Examples of Junior Bonds in a sentence
After the date on which no Senior Issuer Notes and the Junior Bonds remain Outstanding, as provided in the Senior Funding Loan Agreement and the Junior Indenture, the Fiscal Agent/Trustee shall no longer have any rights, duties or responsibilities under this Regulatory Agreement and all references to the Fiscal Agent/Trustee in this Regulatory Agreement shall be deemed references to the Issuer.
Notwithstanding any other provision of this Regulatory Agreement, this Regulatory Agreement may be terminated upon agreement by the Issuer, the Fiscal Agent/Trustee and the Owner, upon receipt by the Issuer and the Fiscal Agent/Trustee of an opinion of Tax Counsel to the effect that such termination will not adversely affect the exclusion from gross income of interest on the Governmental Lender Tax-Exempt Note and the Junior Bonds for federal income tax purposes.
CDLAC shall have the right (but not the obligation) to enforce the CDLAC Conditions and to pursue an action for specific performance or other available remedy at law or in equity in accordance with Section 17 hereof; provided that any such action or remedy undertaken by CDLAC shall not materially adversely affect the interests and rights of the Issuer or the Holders of the Senior Issuer Notes or Junior Bonds.
In consideration of the issuance of the Senior Issuer Notes and the Junior Bonds by the Issuer, the Owner has entered into this Regulatory Agreement and has agreed to restrict the uses to which this Project can be put on the terms and conditions set forth herein.
Junior Bonds shall only be redeemed with moneys available therefor in the Surplus Account or from moneys released to the Transportation Enterprise from the Surplus Account.