Subordinate Bonds means all Bonds but Senior Bonds.
Subordinate Bonds means any Bonds which, pursuant to the Supplemental Resolution authorizing such Bonds, are secured by a subordinate charge and lien on the Revenues and assets pledged under the General Resolution.
Subordinate Bonds means the Series A-2 Bonds and any additional bonds issued on a subordinate lien basis.
Examples of Subordinate Bonds in a sentence
The Authority may by Series Resolution provide for the appointment of a Fiduciary (which may be the Trustee) to represent the Holders of Notes or Subordinate Bonds, having powers and duties not inconsistent herewith or with the Act.
Subject to the prior application of the Accounts to pay Debt Service, to Section 1002(c) and to each applicable Series Resolution, the Holders of Notes or Subordinate Bonds, other Beneficiaries, or a Fiduciary appointed pursuant to Section 807, may enforce the provisions of this Indenture for their benefit by appropriate legal proceedings.
More Definitions of Subordinate Bonds
Subordinate Bonds means any Bonds which, pursuant to the Supplemental Resolution authorizing such Bonds, are secured by a subordinate charge and lien on the Pledged Property.
Subordinate Bonds means bonds, notes or other evidences of indebtedness of the Borrower secured by or payable from a pledge of Revenues expressly made subordinate to the pledge of Revenues to secure the payment of the Local Bond.
Subordinate Bonds means Bonds payable on a basis as set forth in the related Series Indenture or Remarketing Indenture with a claim to payment subordinate to the claim of Bonds that are not Subordinate Bonds.
Subordinate Bonds. Any Bonds of a Series that entitle the Holders thereof to a right to receive timely payment of principal or interest that is subordinated in whole or in part to the prior right of Holders of other Bonds of the same Series but a different Class.
Subordinate Bonds means any bonds secured by the Net Revenues hereafter issued on a subordinate lien basis to any Parity Bonds.
Subordinate Bonds or “Subordinate Obligations” means bonds or other obligations payable from System Revenues hereafter issued, subsequent and junior to the lien of the Bonds herein authorized to be issued.
Subordinate Bonds means any Authorized Denomination of Bonds so designated by the Bondholder Representative as “Subordinate Bonds” pursuant to Article XVI hereof.