Future Prior Bonds definition

Future Prior 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 Local Option Taxes as described in paragraphs First and Second in Section 8(d) (Security and Priority; Flow of Funds), which are expressly stated to be secured by a pledge of Local Option Taxes on an equal and ratable basis with the Local Option Taxes required to be paid into the Local Option Tax Accounts to pay and secure the payment of the principal of and interest on the Prior Bonds then outstanding.
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Future Prior 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 Local Option Taxes as described in paragraphs “First” and “Second” in Section 6(b) of this Resolution, which are expressly stated to be secured by a pledge of Local Option Taxes on an equal and ratable basis with the Local Option Taxes required to be paid into the Local Option Tax Accounts to pay and secure the payment of the principal of and interest on the Prior Bonds then outstanding.
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Future Prior Bonds means any bonds, notes or other obligations of the Borrower issued pursuant to a Series Resolution and in accordance with Section 13(b) and secured by a pledge of or payable from the Local Option Taxes as described in paragraphs First and Second in Section 5(d), which are expressly stated to be secured by a pledge of Local Option Taxes on an equal and ratable basis with the Local Option Taxes required to be paid into the Local Option Tax Accounts to pay and secure the payment of the principal of and interest on the Prior Bonds then outstanding.
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Related to Future Prior Bonds

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.

  • Existing Bonds means the following obligations of Seller: