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.

Parity Lien Bonds means the Outstanding 2013 Bonds and the2015 Bonds.

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 Base Sales and Use Tax that is equal and on a parity with the lien of the Bonds on the Base Sales and Use Tax.

Examples of Parity Lien Bonds in a sentence

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.
Seven factors emerged in the results, and no single factor explained the total variance of the variables more than 26.4%.
At the time of the adoption of the supplemental instrument authorizing the issuance of the additional securities as provided in Section 712 hereof, the Issuer shall not be in default in making any payments required by article V hereof or the bond resolutions for the other Parity Lien Bonds.
Unless the Issuer is not in default in making any payments required by Article V hereof or the bond resolutions for the Parity Lien Bonds and the Issuer has met the earnings tests set forth in the bond resolutions for the Parity Lien Bonds, but excluding from any computation thereunder the bonds to be refunded and redeemed and which shall forthwith upon the issuance of the refunding bonds be no longer Outstanding.
The Parity Lien Bonds constitute an irrevocable and prior lien (but not necessarily an exclusively prior lien) upon the Net Pledged Revenues superior to the lien thereon of the Subordinate Lien Bonds.

More Definitions of Parity Lien Bonds

Parity Lien Bonds means all bonds or other obligations payable from Net Pledged Revenues on a parity with the Series 2018 Bond.

Parity Lien Bonds means the Series 2017A Bonds and Additional Bonds issued as provided inSection 209 hereof.

Parity Lien Bonds or "Parity Securities" means the Outstanding 2008A 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.

Parity Lien Bonds or "Parity Securities" means the Outstanding 2012A Bonds,

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.

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 parity with the lien of the Bonds on the Net Pledged Wastewater Revenue..