Superior Securities definition

Superior Securities means securities of the City pertaining to the Utility System secured by and payable from Net Revenues superior and senior to the pledge thereof to the Bonds and any Parity Securities, to the extent issued in accordance with the terms, conditions and limitations hereof.

Superior Securities means securities of the City pertaining to the Municipal Utility System and payable from and secured by Net Revenues superior and senior to the pledge thereof of the Bonds, consisting of the Superior Bonds (as set forth in Section 37 hereof).

Superior Securities means, collectively, the Common Stock and any class or series of Superior's preferred stock, and any other securities, warrants or options or rights of any nature (whether or not issued by Superior) that are convertible into, exchangeable for, or exercisable for the purchase of, or otherwise give the holder thereof any rights in respect of common stock, or any class or series of Superior preferred stock that is entitled to vote generally for the election of directors or otherwise.

Examples of Superior Securities in a sentence

• Second, from any moneys thereafter remaining in the Revenue Fund, i.e., from the Net Revenues, there shall be transferred and credited to the funds and accounts established for the Superior Securities such transfers and credits as are required by the bond ordinances authorizing the Superior Securities prior to the application of Net Revenues for securities that are subordinate to the Superior Securities.

• The lien of this pledge and the obligation to perform the contractual provisions hereby made shall be subordinate and junior to the lien thereon of any Superior Securities hereafter issued but shall have priority over any and all other obligations and liabilities of the City payable from the Net Revenues, except as herein otherwise provided.

• Superior agrees to remove promptly all legends and stop transfer orders with respect to the transfer of Superior Securities being made to a Person who is not then a member of the First Reserve Group in compliance with the provisions of this Agreement.

• This Agreement may be amended, superseded, canceled, renewed or extended, and the terms hereof may be waived, only by a written instrument signed by Superior and the holders of a majority of the Superior Securities held by the First Reserve Funds or, in the case of a waiver, by the party waiving compliance.

• Neither the Enterprise nor the City shall issue any Superior Bonds or Superior Securities.

• Subject to compliance with this Section 3.5, on and after the eleventh business day after commencement of a tender or exchange offer made by a Person who is not a member of the First Reserve Group for outstanding Superior Securities (a "Qualifying Offer"), any member of the First Reserve Group may tender or exchange any Superior Securities beneficially owned by it pursuant to such Qualifying Offer, provided the Qualifying Offer shall have been approved, or not opposed, by the Board.

• The Annunciation Stewardship Pledge Card provides you the opportunity to consider the blessings and gifts that have been given to you by God in terms of time, talent and treasure.

• Said amount shall be maintained as a continuing reserve for the payment of the Debt Service Requirements of the Prior Superior Bonds, any Additional Superior Bonds or other Superior Securities to which the Superior Bonds Reserve Fund is pledged.

• Each of the First Reserve Funds covenants that it shall not, and that no other member of the First Reserve Group shall, join a partnership, limited partnership, syndicate or other group, or otherwise act in concert with any other Person, for the purpose of acquiring, holding, voting or disposing of any Superior Securities, other than the First Reserve Group itself.

• Subject to the limitations stated in Section 7E hereof and in the ordinances authorizing the issuance of Superior Bonds or Superior Securities, the City may issue Superior Bonds or Superior Securities for any lawful purpose payable from the Tax Increment Revenues and having a lien thereon superior and senior to the lien thereon of the Bonds.

More Definitions of Superior Securities

Superior Securities means bonds or securities of the which have a lien on the Pledged Revenues that is superior and senior to the lien thereon of the Bonds and any Parity Securities, to the extent issued in accordance with the terms, conditions and limitations hereof.

Superior Securities means in either case bonds or securities payable from the Pledged Revenues and senior to the lien thereon of the 2018 Bonds which are prohibited by this Ordinance as long as the 2018 Bonds are Outstanding.

Superior Securities means securities of the Authority pertaining to the Water System and payable from and secured solely by Net Revenues superior and senior to the pledge thereof to the Bond, including but not limited to the 2005A Bonds, 2006 Bonds, 2007 Bonds, 2010 Bonds and any other securities issued with a lien on the Net Revenues superior to the lien of the Bond.

Superior Securities means special obligation bonds or securities which have a lien on all or a portion of the Net Revenues that is superior to the lien thereon of the Bonds herein authorized, the 2014 Bonds, the 2015A Bond, the 2015B Bond, the 2016 Bonds, the 2017 Sewer Bonds and the 2017 Refunding Bonds.

Superior Securities means the 2005B Bonds, the 2006 Bonds, and the 2017A Bonds, and any other securities of the City pertaining to the Municipal Utility System and secured by Gross Revenues superior to and on a senior basis to the pledge thereof on the Bonds and other Parity Securities.

Superior Securities means the Outstanding 2005C Bonds, 2019A-1 Bonds, 2019A-2 Bonds and any other bonds or securities which have a lien on all or a portion of the Consolidated Tax Pledged Revenues and/or all or a portion of the Room Tax Pledged Revenues that is (i) superior to the lien on the Consolidated Tax Pledged Revenues and the Room Tax Pledged Revenues of the Outstanding 2013ABonds and the Bonds herein authorized, and (ii) superior to the lien on the Consolidated Tax Pledged Revenues of the Outstanding 2022 Bonds.