Parity Lien Bonds definition

Parity Lien Bonds means the Outstanding 2013 Bonds and the2015 Bonds.
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Parity Lien Bonds means one or more additional series of bonds, notes or obligations having a lien on the Net Pledged Revenue which is on a parity with the lien of the 2011 CWRPDA Financing, the Series 2016 Bonds and the Bond.
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Parity Lien Bonds means any bonds or other obligations (which may or may not be multiple fiscal year financial obligations) permitted to be issued pursuant to the section hereof titled “Conditions to Issuance of Parity Lien Bonds,” with a lien on the Sales Tax that is equal and on a parity with the lien of the Bonds on the Sales Tax.
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Examples of Parity Lien Bonds 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.

  • 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.

  • To the extent the Reserve Fund has been established, a deposit is made to the Reserve Fund so that the balance therein on the date of delivery of the Parity Lien Bonds equals the Required Reserve.

  • The Issuer shall not authorize or issue any additional bonds or other securities with a lien on the Net Pledged Revenues which is superior to the lien of the Parity Lien Bonds or superior to the lien of any bonds or other securities issued with a lien on a parity with the Parity Lien Bonds.

  • This means that we can use the propositional translations defined in subsequent sections.


More Definitions of Parity Lien Bonds

Parity Lien Bonds means one or more series of additional bonds, notes, interim securities or other obligations issued by the City pursuant to the Section hereof entitled “Additional Bonds” having a lien on the Net Revenue which is on a parity with the lien of the Bonds.
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Parity Lien Bonds or "Parity Securities" means the Outstanding 2011A Bonds,
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Parity Lien Bonds means any bonds or other obligations permitted to be issued pursuant to the section hereof entitled “Conditions to Issuance of Parity Lien Bonds,” with a lien that is equal and on a parity with the lien of the Bonds on the Pledged Revenues and the moneys on deposit from time-to-time in the Park and Recreation Fund.
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Parity Lien Bonds or "Parity Securities" means the Outstanding 2008A Bonds,
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Parity Lien Bonds or "Parity Securities" means the Outstanding 2012A Bonds,
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Parity Lien Bonds means all bonds or other obligations payable from Net Pledged Revenues on a parity with the Series 2018 Bond.
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Parity Lien Bonds means bonds, notes, certificates, contracts or other obligations issued in accordance with Section 11 of the Series 2011 Bond Ordinance, payable in whole or in part from the Pledged Revenues and having a lien thereon or a parity with the lien of the Series 2011 Bonds.
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