Subordinate Trust Agreement definition

Subordinate Trust Agreement means the Subordinate Trust Agreement, dated as of November 1, 2015, by and between the Authority and the Trustee, as the same may be amended, supplemented, restated or otherwise modified from time to time (including, without limitation, by the Supplemental Subordinate Trust Agreement but excluding supplements to the Subordinate Trust Agreement for the purpose of issuing additional Debt in accordance with the terms of and as permitted by the Subordinate Trust Agreement other than permanent amendments to the Subordinate Trust Agreement included in such supplement) in accordance with the terms thereof and hereof.
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Subordinate Trust Agreement means the Subordinate Trust Agreement, dated as of January 1, 1991, by and between the Authority and the Subordinate Trustee, as amended and supplemented.
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Subordinate Trust Agreement has the meaning set forth in the recitals hereof.
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Examples of Subordinate Trust Agreement in a sentence

  • Each Revolving Loan shall constitute a Subordinate Obligation under the Subordinate Trust Agreement.

  • The Subordinate Trust Agreement permits, but does not require, the funding of a Debt Service Reserve Fund.

  • The Reimbursement Obligations constitute “Subordinate Obligations” for purposes of the Senior Lien Trust Agreement and the Subordinate Trust Agreement.

  • If construc- tion is started prior to completion of the environmental review and the Agency is deprived of its opportunity to fulfill its obligation to comply with applicable environmental require- ments, the application for financial as- sistance may be denied.

  • The Lender shall endeavor to provide written notice of such sale or transfer to the Authority and the Trustee for purposes of Section 2.04 of the Subordinate Trust Agreement.

  • The Reimbursement Obligations are secured by a second lien on and pledge of the Pledged Revenues pursuant to the Senior Lien Trust Agreement and a first lien on and pledge of the Subordinate Pledged Revenues pursuant to the Subordinate Trust Agreement.

  • The Series C Bonds initially shall bear interest at the applicable Drawdown Rate (as defined in the Subordinate Trust Agreement) in accordance with Section 2.02(e) of the Supplemental Trust Agreement.

  • The Lender shall have received evidence satisfactory to the Lender that all conditions precedent to the issuance of the Notes as Subordinate Obligations pursuant to Section 2.09 of the Subordinate Trust Agreement have been satisfied.

  • The Designated Representatives are, and each of them is, hereby authorized and are hereby directed to perform those duties set forth in the Subordinate Trust Agreement, the Second Supplemental Subordinate Trust Agreement and the Revolving Obligations Documents or the Alternate Revolving Obligations Documents, including, without limitation, the execution of a Request for Advance and Revolving Loan (as described in the applicable Credit Agreement).

  • The payment of other amounts under the Credit Agreement (defined below) shall be payable from the Fees and Expenses Fund established under the Senior and Junior Subordinate Trust Agreement on a basis subordinate to the Subordinate Obligations as provided in Section 5.02(A)(5) of the Senior and Junior Subordinate Trust Agreement.


More Definitions of Subordinate Trust Agreement

Subordinate Trust Agreement means that certain trust agreement, dated as of October 1, 2011, as amended and restated as of March 1, 2016, and as amended by the Amendment, effective as of November 20, 2019, and as further supplemented and amended from time to time in accordance with the terms thereof and hereof, between the Borrower and the Trustee.
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Related to Subordinate Trust Agreement

  • Trust Agreement means the Amended and Restated Trust Agreement, dated as of the Closing Date, between the Seller and the Owner Trustee, as the same may be amended and supplemented from time to time.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.