Parity Bond Ordinance definition

Parity Bond Ordinance means any ordinance passed by the City Council providing
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Parity Bond Ordinance means any ordinance or resolution passed or adopted by the City
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Parity Bond Ordinance means any ordinance authorizing the issuance of
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Examples of Parity Bond Ordinance in a sentence

  • In compliance with the Tax Ordinance, all of the Net Revenues of the Tax shall continue to be set aside in a separate fund, as provided in the Outstanding Parity Bond Ordinance and as herein provided and shall be and remain pledged for the security and payment of the Bonds and the Outstanding Parity Bonds in principal and interest and for all other payments provided for in this Bond Ordinance until the Bonds and the Outstanding Parity Bonds shall have been fully paid and discharged.

  • The Issuer recognizes the Owners of the Outstanding Parity Bonds have certain contractual rights with respect to the Net Revenues of the Tax by virtue of the provisions of the Outstanding Parity Bond Ordinance, authorizing the issuance of the Outstanding Parity Bonds.

  • All of the Revenues of the Tax shall be set aside in a separate fund, as providing in the Outstanding Parity Bond Ordinance and as herein provided, and shall be and remain pledged for the security and payment of the Bonds and the Outstanding Parity Bonds in principal and interest and for all other payments provided for in this Bond Ordinance until the Bonds and the Outstanding Parity Bonds shall have been fully paid and discharged.

  • The Issuer recognizes the Owners of the Outstanding Parity Bonds have certain contractual rights with respect to the Tax by virtue of the provisions of the Outstanding Parity Bond Ordinance, authorizing the issuance of the Outstanding Parity Bonds.

  • The Bonds shall be issued pursuant to and in accordance with the terms of the Outstanding Parity Bond Ordinance.

  • All of the avails or proceeds of the Tax shall be set aside in a separate fund, as provided herein and in the Outstanding Parity Bond Ordinance, and shall be and remain pledged for the security and payment of the Bonds in principal and interest and for all other payments provided for in this Bond Ordinance until the Bonds shall have been fully paid and discharged.

  • The Issuer recognizes the Owners of the Outstanding Parity Bonds have certain contractual rights with respect to the Net Revenues and Sales Tax Revenues by virtue of the provisions of the Outstanding Parity Bond Ordinance, authorizing the issuance of the Outstanding Parity Bonds.

  • The occurrence and continuance of an “event of default,” as defined in any Parity Bond Ordinance.

  • The Bonds are hereby issued on a parity with the Outstanding Parity Bonds, and the Bonds shall rank equally with and shall enjoy complete parity of lien with the Outstanding Parity Bonds on all of the Net Revenues of the Tax or other funds specially applicable to the payment of the Outstanding Parity Bonds, including funds established by the Outstanding Parity Bond Ordinance.

  • Neither the Gross Revenue nor the Net Revenue shall be pledged by the City to the payment of any obligations of a separate utility system except that the Net Revenue may be pledged on a basis subordinate to that provided for the payment of the principal of and interest on the Parity Bonds, all payments to be made under a reimbursement agreement with respect to an Alternate Security, and all payments required to be made into the Reserve Account under any Parity Bond Ordinance.


More Definitions of Parity Bond Ordinance

Parity Bond Ordinance means any ordinance or resolution duly enacted by the City
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Parity Bond Ordinance means the ordinance adopted by the Governing Authority on February 11, 2003, authorizing the issuance of the Outstanding Parity Bonds.
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Parity Bond Ordinance means, collectively, the Series 1998 Ordinance, the Series 2000 Ordinance, the Series 2005A Ordinance, the Series 2005B Ordinance, the Series 2005C Ordinance, the Series 2006 Ordinance, the Series 2008A Ordinance, the Series 2009 Ordinance, the Series 2010 Ordinance, the Series 2011A Ordinance, the Bond Ordinance and this Resolution authorizing the Series 2012A Bonds, and any subsequent ordinance of the City authorizing the issuance of Parity Bonds.
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Parity Bond Ordinance means, collectively, each ordinance of the County authorizing the issuance of Parity Bonds.
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Related to Parity Bond Ordinance

  • 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;

  • Air pollution means the presence in the outdoor atmosphere of one or more air contaminants in sufficient quantities, and of such characteristics and duration as is, or is likely to be, injurious to human health, plant or animal life, or property, or which unreasonably interferes with enjoyment of life and property. For the purposes of this chapter, air pollution shall not include air contaminants emitted in compliance with chapter 17.21 RCW, the Washington Pesticide Application Act, which regulates the application and control of the use of various pesticides.

  • National Pollutant Discharge Elimination System (NPDES) means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring, and enforcing permits and imposing and enforcing pretreatment requirements, under Sections 307, 318, 402, and 405 of CWA. The term includes an approved program.