Senior Lien Parity Bonds definition

Senior Lien Parity Bonds means any additional pari passu indebtedness hereafter issued by the City pursuant to Section 2.06 of this General Bond Ordinance and a Series
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Senior Lien Parity Bonds means all bonds or obligations of the Regents now outstanding or hereafter issued or outstanding payable from and constituting a first lien on the Pledged Revenues on a parity with the outstanding Series 2010B Bonds, the Series 2010C Bonds, the Series 2010D Bonds, the Series 2013A Bonds, the Series 2013B Bonds, the Series 2017A Bonds, the Series 2017B Bonds, and the Series 2017C Bonds.
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Senior Lien Parity Bonds means the Series 2014 Bonds, together with any Additional Senior Lien Parity Bonds.
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Examples of Senior Lien Parity Bonds in a sentence

  • Moreover, without the consent of the Owner of each Senior Lien Parity Bond then Outstanding, no modification, change or amendment to this Indenture shall permit the creation of any lien on the revenues pledged hereunder equal or prior to the lien hereof, or reduce the aggregate principal amount of Senior Lien Parity Bonds, the Owners of which are required to approve any such modification, change or amendment of this Indenture.

  • The amounts in the Senior Reserve Accounts (other than the interest income thereon, which shall be transferred either to (i) the Senior Lien Debt Service Fund or (ii) the Construction Fund during the Construction Period) shall be pledged to the payment of the Series of Senior Lien Parity Bonds to which they are pledged.

  • The Senior Reserve Accounts shall constitute trust funds which shall be held in trust for only the Owners of such particular Series of Senior Lien Parity Bonds to which they are pledged.

  • The Authority reserves the right to issue Additional Senior Lien Parity Bonds which are not secured by the Reserve Accounts; provided that the Authority may create a separate account within the Senior Lien Debt Service Reserve Fund for the benefit of any such Series of Senior Lien Parity Bonds, the proceeds of which account (other than the interest income thereon, which may be transferred to the Pledged Revenue Fund) shall be pledged to the payment of such Series.

  • Within the Senior Lien Debt Service Fund, one or more accounts or subaccounts may be created pursuant to the Supplemental Indentures for any Series of Senior Lien Parity Bonds (“Debt Service Accounts” or such other term as further designated in the Supplemental Indentures).

  • The Trustee may be removed, with or without cause, at any time by an instrument or concurrent instruments in writing, filed with the Trustee, and signed by the Owners of at least a majority in aggregate principal amount, of the Senior Lien Parity Bonds then Outstanding or their attorneys-in-fact duly authorized.

  • The Authority reserves the right to issue, from time to time, one or more series of Obligations as “Short-Term Obligations;” provided, however, that no such Short-Term Obligations may be issued as Senior Lien Parity Bonds without satisfying the applicable provisions of Section 3.03 above.


More Definitions of Senior Lien Parity Bonds

Senior Lien Parity Bonds means any additional pari passu indebtedness hereafter issued by the City pursuant to Section 2.06 of this General Bond Ordinance and a Series Ordinance, and secured by a senior lien on the Net Revenues. Senior Lien Parity Bonds may be in the form of bonds, notes, certificates, loan agreements or other written obligations for the repayment of borrowed money.
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Related to Senior Lien Parity Bonds

  • Junior Lien Priority means Indebtedness that is secured by a Lien on the Collateral that is junior in priority to the Liens on the Collateral securing the First Lien Note Obligations and is subject to a Junior Lien Intercreditor Agreement (it being understood that junior Liens are not required to rank equally and ratably with other junior Liens, and that Indebtedness secured by junior Liens may be secured by Liens that are senior in priority to, or rank equally and ratably with, or junior in priority to, other Liens constituting junior Liens).

  • Parity Bonds means bonds payable from the revenues of the System other than the Bonds but issued on a parity and equality with the Bonds pursuant to the restrictive provisions of Section 11 of this Resolution;

  • 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.

  • Pari Passu Lien Priority means, relative to specified Indebtedness, having equal Lien priority on specified Collateral and either subject to the Intercreditor Agreement on a substantially identical basis as the holders of such specified Indebtedness or subject to intercreditor agreements providing holders of the Indebtedness intended to have Pari Passu Lien Priority with substantially the same rights and obligations that the holders of such specified Indebtedness have pursuant to the Intercreditor Agreement as to the specified Collateral.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Junior Lien Indebtedness means any Indebtedness (other than any ABL Facility) that is secured by a junior Lien to the Lien securing the Secured Obligations and that was permitted to be incurred and so secured hereunder.

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • 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.

  • Lien Priority means with respect to any Lien of the ABL Secured Parties or the Term Secured Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1.

  • Parity Lien Obligations means Parity Lien Debt and all other Obligations in respect thereof.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.