Subordinate Lien Bonds definition

Subordinate Lien Bonds means any Additional Bonds or Additional Obligations payable from the Net Revenues on a subordinate lien basis to any Parity Bonds and Junior Lien Obligations, and which constitute general obligations of the City.

Subordinate Lien Bonds means any Additional Bonds payable from the Revenues, and issued on a subordinate lien basis to any Parity Bonds.

Subordinate Lien Bonds means any Additional Bonds issued and payable from, and secured by a lien on the Pledged Revenues, which lien is junior to that of any Parity Bonds.

Examples of Subordinate Lien Bonds in a sentence

• S&P Global prior rating for Subordinate Lien Bonds was BBB+; its current rating is A-.

• Subordinate Lien Bond Fund and Subordinate Lien Reserve Fund assets are for use in paying the interest and principal of outstanding previously issued Subordinate Lien Bonds and outstanding Series 2010 Bonds.

• THIRD: To the credit of any other fund or account hereafter established for the payment of the principal of, premium if any, and interest on Subordinate Lien Bonds, including any sinking fund, reserve fund, or similar fund or account established therefor, in the amounts required by the ordinance or other enactment authorizing issuance of the Subordinate Lien Bonds.

• As part of the settlement, the Member Cities agreed to issue debt to provide for TMPA’s scrubber refurbishment project and to refinance TMPA’s 2003, 2004, and 2004A Subordinate Lien Bonds.

• The current DTR debt profile (Slide #10) showed current and future (projected) debt repayment activity for the First Senior Lien Bonds, Second Senior Lien Bonds, Subordinate Lien Bonds and Junior Lien (TIFIA) Bonds from 2008 through 2053.▪ The TIFIA refinancing opportunity (Slide #11) shows how current, low interest rates and relatively low credit spreads provide an opportunity to obtain a borrowing cost comparable to the 3.21% TIFIA loan rate.

More Definitions of Subordinate Lien Bonds

Subordinate Lien Bonds means bonds, notes, Loan Agreement or other debt obligations issued pursuant to this Resolution but with a lien subordinate to the Bonds.

Subordinate Lien Bonds means the Series 2004-B Bonds and any Additional Bonds or Additional Obligations payable from the Revenues on a subordinate lien basis to any Parity Bonds and Junior Lien Obligations, and which constitute general obligations of the City.

Subordinate Lien Bonds means any Additional Bonds payable from the Net Revenues on a subordinate lien basis to any Parity Bonds and Junior Lien Bonds, and which may constitute general obligations of the Issuer.

Subordinate Lien Bonds means all Bonds other than Senior Lien Bonds.

Subordinate Lien Bonds means, as to the West Washington Street Redevelopment Project Area Special Tax Allocation Fund, the Bonds, the Subordinated West Washington Street Bonds and any Additional Bonds.

Subordinate Lien Bonds means Bonds that may be issued by the Corporation from time to time after the issuance of the Initial Matching Fund Securitization Bonds pursuant to a Resolution and an indenture, which Bonds are secured by a subordinate pledge on the Matching Fund Receipts and the Related Rights.

Subordinate Lien Bonds means the Series 2014 Note and all bonds or obligations of the Regents now outstanding or hereafter issued or outstanding payable from and constituting a lien on the Pledged Revenues subordinate and junior to the lien thereon of the Senior Lien Parity Bonds on a parity with the lien of the Series 2014 Note on the Pledged Revenues.