Parity Bond definition

Parity Bond means any obligation that is secured by the Net Revenues on an equal basis with the Bonds and is issued in accordance with Section 7.

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Parity Bond means, generally, any bond or obligation secured by a lien and charge on

Parity Bond means the Series 2021 Bond and any obligation that is secured by the Net Revenues on an equal basis with the Bonds and is issued in accordance with Section 7.

Examples of Parity Bond in a sentence

All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond or Parity Bond and the interest thereon to the extent of the sum or sums to be paid.
Interest on any Bond or Parity Bond shall be paid to the person whose name shall appear in the Bond Register as the Owner of such Bond or Parity Bond as of the close of business on the Record Date.
If less than all of the Bonds or Parity Bonds Outstanding are to be redeemed, the portion of any Bond or Parity Bond of a denomination of more than $5,000 to be redeemed shall be in the principal amount of $5,000 or an integral multiple thereof.
Any request or consent of the Owner of any Bond or Parity Bond shall bind every future Owner of the same Bond or Parity Bond in respect of anything done or suffered to be done by the Trustee or the District in pursuance of such request or consent.
If any Bond or Parity Bond shall become mutilated, the District shall execute, and the Trustee shall authenticate and deliver, a new Bond or Parity Bond of like tenor, date, issue and maturity in exchange and substitution for the Bond or Parity Bond so mutilated, but only upon surrender to the Trustee of the Bond or Parity Bond so mutilated.
Every mutilated Bond or Parity Bond so surrendered to the Trustee shall be cancelled by the Trustee pursuant to Section 10.1 hereof.
Interest shall be payable on each Bond and Parity Bond from the date established in accordance with Section 2.5 below on each Interest Payment Date thereafter until the principal sum of that Bond or Parity Bond has been paid; provided, however, that if at the maturity date of any Bond funds are available for the payment or redemption thereof in full, in accordance with the terms of this Indenture, such Bonds and Parity Bonds shall then cease to bear interest.
The Municipality agrees that it will not take any action that would result in the Loan no longer remaining at least a Parity Obligation as defined in the WIFIA Credit Agreement and a Parity Obligation as defined in the Parity Bond Resolutions.
This Credit Agreement will be construed and enforced in accordance with applicable federal law, the laws of the State of Colorado, the City Charter and any applicable resolution of the Board, including but not limited to the Master (Parity) Bond Resolution.
The Master (Parity) Bond Resolution and the City Charter are expressly incorporated into this Credit Agreement.

More Definitions of Parity Bond

Parity Bond or “Parity Bonds” shall mean bonds authorized to be issued in series and installments from time to time under and secured by the lien established in favor of Senior Lien Obligations pursuant to this Master Resolution.

Parity Bond means any obligation that is issued in compliance with Section 6 and is secured on a parity with the 2016 Agreement by the Net Revenues that are available to be deposited in the Bond Account.