Parity Lien definition

Parity Lien means a Lien granted by a Security Document to the Collateral Trustee upon any property of the Company or any other Obligor to secure Parity Lien Obligations.

Parity Lien means a Lien granted to the Notes Collateral Agent or other Parity Lien Representative under any Parity Lien Indebtedness for the benefit of the holders thereof, at any time, upon the Collateral to secure Parity Lien Obligations.

Parity Lien means a Lien granted by a security document to the Collateral Trustee, at any time, upon any Collateral to secure Parity Lien Obligations.

Examples of Parity Lien in a sentence

• The establishment of priorities as among Bonds issued and Outstanding under the provisions of this Ordinance or as among the Bonds and other Parity Lien Bonds, without the consent of the Owners of all Bonds Outstanding; or F.

• Such lien also will be on parity with the lien thereon of the Owners of any Parity Lien Notes.

• For greater certainty, except pursuant to clauses (a), (b), (d), (f) and (g), the Issuer shall not be permitted to rely on any other clauses of this definition to create, incur, assume or otherwise cause or suffer to exist or become effective any Lien that is a Priority Lien or a Parity Lien.

• Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Parity Lien Intercreditor Agreement.

• Each of the limitations and other conditions pertaining to the issuance of the Bonds in the Project Act, the Bond Act and in any other acts of the State and the federal government has been met; and WHEREAS, each of the resolutions of the Board authorizing the issuance of the Parity Lien Bonds provide that Bonds may be issued having a lien on the revenues pledged therefor on a parity with the lien of the Parity Lien Bonds provided: A.

More Definitions of Parity Lien

Parity Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any other Pledgor to secure Parity Lien Obligations.

Parity Lien means a Lien granted under a Collateral Document to the Collateral Agent, at any time, upon any property of any Guarantor providing security to secure Parity Lien Obligations.

Parity Lien means a Lien granted to the Collateral Agent or other Parity Lien Representative under any Parity Lien Indebtedness for the benefit of the holders thereof, at any time, upon the Collateral to secure Parity Lien Obligations.

Parity Lien means a Lien granted by the Company or any Guarantor in favor of the Collateral Agent pursuant to a Security Document, at any time, upon any property of the Company or any Guarantor to secure Parity Lien Obligations.

Parity Lien means a Lien granted by the Company or any Subsidiary Guarantor in favor of the Collateral Trustee, at any time, upon any property of the Company or any Subsidiary Guarantor to secure the Parity Lien Obligations.

Parity Lien means any pledge, lien, security interest, encumbrance or charge of any kind on

Parity Lien means a Lien granted under or pursuant to a Parity Lien Document, at any time, upon any property of the Company or any Guarantor to secure Parity Lien Obligations.