Examples of Previously Issued Parity Obligations in a sentence
A portion of the outstanding Previously Issued Parity Obligations constitutes Tuition Revenue Bonds that currently qualify the University to be reimbursed from State appropriations for debt service payments made by the University on such obligations.
Sections 7 through 18 of this Ordinance substantially restate, and are supplemental to and cumulative of, Sections 7 through 18 of the ordinance authorizing the issuance of the Previously Issued Parity Obligations, so that Sections 7 through 18 of this Ordinance are applicable to all Parity Obligations, including any future Additional Parity Obligations, and state all requirements with respect thereto.
See “SUMMARY OF CERTAIN PROVISIONS OF THE RESOLUTION” and “APPENDIX A - DEFINITIONS.” Pledge Under Resolution The Bonds, the currently Outstanding Previously Issued Parity Obligations, and any additional obligations hereafter issued on a parity with the Bonds (referred to herein collectively as “Parity Obligations”) are special obligations of the Board equally and ratably secured solely by and payable solely from a pledge of and lien on the Pledged Revenues as described below.
The Bonds are "Additional Parity Obligations" issued pursuant to applicable sections of the ordinance authorizing the issuance of the Previously Issued Parity Obligations, and are in all respects on a parity with the Previously Issued Parity Obligations.