Senior Trust Agreement definition

Senior Trust Agreement means that certain trust agreement, dated as of March 1, 2008, as the same may be supplemented and amended from time to time, between the District and The Bank of New York Mellon Trust Company, N.A., as successor Trustee.

Senior Trust Agreement means the Trust Agreement dated as of July 1, 1986 by and between the Authority and the Senior Trustee as supplemented, amended or otherwise modified from time to time in accordance with the terms hereof and thereof.

Senior Trust Agreement has the meaning ascribed to such term in the recitals hereto. “Senior Trustee” has the meaning ascribed to such term in the recitals hereto.

Examples of Senior Trust Agreement in a sentence

• The Other Obligations are special obligations of the Authority which constitute Fees and Expenses under the Senior Trust Agreement and are payable from Pledged Revenues pursuant to the terms of the Senior Lien Trust Agreement after deposits with respect to the Subordinate Obligations and before deposits with respect to the Junior Subordinate Obligations.

• The Senior Trust Agreement requires HRSD to fund a Debt Service Reserve Fund when certain debt service coverage and liquidity ratios are not met.

• The Holder further represents that it is an “accredited investor” within the meaning of Regulation D under the Securities Act.

• All insurers of the Senior Bonds have consented to exclude CFCs from the definition of Gross Revenues pledged under the Senior Trust Agreement.

• Resolution No. 2015-109 authorizes the re-pledging of Authority CFC Entitlement Revenues to secure bonds issued under the codified and restated Senior Trust Agreement; approving the form and authorizing the execution of a Supplemental Trust Agreement to pledge such revenues; providing certain findings with respect to the foregoing; providing certain other details with respect thereto; and providing an effective date.

• Indebtedness secured by the Trust Agreement is in all respects subordinate and inferior to the lien thereon of indebtedness (“Senior Obligations”) secured by that certain trust agreement, dated as of March 1, 2008 (as the same may be amended and supplemented from time to time, the “Senior Trust Agreement”), between the District and The Bank of New York Mellon Trust Company, N.A., as trustee (in such capacity, the “Senior Trustee”), outstanding under the Senior Trust Agreement.

• Certain other conditions to the release of CFCs from Gross Revenues as set forth in the Senior Trust Agreement will be satisfied before the CFC Bonds are issued.

• The 2021 Bond shall have such other terms and conditions as are set forth in the Senior Trust Agreement effective as of November 7, 2018 as amended from time to time (the “Senior Trust Agreement”), and as set forth in the 2021 Supplemental Trust Agreement (including the Bond forms attached thereto) to be executed concurrently with the delivery of the Bond (the “2021 Supplemental Trust Agreement”), an unsigned copy of which is attached hereto as Exhibit A.

• For purposes of this Section 3.05, Maximum Annual Debt Service shall be calculated (i) for Senior Obligations and Subordinate Obligations, as provided in the Senior Trust Agreement, and (ii) for Junior Subordinate Bonds and Junior Subordinate Obligations, as provided in this Trust Agreement.

• The Junior Subordinate Bonds issued hereunder shall be secured and payable as Junior Subordinate Bonds pursuant to this Trust Agreement and as Junior Subordinate Obligations pursuant to the Senior Trust Agreement.

More Definitions of Senior Trust Agreement

Senior Trust Agreement means (i) initially, the JetBlue Airways (Spare Parts (G-1) Pass Through Trust Agreement, dated as of November 14, 2006 pertaining to the Class G-1 Certificates and (ii) each subsequent JetBlue Airways (Spare Parts) Pass Through Trust Agreement pertaining to any subsequent Class of Senior Certificates, in each case as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. "Senior Trust Agreements" has a correlative meaning.

Senior Trust Agreement means that certain trust agreement, dated as of March 1, 2008, as the same may be supplemented and amended from time to time, between the District and The Bank of New York Mellon Trust Company, N.A., as successor Trustee (in such capacity, the “Senior Trustee”).

Senior Trust Agreement means the Codified and Restated Trust Agreement dated October 1, 2006, between the Authority and JPMorgan Chase Bank, N.A. (as successor to The Chase Manhattan Bank, National Association), as trustee thereunder.

Senior Trust Agreement means the Codified and Restated Trust Agreement dated October 1, 2006, between the Authority and The Bank of New York Mellon, as trustee thereunder, as the same may be supplemented and amended from time to time.