Subordinated Indebtedness Fund definition

Subordinated Indebtedness Fund means the fund by that name established pursuant to the Second Resolution.

Subordinated Indebtedness Fund means the Subordinated Indebtedness Fund established pursuant to Section 502 of the Sewer System Revenue Bond Resolution.

Subordinated Indebtedness Fund means the fund by that name established pursuant to Section 502(a).

Examples of Subordinated Indebtedness Fund in a sentence

• Reserve Fund and the FGR Subordinated Indebtedness Fund, and for any Fiscal Year during which no First Resolution Bonds are Outstanding, the amount, if any, payable into the Authority Expense Fund, the Debt Service Reserve Fund and the Subordinated Indebtedness Fund, but in each case only to the extent such payments are required to be made from Revenues.

• Except as permitted hereby, the Corporation shall not create or cause to be created any lien or charge prior or equal to that of the Bonds on the Trust Estate; provided, however, that nothing contained herein shall prevent the Corporation from incurring Subordinated Indebtedness that is secured by a lien or charge on the Subordinated Indebtedness Fund that is subject and subordinate to the lien or charge thereon created hereby.

• Money in the Subordinated Indebtedness Fund that on the last day of each Fiscal Year is in excess of the amount then required by Section 5.06 hereof to be therein may at the direction of the Corporation either be retained therein or transferred to any other fund or account established pursuant hereto; provided, however, that if no direction has been given by the Corporation, the excess on the last day of each Fiscal Year shall be transferred by the Trustee to the Residual Fund.

• The Trustee shall pay out of the Subordinated Indebtedness Fund all amounts required for such payments in accordance with the Supplemental Indenture authorizing the issuance of such Subordinated Indebtedness.

• The Resolutions permit monies held in any other funds created by the General Resolution and the Second General Resolution (including the Subordinated Indebtedness Fund) to be invested in any securities described in paragraphs (i) through (ix) under Investment Securities.

More Definitions of Subordinated Indebtedness Fund

Subordinated Indebtedness Fund means the Fund so designated established pursuant to the provisions of the Trust Agreement concerning Subordinates Indebtedness.

Subordinated Indebtedness Fund means the fund so designated, created and established pursuant to Section 5.02 hereof.

Subordinated Indebtedness Fund means the Fund designated as the Subordinated Indebtedness Fund established in Section 502 of the General Resolution.

Subordinated Indebtedness Fund means the fund so designated, created and established pursuant to the section of the Indenture described herein under the heading “Establishment of Funds and Accounts”.

Subordinated Indebtedness Fund means the Fund by that name established pursuant to Section 5.02.

Subordinated Indebtedness Fund means the fund so designated, created and established pursuant to Section 5.01 hereof.

Subordinated Indebtedness Fund means the fund so. designated, created and established pursuant to. the sectio.n o.f the Indenture described herein under the heading "Establishment o.f Funds and Acco.unts".