Senior Lien Debt Service Fund definition

Senior Lien Debt Service Fund means the fund of that name established pursuant to Section 7.05 hereof.
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Senior Lien Debt Service Fund means the Series 2013 Senior Lien Debt Service Fund and any other fund established pursuant to a Supplemental Indenture in accordance with the provisions of Section 8.2(a)(1)(F) for the payment of Debt Service on Senior Lien Obligations.
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Senior Lien Debt Service Fund means the Senior Lien Debt Service Fund established pursuant to Section 504(a) of, and as defined in, the Indenture.
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Examples of Senior Lien Debt Service Fund in a sentence

  • A separate Subaccount to be held by the Trustee is hereby created within the Senior Lien Principal Account of the Senior Lien Debt Service Fund to be designated as the “Series 2017 Subaccount of the Senior Lien Principal Account.” Amounts in the Series 2017 Subaccount of the Senior Lien Principal Account will be disbursed to pay principal of the Series 2017 Bonds pursuant to the Indenture and this First Supplemental Indenture.

  • This Policy applies to all the financial assets of the Authority including: - Pledged Revenue Fund- Senior Lien Debt Service Fund- Senior Lien Reserve Fund- Subordinate Lien Debt Service Fund- Subordinate Lien Reserve Fund- Project Fund- Rebate Fund Other funds received by the Authority are included under this Policy unless specifically excluded by the Authority Board.

  • A separate Subaccount to be held by the Trustee is hereby created within the Senior Lien Interest Account of the Senior Lien Debt Service Fund to be designated as the “Series 2017 Subaccount of the Senior Lien Interest Account.” Amounts in the Series 2017 Subaccount of the Senior Lien Interest Account shall be disbursed to pay interest on the Series 2017 Bonds pursuant to the Indenture and this First Supplemental Indenture.

  • Investment earnings on deposit in, or transferred to, a Senior Lien Debt Service Fund shall be credited against the required deposits.

  • The Authority hereby grants a lien on such Net Operating Revenues in the Operating Fund and further grants a lien on the money and investments held in the Senior Lien Debt Service Fund and any other fund so designated in any Supplemental Resolution to secure the payment of the principal of and interest on, Maturity Amount, and, redemption premium, if any, on all Senior Lien Obligations and all expenses of providing for their full and timely payment in accordance with their terms.

  • The Regulatory and Appeals Committee would continue to consider strategically significant and major applications.The Committee resolved to carry out a consultation with Council Members, Town & Parish Councils and Civic Societies within the Bradford District.

  • The DSP Senior Lien Debt Service Reserve Fund is used to pay the principal of and interest on the DSP Senior Lien Obligations when and to the extent the amounts in the DSP Senior Lien Debt Service Fund available for such payment are insufficient for such purpose, and may be used for the purpose of finally retiring the last of the DSP Senior Lien Obligations.

  • Notwithstanding the foregoing, if and to the extent so directed by an Authorized Department Representative, the interest accruing on and any profit realized from the investment of moneys in any fund or account, other than the Senior Lien Debt Service Fund or Subordinate Lien Debt Service Fund, shall be credited to the Rebate Fund.

  • Amounts on deposit in the 2005 TxDOT Grant Fund shall be transferred by the Trustee from time to time in accordance with a Letter of Instruction from the Authority to the Operating Fund or the Senior Lien Debt Service Fund.

  • The Series 2013 Senior Lien Obligations are additionally secured by and payable from the Series 2013 Senior Lien Trust Estate, which consists of the Series 2013 Senior Lien Debt Service Fund and the Series 2013 Senior Lien Reserve Fund to be established under the Indenture; WHEREAS, the Series 2013 Senior Lien Obligations also will be secured by a financial guaranty insurance policy (the "Warrant Insurance Policy") to be issued by Assured Guaranty Municipal Corp.


More Definitions of Senior Lien Debt Service Fund

Senior Lien Debt Service Fund means the fund so designated and created inSection
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Senior Lien Debt Service Fund means the fund so designated and created in Section 5.3 of the Master Resolution.
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Senior Lien Debt Service Fund means the fund created and so designated pursuant to Section 4.2.
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Related to Senior Lien Debt Service Fund

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Priority Lien Debt means Indebtedness of the Company and the Subsidiary Guarantors under the Priority Lien Credit Agreement (including reimbursement obligations with respect to letters of credit).

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • First Lien Debt means the Initial First Lien Debt and any Additional First Lien Debt.

  • Net Liquidation Proceeds After Debt Service means, with respect to any Liquidation Event, all amounts paid to or received by or on behalf of Borrower, Senior Mezzanine Borrower or Mortgage Borrower in connection with such Liquidation Event, including, without limitation, proceeds of any sale, refinancing or other disposition or liquidation, less (a) Lender’s, Senior Mezzanine Lender’s and/or Mortgage Lender’s reasonable costs incurred in connection with the recovery thereof, (b) amounts required or permitted to be deducted therefrom and amounts paid pursuant to the Mortgage Loan Documents and Senior Mezzanine Loan Documents to Mortgage Lender and/or Senior Mezzanine Lender (as applicable), (c) in the case of a foreclosure sale, disposition or Transfer of any Individual Property in connection with realization thereon following a Mortgage Loan Event of Default, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (d) in the case of a foreclosure sale, disposition or Transfer of any Senior Mezzanine Collateral in connection with realization thereon following a Senior Mezzanine Loan Default under any Senior Mezzanine Loan Documents, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (e) in the case of a foreclosure sale, such costs and expenses incurred by Mortgage Lender under the Mortgage Loan Documents as Mortgage Lender shall be entitled to receive reimbursement for under the terms of the Mortgage Loan Documents, (f) in the case of a foreclosure sale, such costs and expenses incurred by Senior Mezzanine Lender under the Senior Mezzanine Loan Documents as Senior Mezzanine Lender shall be entitled to receive reimbursement for under the terms of the Senior Mezzanine Loan Documents, (g) in the case of a refinancing of the Mortgage Loan and/ Senior Mezzanine Loan, such costs and expenses (including attorneys’ fees) of such refinancing as shall be reasonably approved by Lender, Mortgage Lender and/or Senior Mezzanine Lender, and (h) the amount of any prepayments required pursuant to the Mortgage Loan Documents, Senior Mezzanine Loan Documents and/or the Loan Documents, in connection with any such Liquidation Event.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Second Lien Debt means the indebtedness under the Second Lien Indenture Notes issued on the date hereof and guarantees thereof and all additional indebtedness incurred under any Additional Second Lien Documents and all additional indebtedness in respect of Additional Notes and guarantees thereof, in each case, that was permitted to be incurred and secured in accordance with the Secured Debt Documents and with respect to which the requirements of Section 4.04(b) have been (or are deemed) satisfied, and all Indebtedness incurred under any Second Lien Substitute Facility.

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • 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.

  • Series of Junior Lien Debt means, severally, each issue or series of Junior Lien Debt for which a single transfer register is maintained.

  • Series of Parity Lien Debt means, severally, the Notes and each other issue or series of Parity Lien Debt for which a single transfer register is maintained.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Debt Service means, with respect to any particular period of time, the scheduled principal and interest payments due under this Agreement and the Note.

  • Subordination Depletion Date The Distribution Date preceding the first Distribution Date on which the Class A Percentage (determined pursuant to clause (ii) of the definition thereof) equals or exceeds 100%.

  • Series of Priority Lien Debt means, severally, the Indebtedness outstanding under the Credit Agreement and any other Credit Facility that constitutes Priority Lien Debt.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.