Subordinate Lien Obligations definition

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

Subordinate Lien Obligations means the obligations permitted to be issued by the City pursuant to Section 6.2 hereof.

Subordinate Lien Obligations means the obligations of the City under the City’s Commercial Paper Notes, Series A and the documents pertaining thereto.

Examples of Subordinate Lien Obligations in a sentence

• In addition to the foregoing deposits, in order to provide for the payment of and security for any Subordinate Lien Obligations there shall be deposited to the Note Payment Fund amounts sufficient to pay when due the principal of and interest on the Subordinate Lien Obligations.

• In FY 2020, the DFW Board authorized the issuance of Subordinate Lien Obligations in the form of Commercial Paper Notes up to the amount of $750.0 million.

• The Authority and the Trustee acknowledge and agree that “Subordinated Hedging Termination Obligations” shall not be paid prior to the payment of principal or interest in respect of Subordinate Lien Obligations pursuant to Section 505 of the Master Indenture.

• DART shall not create or assume any Lien on any part of the Collateral now owned or hereafter acquired by it, except the Liens created for the benefit of the owners of the Commercial Paper Notes, the Senior Lien Obligations, the Junior Subordinate Lien Obligations or other Senior Subordinate Lien Obligations.

• A written certificate by a Responsible Officer that the requirements of (i) and (ii) above have been met shall conclusively determine the right of Denver Water to authorize, issue, sell and deliver additional Subordinate Lien Obligations.

More Definitions of Subordinate Lien Obligations

Subordinate Lien Obligations means those revenue bonds or other revenue

Subordinate Lien Obligations means (i) any bonds, notes, warrants, or other Debt issued by the Authority that are payable, in whole or in part, from and equally and ratably secured by a lien on and pledge of the Net Operating Revenues, such pledge being subordinate and inferior to the lien on and pledge of the Net Operating Revenues that are or will be pledged to the payment of any Parity Obligations issued by the Authority, and (ii) obligations hereafter issued to refund any of the foregoing if issued in a manner that provides that the refunding bonds are payable from and equally and ratably secured, in whole or in part, by a lien on and pledge of the Net Operating Revenues on a parity with the Subordinate Lien Obligations.

Subordinate Lien Obligations means any bonds, notes, warrants, contractual obligations or other obligations issued or incurred by the Town that are payable, in whole or in part, from and equally and ratably secured by a lien on and pledge of the Pledged Revenues, such pledge being subordinate and inferior to the lien on and pledge of the Pledged Revenues that are or will be pledged to the payment of any Bonds Similarly Secured issued by the Town.

Subordinate Lien Obligations means the $3,975,000 Board of Supervisors for the University of Louisiana System Revenue Refunding Bonds (Louisiana Tech University Project) Series 2012, which are secured in part by a pledge of Auxiliary Revenues subordinate to the pledge of the Bonds.

Subordinate Lien Obligations has the meaning specified in the Master (Parity) Bond Resolution. Denver Water’s Obligations under this Credit Agreement and the Note shall constitute a Subordinate Lien Obligation.

Subordinate Lien Obligations means any bonds or other obligations permitted to be issued pursuant to the Section hereof entitled “Additional Senior, Parity, and Subordinate Lien Obligations,” with a lien on the Net Revenues and payable from the Net Revenues, which are subordinate to the lien of the Bonds and the Parity Lien Obligations.

Subordinate Lien Obligations means any bonds, notes or other obligations, including contractual obligations incurred by TIRZ Five in accordance with the terms of the Project and Financing Plan, secured in whole or in part by liens on the Pledged Revenues that are junior and subordinate to the lien on the Pledged Revenues securing payment of the Tax Increment Revenue Obligations.