Examples of Parity Debt Documents in a sentence
The City shall observe and perform all of the covenants, agreements and conditions on its part required to be observed and performed under the Parity Debt Documents.
Installment Payments payable pursuant to Section 3.01 above and payments with respect to Parity Debt shall be paid in accordance with the terms hereof andthe terms of the Parity Debt Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
In addition, if Parity Debt is issued in the future, the City shall withdraw from the Water Fund such amounts of Net Revenues at such times as required to pay the principal of and interest on such Parity Debt and otherwise comply with the provisions of Parity Debt Documents, which may include using the services of a trustee or paying agent through which the debt service on such Parity Debt and the Installment Payments shall be made.
The City shall not take any action which constitutes an event of default under and as defined in any Parity Debt Documents, and shall not take any action which, if not cured, with the passage of time would constitute an event of default under and as defined any Parity Debt Documents.
The Net Proceeds collected by the District from insurance against accident to or destruction of any portion of the Wastewater System shall be used to repair or rebuild such damaged or destroyed portion of the Wastewater System, and to the extent not so applied, shall be applied on a pro rata basis to redeem the Bonds and any Parity Debt in accordance with this Indenture and the related Parity Debt Documents.