Parity Indebtedness definition

Parity Indebtedness means, collectively, the Parity Bonds and Parity Obligations.

Parity Indebtedness means (i) any class or series of the Partnership’s indebtedness currently outstanding or hereafter created which expressly ranks on a parity with the Partnership’s guarantee of the Notes and (ii) any class or series of the Issuer’s indebtedness currently outstanding or hereafter created which expressly ranks on a parity with the Notes.

Parity Indebtedness means obligations issued in compliance with Section 5 of this Declaration which are secured by a lien on, and pledge of, the Security which is on a parity with the lien on, and pledge of, the Security which secures the 2004 Series A Bonds.

Examples of Parity Indebtedness in a sentence

• No later than three Business Days after the termination of the Offer Period (the “Purchase Date”), the Company shall apply a portion of the Excess Proceeds as calculated pursuant to Section 4.14 hereof (the “Offer Amount”) to the purchase of Securities and such other Parity Indebtedness (on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Securities and other Parity Indebtedness tendered in response to the Asset Sale Offer.

• If the aggregate principal amount of Securities and other Parity Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Company shall select the Securities and such other Parity Indebtedness to be purchased on a pro rata basis.

• If the aggregate principal amount of Notes and other Parity Indebtedness surrendered by holders thereof exceeds the amount of Excess Proceeds, the Company shall select the Notes and other Parity Indebtedness to be purchased on a pro rata basis.

• The following transfers shall be made on a parity of lien basis with the transfers and requirements of the Bond Resolution with respect to any Parity Indebtedness, and the term Parity Obligations shall be substituted for Bonds, as appropriate.

• Table 5 shows the number of si- multaneous failures, the number of failure patterns, and the number of failure states belonging to each cluster number (maximum number = 5).CLOUDIAN HYPERSTORE can set a duplication pol- icy for each bucket.

More Definitions of Parity Indebtedness

Parity Indebtedness means the 2081 Notes, the Issuer and Partnership’s guarantee obligations in respect of the Perpertual Notes and any other class or series of the Partnership’s indebtedness currently outstanding or hereafter created which ranks on a parity with the Partnership’s guarantee of the Notes (prior to any Automatic Exchange) as to distributions upon liquidation, dissolution or winding-up.

Parity Indebtedness means Indebtedness of the Company secured on a parity basis with the Bonds, except to the extent provided in Section 8.13 of the Loan Agreement.

Parity Indebtedness means the 2081 Notes and any other class or series of the Partnership’s indebtedness currently outstanding or hereafter created which ranks on a parity with the Partnership’s guarantee of the Notes as to distributions upon liquidation, dissolution or winding-up.

Parity Indebtedness means, collectively or individually, as the context requires, the Parity Bonds and the Parity Obligations.

Parity Indebtedness for the 4.875% Notes means (i) any class or series of BEP’s indebtedness outstanding as of December 9, 2021 or thereafter created which expressly ranks on a parity with BEP’s guarantee of the 4.875% Notes and (ii) any class or series of the Issuer’s indebtedness outstanding as of December 9, 2021 or thereafter created which expressly ranks on a parity with the 4.875% Notes.

Parity Indebtedness means any Indebtedness issued under Section 7.07 of the Resolution, as described in this Appendix under the caption “Parity Indebtedness.”

Parity Indebtedness for the 4.625% Notes means (i) any class or series of BEP’s indebtedness outstanding as of April 15, 2021 or thereafter created which expressly ranks on a parity with BEP’s guarantee of the 4.625% Notes and (ii) any class or series of the Issuer’s indebtedness outstanding as of April 15, 2021 or thereafter created which expressly ranks on a parity with the 4.625% Notes.