Recovery and Parity Debt Account definition

Recovery and Parity Debt Account or “Recovery Account” means the Account established under the Indenture to provide for the payment of Debt Service on Recovery Obligations and Parity Debt.
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Recovery and Parity Debt Account or “Recovery Account” means the Account held by the Trustee pursuant to Section 507(a).
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Examples of Recovery and Parity Debt Account in a sentence

  • Recovery and Parity Debt Account; School Bond Account 30 Section 508.

  • The following terms, among others, are defined in the Indenture or the Agreement: ‘‘Accounts’’ means the Recovery and Parity Debt Account, Collection Account, the Bond Account and the Redemption Account.

  • In accordance with the Indenture, the Authority will deposit from Tax Revenues and earnings thereon the following amounts into the Sinking Fund in the Recovery and Parity Debt Account, which amounts are to be applied to the payment of the principal amount of the Subseries A-2 Bonds at maturity, as follows: * Final deposit.

  • The Authority will provide a certification to this effect at the request of a purchaser of Subseries F-2 Bonds.In accordance with the Indenture, the Authority will deposit from Tax Revenues and earnings thereon the following amounts into the Sinking Fund in the Recovery and Parity Debt Account, which amounts are to be applied to the payment of the principal amount of the Subseries F-2 Bonds at maturity, as follows: 2033 7,305,000** Final deposit.

  • In accordance with the Indenture, the Authority will deposit from Tax Revenues and earnings thereon the following amounts into the Sinking Fund in the Recovery and Parity Debt Account, which amounts are to be applied to the payment of the principal amount of the Subseries D-2 Bonds at maturity, as follows: November 1, Sinking Fund Requirement2028$24,390,000202937,805,000 2030 37,805,000(1)(1) Final deposit.

Related to Recovery and Parity Debt Account

  • Parity Debt means Recovery Obligations and Bonds or Notes payable from the Recovery and Parity Debt Account on a parity with the Recovery Bonds or Recovery Notes, respectively.

  • Priority Debt means the sum, without duplication, of (i) Indebtedness of the Borrower or any Guarantor secured by a Lien (other than the Liens entered into under the Loan Documents, including the Security Documents) and (ii) all Indebtedness of any Subsidiary that is not a Guarantor.

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.