Subordinated Bonds definition

Subordinated Bonds means any bonds or indebtedness of the District that have a lien, charge, pledge or encumbrance on the Net Taxes junior and subordinated to the lien, charge, pledge and encumbrance thereon for the Bonds and any Parity Bonds.
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Subordinated Bonds means bonds or indebtedness issued or incurred pursuant to Section 206A and shall also mean any Subordinated Parity Bond Anticipation Notes and any Parity Reimbursement Obligation incurred with respect to Subordinated Bonds.
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Subordinated Bonds means Bonds which are purchased by or at the direction of Borrower with the consent of the Permanent Lender pursuant to Section 2.9(9) hereof.
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Examples of Subordinated Bonds in a sentence

  • Subordinated Bonds: Holders of subordinated debentures will bear higher risks than holders of senior debentures of the issuer due to a lower priority of claim in event of the Issuer’s liquidation.

  • The Bonds will be issued in Tranches within a Sub-Class with each Sub-Class (other than in respect of the Subordinated Bonds) belonging to one of four Classes, namely, Class A Wrapped Bonds, Class A Unwrapped Bonds, Class B Wrapped Bonds or Class B Unwrapped Bonds.

  • The Issuer may, but only in accordance with Condition 20 (Subordinated Bonds) and this Bond Trust Deed, issue Subordinated Bonds.

  • After giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder, the issuance of the Secured Bonds and the Subordinated Bonds and the consummation of the other transactions contemplated hereby, each of Ultimate Parent, Parent, Borrowers and the Subsidiaries of Borrowers will be Solvent on a consolidated basis (after giving effect to all rights of contribution and the like).

  • The claims of each Subordinated Borrower Secured Creditor will rank subordinate to Senior Debt, the BAA Pension Liabilities, the Junior Debt and the Borrower Loans relating to any Subordinated Bonds in accordance with the relevant Borrower Post-Enforcement Priorities of Payments.


More Definitions of Subordinated Bonds

Subordinated Bonds means the unsecured bonds where the rights of the bondholders are prescribed to be subordinate to those of the ordinary creditors.
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Subordinated Bonds means any bonds, notes or other evidences of indebtedness issued on a subordinate basis pursuant to the Trust Agreement.
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Subordinated Bonds means any bonds or other financing instrument or obligation issued pursuant to the Subordinated Indenture. Subordinated Indenture shall mean the Master Indenture of Trust dated March 1, 1988, securing the Authority's General Airport Subordinated Revenue Bonds, as such may be supplemented or amended.
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Subordinated Bonds means any bonds issued by the Issuer which pursuant to the Issuer Deed of Charge rank in point of payment and security subordinate to the Class A Bonds and the Class B Bonds.
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Subordinated Bonds means the Class B-1 Bonds and the Class B-2 Bonds.
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Subordinated Bonds means any Series of Bonds evidencing or securing Subordinated Debt.
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Subordinated Bonds means the 2003 Series B Subordinated Bonds which shall provide that such Subordinated Bonds are junior in right of payment and security to the Senior
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