other charges of any kind or nature except the charges required to pay the Operation and Maintenance Expense and equal in rank to the charges necessary to pay the principal of, premium, if any, and interest on any Future Parity Bonds.

More Definitions of Future Parity Bonds

Future Parity Bonds means any bonds, notes, or other obligations of the Authority issued pursuant to a Series Resolution and in accordance with Section 16(b) (Issuance of Future Bonds) of the TIFIA Loan Agreement, and secured by a pledge of or payable from the Pledged Taxes as described in paragraphs “Third” and “Fourth” in Section 6(b) of this Resolution, which are expressly stated to be secured by a pledge of Pledged Taxes on an equal and ratable basis with the Pledged Taxes required to be paid into the Parity Bond Account to pay and secure the payment of the principal of and interest on Parity Bonds then outstanding.

Future Parity Bonds means any sewer revenue bonds, warrants or other

Future Parity Bonds means any revenue bonds of the Borough, other than the Municipal Bond, the principal of and interest on which are payable out of money in the Petersburg Borough Electric Utility Enterprise Fund on a parity with the payments required to be made into the Parity Bond Fund in respect of the Municipal Bond and any Outstanding Parity Bonds.

Future Parity Bonds means any fixed or variable rate revenue bonds of the City

Future Parity Bonds means any note, bonds, or other obligations for borrowed money of the District issued after the date of issuance of the Bonds which will have a lien upon the Gross Revenue of the Electric System for the payment of the principal thereof and interest thereon equal to the lien upon the Gross Revenue of the Electric System for the payment of the principal of and interest on the Bonds and the Outstanding Parity Bonds.

Future Parity Bonds means, with reference to any Series designated as Parity Bonds,