Outstanding Parity Bond Ordinances definition

Outstanding Parity Bond Ordinances means the ordinances authorizing the various
Sample 1Sample 2Sample 3
Outstanding Parity Bond Ordinances collectively, shall mean the ordinances adopted by the Governing Authority on July 27, 2011 and January 8, 2020, respectfully, authorizing the issuance of the Outstanding Parity Bonds.
Sample 1Sample 2
Outstanding Parity Bond Ordinances means, collectively, the ordinances adopted by the Issuer on November 13, 2014, August 11, 2016, and November 9, 2017, authorizing the issuance of the Outstanding Parity Bonds.
Sample 1

Examples of Outstanding Parity Bond Ordinances in a sentence

  • This Governing Authority finds and determines that the parity requirements of the Outstanding Parity Bond Ordinance(s) have been satisfied.

  • Furthermore, the City will comply with the parity requirements outlined in the Outstanding Parity Bond Ordinance(s) and will deliver at or prior to delivery of the Bonds a parity certification in substantially the form attached hereto as Exhibit C.

  • DSCR is meaningful to evaluate solvency capacity of an industrial company but not so for a FI.

  • The Governing Authority does hereby find, determine and declare that the Issuer has complied, or will comply prior to the delivery of the Bonds, with all of the terms and conditions set forth in the Outstanding Parity Bond Ordinances, with respect to authorizing the issuance of the Bonds on a parity with the Outstanding Parity Bonds.

  • The Bonds shall be and the same are hereby issued on a parity with the Outstanding Parity Bonds on the Revenues of the Tax or other funds specially applicable to the payment of said bonds, including funds established by the Outstanding Parity Bond Ordinances.

  • Outstanding Parity Bond Ordinances mean the 2010A Bond Ordinance, the 2010B/C Bond Ordinance and Ordinance No. 1357 approved by the Council on February 27, 2017.Outstanding Parity Bonds mean the revenue bonds identified in the second recital of this ordinance.Outstanding Parity Bonds issued prior to 2017 means the 2010A Bonds, the 2010B Bonds and the 2010C Bonds.Parity Bonds means the Bonds, the Outstanding Parity Bonds and any Future Parity Bonds.

  • Each sub-account in the Combined Utility Reserve Account, including sub-accounts established under the terms of the Outstanding Parity Bond Ordinances, shall secure the issue for which it is established and shall be drawn upon to meet payments on such issue only, until such issue is no longer outstanding.

  • No amount shall be required to be maintained in such account under the terms of this Ordinance and the amount required to be maintained shall be determined with reference to the applicable provisions, if any, of the Outstanding Parity Bond Ordinances and any ordinances authorizing Additional Bonds, all as then outstanding, which shall govern the balance required to be maintained in the Improvement and Extension Account.

  • This Governing Authority does hereby find, determine and declare that the Issuer has complied, or will comply prior to the delivery of the Bonds, with all the terms and conditions set forth in the Outstanding Parity Bond Ordinances with respect to authorizing the issuance of the Bonds on a parity with the Outstanding Parity Bonds.

  • On or prior to the date of issuance and delivery of the Bond authorized herein, the City shall satisfy, or cause to be satisfied, the conditions relating to the execution and delivery of Additional Parity Bonds as set forth in the Outstanding Parity Bond Ordinances.


More Definitions of Outstanding Parity Bond Ordinances

Outstanding Parity Bond Ordinances means the ordinances adopted by this Governing Authority on June 25, 2003, August 10, 2005, September 17, 2008, as supplemented
Sample 1
Outstanding Parity Bond Ordinances means those ordinances authorizing the
Sample 1
Outstanding Parity Bond Ordinances means the ordinances adopted by this Governing Authority on September 14, 1994, and September 23, 1998, which authorize the issuance of the Outstanding Parity Bonds.
Sample 1
Outstanding Parity Bond Ordinances means the ordinances adopted by this Governing Authority on September 23, 1998, October 25, 2000 and June 25, 2003, which authorize the issuance of the Outstanding Parity Bonds.
Sample 1
Outstanding Parity Bond Ordinances of the City means (i) Ordinance No. 11797 passed on April 4, 2007, authorizing the issuance of the Series 2007 Bonds, (ii) Ordinance No. 11829 passed on April 1, 2008, authorizing the issuance of the Series 2008 Bonds and (iii) Ordinance No. 11902 passed on December 21, 2009, authorizing the issuance of the Series 2009 Bonds.
Sample 1
Outstanding Parity Bond Ordinances means, collectively, (i) the ordinance adopted by the Issuer on January 22, 2018, authorizing the issuance of the Series 2018 Bonds and (ii) the ordinance adopted by the Issuer on November 26, 2018, authorizing the issuance of the Series 2019 Bonds.
Sample 1

Related to Outstanding Parity Bond Ordinances

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Parity Bonds means bonds payable from the revenues of the System other than the Bonds but issued on a parity and equality with the Bonds pursuant to the restrictive provisions of Section 11 of this Resolution;

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Taxable Equivalent of the Short-Term Municipal Bond Rate on any date means 90% of the quotient of (A) the per annum rate expressed on an interest equivalent basis equal to the Kenny S&P 30-day High Grade Index (the "Kenny Index") or any successor index, made available for the Business Day immediately preceding such date but in any event not later than 8:30 A.M., New York City time, on such date by Kenny Information Systems Inc. or any successor thereto, based upon 30-day yield evaluations at par of bonds the interest on which is excludable for regular Federal income tax purposes under the Code of "high grade" component issuers selected by Kenny Information Systems Inc. or any such successor from time to time in its discretion, which component issuers shall include, without limitation, issuers of general obligation bonds but shall exclude any bonds the interest on which constitutes an item of tax preference under Section 57(a)(5) of the Code, or successor provisions, for purposes of the "alternative minimum tax," divided by (B) 1.00 minus the Marginal Tax Rate (expressed as a decimal); provided, however, that if the Kenny Index is not made so available by 8:30 A.M., New York City time, on such date by Kenny Information Systems Inc. or any successor, the Taxable Equivalent of the Short-Term Municipal Bond Rate shall mean the quotient of (A) the per annum rate expressed on an interest equivalent basis equal to the most recent Kenny Index so made available for any preceding Business Day, divided by (B) 1.00 minus the Marginal Tax Rate (expressed as a decimal). The Corporation may not utilize a successor index to the Kenny Index unless Moody's and S&P provide the Corporation with written confirmation that the use of such successor index will not adversely affect the then-current respective Moody's and S&P ratings of the AMPS.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Required Subordinated Amount of Class C Notes means, for the Class A(2022-2) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Percentage of Class B Notes means, for the Class A(2022-1) Notes, 6.96202532%, subject to adjustment in accordance with Section 2.02.

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • Trustee Float Period With respect to the Distribution Date and the related amounts in the Distribution Account, the period commencing on the Business Day immediately preceding such Distribution Date and ending on such Distribution Date.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Required Subordinated Amount means, as of a date, the sum of:

  • Required Subordinated Percentage of Class C Notes means, for the Class A(2022-1) Notes, 8.86075950%, subject to adjustment in accordance with Section 2.02.

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).

  • Required Subordinated Percentage of Class D Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Amount Available for Senior Principal As to any Distribution Date, Available Funds for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the Senior Certificates pursuant to Section 4.02(a)(ii).

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of: