Examples of Senior Lien Account in a sentence
The Tax Increment Account shall contain the following funds: the Senior Lien Account and the Subordinate Lien Account.The Senior Lien Account shall contain the Senior Lien Debt Service Account and may contain the Senior Lien Reserve Account.
A Senior Lien Account and a Second Lien Account of the Debt Service Fund are hereby created in the Debt Service Fund for the purpose of paying the principal of, premium, if any, and interest on the Bonds.
This would be surgery +/- radiotherapy, hormonal therapy, and /or biologic therapy.
Amounts credited to the 1997 Series One Reserve Subaccount shall be used only to pay Second Lien Parity Obligations that are secured by the 1997 Series One Reserve Subaccount, and only if Net Revenues (other than amounts in the Senior Lien Account, the Senior Lien Reserve Account and the Second Lien Reserve Account) are insufficient.
At the time of the issuance of the Senior Lien Parity Obligations there is no deficiency in the Senior Lien Account and all required deposits and transfers to the Senior Lien Reserve Account have been made.
The Senior Lien Parity Obligations shall be payable solely from the Net Revenues and amounts credited to the Senior Lien Account and the Senior Lien Reserve Account as provided in this Master Resolution.
EXPECTED APPLICATION OF 2006 BOND PROCEEDS Proceeds of the 2006 Bonds shall be deposited in (i) the Senior Lien Account of the Debt Service Reserve Fund to meet the Debt Service Reserve Requirement for the 2006 Bonds; and (ii) the Cost of Issuance Account in the Program Fund in an amount sufficient to pay costs of issuance of the 2006 Bonds.
The District hereby pledges the Net Revenues and the amounts credited to the Senior Lien Account and Senior Lien Reserve Account to pay the Senior Lien Parity Obligations.
Second, to Senior Lien Account or to pay costs of capital improvements to the Sewer System.
Transfers shall be made to the Senior Lien Account to pay Senior Lien Parity Obligations from the Net Revenues in the priority described in Section 4.A(2).