Subordinate Xxxx Xxxxx definition

Subordinate Xxxx Xxxxx has the meaning set forth in the Ordinance.

Subordinate Xxxx Xxxxx means any Obligation (which is not a Credit Agreement) issued in accordance with Section 3.05 of this Indenture and a Supplemental Indenture with a pledge of and lien on the Trust Estate subordinate to the lien benefitting the Senior Lien Parity Bonds.

Subordinate Xxxx Xxxxx means Bonds issued by the District with a lien (but not an exclusive lien) on Pledged Revenues subordinate to the lien thereon of Senior Xxxx Xxxxx and so designated in the applicable Series Indenture authorizing such Subordinate Xxxx Xxxxx.

Examples of Subordinate Xxxx Xxxxx in a sentence

• The Authority reserves the right to establish such other funds and accounts as may be necessary for the issuance of such Subordinate Xxxx Xxxxx as provided in the resolutions and Supplemental Indentures authorizing such Subordinate Xxxx Xxxxx.

• Such Subordinate Xxxx Xxxxx may be further secured by any other source of payment lawfully available for such purposes and shall be issued pursuant to a Supplemental Indenture which sets forth the terms of such Subordinate Xxxx Xxxxx.

• The Subordinate Reserve Accounts shall constitute trust funds which shall be held in trust for only the Owners of such particular Series of Subordinate Xxxx Xxxxx to which they are pledged.

• The amounts in the Subordinate Reserve Accounts (other than the interest income thereon, which shall be transferred either to (i) the Subordinate Lien Debt Service Fund or (ii) the Construction Fund during the Construction Period) shall be pledged to the payment of the Series of Subordinate Xxxx Xxxxx to which they are pledged.

• Within the Subordinate Lien Debt Service Fund, one or more accounts or subaccounts may be created pursuant to the Supplemental Indentures for any Series of Subordinate Xxxx Xxxxx (“Debt Service Accounts” or such other term as further designated in the Supplemental Indentures).

• The Authority reserves the right to issue Additional Subordinate Xxxx Xxxxx which are not secured by the Reserve Accounts; provided that the Authority may create a separate account within the Subordinate Lien Debt Service Reserve Fund for the benefit of any such Series of Subordinate Xxxx Xxxxx, the proceeds of which account (other than the interest income thereon, which may be transferred to the Pledged Revenue Fund) shall be pledged to the payment of such Series.

More Definitions of Subordinate Xxxx Xxxxx

Subordinate Xxxx Xxxxx means the Bonds designated as such by a Supplemental Indenture.

Subordinate Xxxx Xxxxx means, collectively and individually, the Subordinate Lien Phase II Bonds and any Additional Subordinate Xxxx Xxxxx.

Subordinate Xxxx Xxxxx means any Securities payable in whole or in part from the Sales Tax Revenues and having a lien on all or any portion of the Sales Tax Revenues which is subordinate to the lien thereon of the XXXXX Portions and the Additional XXXXX Portions but does not include any Credit Facility Obligations or Financial Products Agreements relating to any such Subordinate Xxxx Xxxxx.

Subordinate Xxxx Xxxxx means the Airports Authority’s revenue bonds or other indebtedness or obligations secured by the Subordinate Xxxx Xxxx Fund and subordinate to the Senior Xxxx Xxxxx. The term “Subordinate Xxxx Xxxxx” shall include notes, bond anticipation notes, commercial paper and other Short-Term/Demand Obligations, Regularly Scheduled Hedge Payments and other securities, contracts or obligations incurred through lease, installment purchase or other agreements or certificates of participation therein, in each case to the extent secured by the Subordinate Xxxx Xxxx Fund pursuant to a Supplemental Indenture.

Subordinate Xxxx Xxxxx shall include notes, bond anticipation notes, commercial paper and other Short-Term/Demand Obligations, Regularly Scheduled Hedge Payments and other securities, contracts or obligations incurred through lease, installment purchase or other agreements or certificates of participation therein, in each case to the extent secured by the Subordinate Xxxx Xxxx Fund pursuant to a Supplemental Indenture.

Subordinate Xxxx Xxxxx means the Borrower’s revenue bonds or other indebtedness or obligations secured by the Subordinate Xxxx Xxxx Fund under the Indenture and subordinate to the First Senior Xxxx Xxxxx and the Second Senior Xxxx Xxxxx.