Subordinate Xxxx Xxxxx definition

Subordinate Xxxx Xxxxx has the meaning set forth in the Ordinance.
Sample 1Sample 2Sample 3
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.
Sample 1
Subordinate Xxxx Xxxxx means, collectively and individually, the Subordinate Lien Phase II Bonds and any Additional Subordinate Xxxx Xxxxx.
Sample 1

Examples of Subordinate Xxxx Xxxxx in a sentence

  • Moreover, “[t]he party asserting mootness bears the burden of establishing that there is no effective relief that the court can provide.” Id.

  • The City will promptly, and in any event within five (5) Business Days, notify the Bank of the occurrence of any “Event of Default” under the Ordinance or of a default under this Agreement, any Related Document or any ordinance, indenture, agreement or other instrument pursuant to which any Subordinate Xxxx Xxxxx or Separate Lien Obligations are issued, specifying the details thereof and the action that the City proposes to take with respect thereto.

  • The City will not create, incur, assume or suffer to exist any pledge of, Lien on or other security interest in the Pledged Revenues that is senior to the Lien on and pledge of the Pledged Revenues securing the Commercial Paper Notes, the Bank Note and the obligations of the City under this Agreement other than the respective liens on and pledges of the Pledged Revenues securing the Separate Lien Obligations and, so long as the same remain outstanding, the Subordinate Xxxx Xxxxx.

  • The City covenants and agrees that it shall not at any time withdraw any long-term unenhanced rating on the Subordinate Xxxx Xxxxx or any Separate Lien Obligations from any of Fitch, Xxxxx’x or S&P if the effect of such withdrawal would be to cure a Default or an Event of Default under this Agreement or reduce the Facility Fee.

  • The City will not create, incur, assume or suffer to exist any pledge of, Lien on or other security interest in the Pledged Revenues that is senior to the Lien on and pledge of the Pledged Revenues securing the Notes and the obligations of the City under this Agreement other than the respective liens on and pledges of the Pledged Revenues securing the Separate Lien Obligations and, so long as the same remain outstanding, the Subordinate Xxxx Xxxxx.

  • The City will not issue any Commercial Paper Notes to refund Subordinate Xxxx Xxxxx and Separate Lien Obligations without the prior written consent of the Bank.

  • The Subordinate Xxxx Xxxxx are scheduled to mature on May 15, 2025, and upon their final maturity, any reference to Subordinate Xxxx Xxxxx in this Agreement shall be surplusage and of no force or effect and no Subordinate Xxxx Xxxxx shall be issued thereafter.

  • The City will promptly, and in any event within five (5) Business Days, notify the Bank of the occurrence of any “Event of Default” under the Ordinance or of a default under this Agreement, any Related Document or any ordinance, indenture, Agreement or other instrument pursuant to which any Subordinate Xxxx Xxxxx or Separate Lien Obligations are issued, specifying the details thereof and the action that the City proposes to take with respect thereto.

  • The City shall give written notice to the Bank as soon as practicable of the increase, decrease, withdrawal or suspension of any rating maintained by Xxxxx’x, Fitch or S&P, to the extent such Rating Agency is then maintaining a rating on the Subordinate Xxxx Xxxxx or any Separate Lien Obligations.

  • The City will not issue any Notes to refund Subordinate Xxxx Xxxxx or Separate Lien Obligations without the prior written consent of the Bank.


More Definitions of 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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1
Subordinate Xxxx Xxxxx means the Bonds designated as such by a Supplemental Indenture.
Sample 1

Related to Subordinate Xxxx Xxxxx

  • Subordinate Net Funds Cap With respect to any Distribution Date, an amount equal to the weighted average of the Pool 1 Net Funds Cap and the Pool 2 Net Funds Cap, weighted on the basis of the Pool Subordinate Amount for each Mortgage Pool; provided, however, that on any Distribution Date after which the aggregate Class Principal Amount of the Senior Certificates relating to any Mortgage Pool has been reduced to zero, such weighting shall be on the basis of the Pool Balance of each Mortgage Pool.

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.

  • Subordinate Percentage As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • subordinate court means a court of St Helena subordinate to the Supreme Court that has been established by Ordinance, and includes the exercise of any power or jurisdiction in relation to an inquiry conferred on a Coroner by the Coroners Ordinance or any Ordinance amending or replacing that Ordinance;

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Subordinate Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Subordinate Optimal Principal Amount For any Distribution Date and any Loan Group, the sum for each Mortgage Loan in such Loan Group of (i) the Subordinate Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each such Mortgage Loan on the related Due Date, (b) the principal portion of the Purchase Price of each such Mortgage Loan to the extent it was repurchased by the Transferor pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan related to such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds (including Insurance Proceeds) allocable to recoveries of principal of Mortgage Loans related to such Loan Group that are not yet Liquidated Loans, received during the calendar month preceding the month of such Distribution Date, (ii) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Loan during the calendar month preceding the month of such Distribution Date, the portion of the amount of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan that was not included in clause (ii) of the definition of "Senior Optimal Principal Amount" for such Distribution Date, (iii) the Subordinate Prepayment Percentage of the sum of (a) all Principal Prepayments in Full of Mortgage Loans in such Loan Group received during the related Prepayment Period and (b) all partial Principal Prepayments of Mortgage Loans in such Loan Group and applied during the related Prepayment Period and (iv) with respect to any Distribution Date prior to the Cross-Over Date only, the Subordinate Prepayment Percentage related to such Group of the Recoveries received during the related Prepayment Period; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan in such Loan Group that is not a Liquidated Loan, the Subordinate Optimal Principal Amount will be reduced on the related Distribution Date by the Subordinate Percentage of the principal portion of such Bankruptcy Loss.

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Senior Liquidation Amount For any Distribution Date, the sum of (A) the aggregate, for each Mortgage Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Senior Percentage of the Principal Balance of such Mortgage Loan and (ii) the Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Senior Prepayment Percentage of any Subsequent Recoveries for such Distribution Date.

  • Subordination Percentage With respect to each class of Class A Certificates and Class M Certificates, the respective approximate percentage set forth in the table below: CLASS PERCENTAGE A 88.50 M-1 93.20 M-2 95.70 M-3 96.40 M-4 97.10 M-5 97.80 M-6 98.70

  • Senior Reduction Amount With respect to any Payment Date is either:

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Group Subordinate Amount For a Mortgage Pool and any Distribution Date; the excess of (a) the Pool Principal Balance of such Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates of the related Certificate Group immediately prior to that Distribution Date. Index: Not applicable.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Pool Subordinate Amount As to each Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over (i) the Class Principal Amount of the Group 1 Senior Certificates (in the case of Pool 1) or (ii) the aggregate Class Principal Amounts of the Group 2 Senior Certificates (in the case of Pool 2) immediately prior to the related Distribution Date.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Senior Specified Enhancement Percentage As of any date of determination, 38.00%.