Examples of Outstanding Junior Lien Bonds in a sentence
The Outstanding Senior Lien Bonds shall be deemed to be Senior Lien Bonds hereunder and the Outstanding Junior Lien Bonds shall be deemed to be Junior Lien Bonds hereunder; and in both cases such bonds shall be entitled to the applicable provisions hereof relating to Senior Lien Bonds and Junior Lien Bonds, as the case may be, to the extent that such provisions are not inconsistent with any corresponding provisions of the Original General Bond Resolution or any applicable series ordinance.
Regarding the Outstanding Senior Lien Bonds and the Outstanding Junior Lien Bonds.
The Series 2023 Bond shall be payable out of the Net Revenues, as set forth more fully in Section 8 hereof, provided that the Series 2023 Bond shall be junior and subordinate to the prior lien with respect to the Net Revenues of the Outstanding Senior Lien Bonds hereafter issued pursuant to the Prior Ordinances and equal in standing with the Outstanding Junior Lien Bonds and any Junior Lien Bonds hereafter issued.
After the transfers required in (1) and (2) above, Revenues of the System shall continue to be deposited in the Junior Lien Bond and Interest Redemption Fund at the times specified in the Outstanding Ordinance for so long as the Outstanding Junior Lien Bonds remain outstanding.