Junior Lien Bond definition

Junior Lien Bond means, generally, any bond or obligation secured by a lien and
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Junior Lien Bond means the $275,000 Village of Lakeview Sanitary Sewer System Junior Lien Revenue Bond, authorized to be issued under Section 3 of the Ordinance.
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Junior Lien Bond means the $341,000 of the Issuer’s 1995 Water Supply System Junior Lien Revenue Bond authorized to be issued under Sections 4 and 5 of this Ordinance.
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More Definitions of Junior Lien Bond

Junior Lien Bond means (i) any Bond which is expressly designated as a Junior Lien Bond by the Supplemental Indenture pursuant to which it is issued and (ii) any Bond issued on parity therewith.
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Related to Junior Lien Bond

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Junior Lien means a Lien, junior to the Priority Liens and the Parity Liens as provided in the Intercreditor Agreement, granted by the Company or any Subsidiary Guarantor in favor of holders of Junior Lien Debt (or any collateral trustee or representative in connection therewith), at any time, upon any property of the Company or any Subsidiary Guarantor to secure Junior Lien Obligations.

  • Junior Lien Priority means Indebtedness that is secured by a Lien on the Collateral that is junior in priority to the Liens on the Collateral securing the Obligations under the Notes and is subject to an intercreditor agreement (it being understood that junior Liens are not required to rank equally and ratably with other junior Liens, and that Indebtedness secured by junior Liens may be secured by Liens that are senior in priority to, or rank equally and ratably with, or junior in priority to, other Liens constituting junior Liens).