Subordinate Securities definition

Subordinate Securities means securities of the City pertaining to the Water System secured by and payable from Net Revenues inferior and junior to the pledge thereof to the Bonds and any Parity Securities, to the extent issued in accordance with the terms, conditions and limitations hereof.

Subordinate Securities means any bonds, warrants, notes, securities, leases, contracts or other financial obligations payable from the Net Revenues subordinate and junior to the lien thereon of the Bonds and any Parity Bonds.

Subordinate Securities means securities payable from the Net Pledged Revenues subordinate and junior to the lien thereon of the Bonds and any Parity Bonds.

Examples of Subordinate Securities in a sentence

• Nothing herein, except the limitations stated in Section 7F hereof, prevents the Enterprise or the City from issuing Subordinate Securities for any lawful purpose.

• Redwood shall initially retain (i) the AAA IO Senior Securities that are not Underwritten AAA IO Senior Securities, (ii) the Subordinate Securities and (iii) the Residual Securities (the “Redwood Retained Securities”) issued by the Issuing Entity.

• Fifth, any moneys thereafter remaining in the Revenue Fund may be used by the City for the payment of the principal of and interest on, and payments to the United States required by Section 148(f) of the Tax Code with respect to, Subordinate Securities and may be used to create reasonable reserves for such securities.

• Redwood shall initially retain (i) the AAA IO Senior Securities that are not Underwritten AAA IO Senior Securities and (ii) the Subordinate Securities (the “Redwood Retained Securities”) issued by the Issuing Entity.

• By virtue of its delivery of any Pledged Subordinate Securities to the Trustee on a Securitization Closing Date pursuant to this Section 3.3(c), the Issuer shall be deemed to have confirmed, for the benefit of the Class B Note Purchasers and the Class B Noteholders, that, as of such Securitization Closing Date, the representations and warranties with respect to each such Pledged Subordinate Security set forth in the Basic Documents are true and correct in all material respects.

More Definitions of Subordinate Securities

Subordinate Securities means securities of the City pertaining to the Sanitation Enterprise and payable from and secured by a lien on the Net Revenues subordinate and junior to the pledge thereof to the Bond, to the extent issued in accordance with the terms, conditions and limitations hereof

Subordinate Securities means all securities of the Company which have 2 "piggyback" registration rights subordinate to those of the Registrable Securities as set forth in Section 3.

Subordinate Securities means bonds or securities of the County which have alien on the Pledged Revenues that is subordinate and junior to the lien thereon of the Bonds and any Parity Securities, to the extent issued in accordance with the terms, conditions and limitations hereof.

Subordinate Securities means each series of bonds, notes, certificates of indebtedness or other obligations or evidences of indebtedness permitted to be issued by the Authority pursuant to the Authorizing Acts and unsecured or secured in whole or in part by liens on the Net Revenues and Pledged Funds that are junior and subordinate to the lien on Net Revenues and Pledged Funds securing payment of Parity Obligations and Second Lien Parity Obligations (as defined in the Second Lien Master Indenture).

Subordinate Securities. Any one of the Class M Notes or Class B Securities.

Subordinate Securities. Available Distribution Amount" shall mean, with respect to any Distribution Date, the sum of (x) the Available Distribution Amount for Loan Group I for such Distribution Date, plus (y) the Available Distribution Amount for Loan Group II for such Distribution Date, in each case, after any distributions required to made prior to such Classes of Subaccounts on such Distribution Date pursuant to Section 4.01(b).

Subordinate Securities has the meaning set forth in Section 3.01(c).