Parity Debt definition

Parity Debt means Recovery Obligations and Bonds or Notes payable from the Recovery and Parity Debt Account on a parity with the Recovery Bonds or Recovery Notes, respectively.

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Parity Debt means any Debt issued or incurred by or on behalf of the Borrower and secured on a parity with the Lien on the Collateral securing the payment of the principal and purchase price of and interest on the Note and the Loan Obligations.

Parity Debt means any debt obligations issued that are on an equal commercial lien position with this Loan.

Examples of Parity Debt in a sentence

• The City agrees to disclose promptly to the Lender each Relevant Agreement including without limitation each standby bond purchase agreement, credit agreement, reimbursement agreement, bond purchase agreement, continuing covenant agreement, or other agreement or instrument (or amendment, supplement or modification thereto) under which, directly or indirectly any person or persons undertake to make or provide funds to purchase any Parity Debt issued by the City.

• A Certificate regarding Parity Debt as required by the 2005 Indenture.

• The City shall not take or permit any action, under the Ordinances, the Resolutions, the Notes, or any other Financing Documents or under any Parity Debt otherwise inconsistent with or impairing the rights, remedies, security or interests of the Lender or any Noteholder under this Agreement including, without limitation, the obligation of the City to pay any obligations owed to the Lender or any Noteholder.

More Definitions of Parity Debt

Parity Debt means any additional bonds, loans, advances or indebtedness issued or incurred by the Successor Agency on a parity with the 2018 Bonds pursuant to Section 3.05, whether issued as Bonds under a Supplemental Indenture or issued under a Parity Debt Instrument.

Parity Debt means Indebtedness of the Borrower (a) (other than the Notes) incurred in accordance with clauses (i), (ii) and (iii) of Section 7B.2 and (b) Additional Parity Debt.

Parity Debt means any Debt or obligation under Swap Contract issued, incurred or entered into by or on behalf of the County and which is a general obligation of the County payable from the General Fund of the County.

Parity Debt means all Payment Obligations and any Indebtedness of the City, in each case, having an equal Lien and charge upon the Surplus Revenues and therefore payable on a parity with the Covered Notes (whether or not any Covered Notes are Outstanding).

Parity Debt means the Bonds and any Indebtedness, installment sale obligation, lease obligation or other obligation of the Agency having an equal lien and charge upon the Subordinate Housing Set-Aside Amounts and therefore payable on a parity with the Bonds or an obligation of the Agency the regularly scheduled payments of which are payable on a parity with the Bonds.

Parity Debt means any additional tax allocation bonds, notes, interim certificates, debentures or other obligations issued by the Successor Agency as permitted by this Indenture payable out of Tax Revenues and ranking on a parity with the Bonds.

Parity Debt means any obligations of the Enterprise payable from and with a lien on the Net Pledged Revenues on a parity basis with the 2019 Note and the 2020 Note.