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.

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

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.

Examples of Parity Debt in a sentence

• So long as there does not exist an event of default hereunder and subject to the conditions provided in the Indenture, the Lessee has the right to incur Parity Debt, on a parity with the Bonds, for paying costs of any improvements, completing any improvement, financing acquisitions or start-up costs of new programs and services, or refunding or advance refunding all or any portion of any series of Bonds or any Parity Debt, or any combination of such purposes.

• So long as any amount shall remain unpaid under this Lease, the Lessee will prepare and adopt an Annual Budget for each Fiscal Year covering the operation of the Project and all other operations of the Lessee, including the payment of all obligations under this Lease, any Parity Debt and any other Debt.

• Prior to the incurrence of any Parity Debt, the Lessee will provide evidence satisfactory to the Trustee that each of the conditions mandated by the Indenture for the issuance of Additional Bonds, Completion Bonds and Refunding Bonds, as the case may be, has been satisfied and will deliver to the Trustee the instruments and documents required to demonstrate such compliance.

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 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 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.

Parity Debt means any bonds, notes or other obligations that are payable from and secured by a lien on Tax Revenues that is on parity with the lien under this Indenture.

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 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.