Subordinate Obligations definition

Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

Subordinate Obligations means obligations having a lien on the Net Revenues which is subordinate to the lien of the Second Lien Bonds. Restrictions on Subordinate Obligations are described in Section 6.

Subordinate Obligations means, collectively, the Class B Notes and any Other Subordinate Obligations.

Examples of Subordinate Obligations in a sentence

• Such subordinate obligations shall either be on a parity with the Subordinate Obligations in all respects or may be subordinate to the Subordinate Obligations in respect of each of the provisions of this Indenture which express the subordination of the Subordinate Obligations.

• In addition, the City may issue Subordinate Obligations to pay for costs of a Separate Utility System, and may pledge the revenues of the Separate Utility System to pay the Subordinate Obligations.

• The Trustee shall also pay out of the Subordinate Debt Service Fund the accrued interest included in the Purchase Price of any Subordinate Obligations purchased for retirement pursuant to this Master Indenture.

• All bonds and other similar indebtedness payable solely or primarily from the Net Revenues, including, without limitation, the Senior Obligations, the Subordinate Obligations, and the Super Subordinated Obligations.

• System Obligations now outstanding or hereafter issued with a lien on the Net Revenue subordinate to the lien thereon of the Senior Obligations and subordinate to the lien thereon of the Subordinate Obligations.

More Definitions of Subordinate Obligations

Subordinate Obligations means all Indebtedness of Borrower subordinated to the Obligations pursuant to subordination and/or intercreditor agreements in form satisfactory to Lender.

Subordinate Obligations means any Board Obligations that are made specifically subordinate as to payment and security to the Bonds and the Parity Obligations. Subordinate Obligations may include, without limitation, Reimbursement Obligations and Ancillary Contract Obligations.

Subordinate Obligations means obligations having a lien on the Net Revenues which is subordinate to the lien of the Bonds. Restrictions on Subordinate Obligations are described in Section 8. On the date of this Master Declaration, the City has no borrowing outstanding with a subordinate lien on the Net Revenues.

Subordinate Obligations means the obligations of the Municipality that are subordinate in payment to the Repayment Installments and to the Parity Obligation Payments.

Subordinate Obligations means, obligations, the payment of which, shall be subordinate for the payment of Debt Service, as shall be determined by the Common Council and as set forth in Section 12(C) of this Ordinance.

Subordinate Obligations means (a) the Subordinate Obligations listed in Schedule III hereto issued or incurred prior to the Effective Date and (b) any obligations of the Borrower secured on a parity therewith and issued or incurred by the Borrower after the Effective Date in accordance with Section 3.05(d) of the Indenture, Section 3.03, 3.04 and 3.05, as applicable, of the Subordinate Indenture and Section 17(a) (Indebtedness).

Subordinate Obligations means all obligations of Borrower under the Subordinate Loan Documents including but not limited to principal, interest, fees and all other amounts owing to Subordinate Lenders under the Subordinate Loan Documents, from time to time.