Subordinated Debt Service Fund definition

Subordinated Debt Service Fund means the Subordinated Debt Service Fund established pursuant to Section 502(b).
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Subordinated Debt Service Fund means the Fund of that name established by Section 5.01(a)(vii).
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Subordinated Debt Service Fund means the Subordinated Debt Service Fund created and established pursuant to Section 16 of this Resolution.
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Examples of Subordinated Debt Service Fund in a sentence

  • These contractual payments constitute dedicated payments from the Commonwealth that are deposited directly to the Subordinated Debt Service Fund.

  • In the event that payments are made under the Hedge Agreement on a basis less frequently than monthly, the deposit to the Subordinated Debt Service Fund on the first day of each month shall be such equal monthly amount as shall result in a balance in the Fund, on or before the date payment is due to the Hedge Counterparty, of an amount not less than the net amount owed to the Hedge Counterparty on the next payment date.

  • The Program has issued, and may issue in the future, CP Notes that are revenue obligations of the State, payable solely from the Subordinated Debt Service Fund created by the General Resolution.

  • There shall be deposited in the Subordinated Debt Service Fund, as and when received, amounts from the Hedge Counterparty paid to the City in respect of periodic, interest-equivalent amounts owed under the Hedge Agreement.

  • The Trustee shall also apply moneys in the Subordinated Debt Service Fund as set forth in Section 508(e) hereof.

  • The State shall not create or assume any Lien on any part of the Pledged Collateral or the Program Income on deposit in the Subordinated Debt Service Fund now owned or hereafter acquired by it except the Liens created by the Related Documents.

  • In the event the City enters into a Hedge Agreement with respect to any Subordinated Indebtedness, there shall be deposited in the Subordinated Debt Service Fund on the first day of each month, the net amount owed to the Hedge Counterparty in the next succeeding 30 days by the City in respect of periodic, interest-equivalent payments under the Hedge Agreement, net of amounts then on deposit in that Fund for the purpose, or amounts to be netted against the payment obligations of the City.

  • Upon the discharge of all Subordinated Indebtedness, any moneys remaining in the Subordinated Debt Service Fund shall be transferred to the Trustee for deposit in the Revenue Fund.

  • In the event Subordinated Indebtedness is secured by a reserve account of the Subordinated Debt Service Fund, there shall be deposited in that reserve account, after making all of the deposits described above, such amount that, if deposited in approximately equal monthly installments, would be sufficient, taking into account other moneys in the reserve account, to satisfy the reserve requirement for the Subordinated Indebtedness.

  • The State shall not incur or suffer to exist any Lien on or with respect to the Pledged Collateral or the Program Income deposited in the Subordinated Debt Service Fund, other than (i) any Lien created by the Related Documents, or (ii) any such Lien that the State contests in good faith and by appropriate proceedings, which proceedings have the effect of preventing the forfeiture or sale of the property or asset subject to such Lien.


More Definitions of Subordinated Debt Service Fund

Subordinated Debt Service Fund means the Fund of that name established by Article V hereof.
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Subordinated Debt Service Fund means an account established in Section 5.1 of 1997 State of Wisconsin Building Commission Resolution 7, adopted by the Commission on April 23, 1997, pursuant to Section 714(C) of the General Resolution, and pledged to the payment of the Commercial Paper Notes.
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Subordinated Debt Service Fund means an account established pursuant to Section 517 of the General Resolution.
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Subordinated Debt Service Fund means the Subordinated Debt Service Fund. "Supplemental Resolution" shall mean any resolution of the Issuer amending or
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Subordinated Debt Service Fund means the fund so designated and created by Section 502.
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Subordinated Debt Service Fund shall have the meaning set forth in the General Resolution.
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Related to Subordinated Debt Service Fund

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Debt Service means, with respect to any particular period of time, the scheduled principal and interest payments due under this Agreement and the Note.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.