Subordinate Bonds Definition: 313 Samples

Subordinate Bonds definition

Subordinate BondsМэmeans all Bonds but Senior Bonds.

Subordinate BondsМэmeans any Bonds which, pursuant to the Supplemental Resolution authorizing such Bonds, are secured by a subordinate charge and lien on the Revenues and assets pledged under the General Resolution.

Subordinate BondsМэmeans the Series A-2 Bonds and any additional bonds issued on a subordinate lien basis.

Examples of Subordinate Bonds in a sentence

As of the Effective Date, the Revolving Loans and the other Lender Obligations constitute the only Debt of the City or the City, for and on behalf of its Department of Aviation, that is secured by a Lien on the Net Revenues other than the Senior Bonds, the Senior Obligations, the Subordinate Bonds, and other Subordinate Obligations issued or incurred prior to the Effective Date.
Notwithstanding any other provision of this Agreement or any other Related Document to the contrary, the Lender Obligations are special obligations of the City, for and on behalf of its Department of Aviation, payable solely from the Net Revenues and Pledged Funds of the Airport System subordinate to the Senior Bonds and the Senior Obligations and on parity with all outstanding Subordinate Bonds and other outstanding Subordinate Obligations.
Under the terms of the General Bond Ordinance, the General Subordinate Bond Ordinance and the General Junior в–‡в–‡в–‡в–‡ в–‡в–‡в–‡в–‡ Ordinance, the Net Revenues cannot secure any Debt of the City (including Debt for and on behalf of its Department of Aviation) other than the Senior Bonds, the Senior Obligations, the Subordinate Bonds, the Subordinate Obligations (including the Revolving Loans and the other Lender Obligations), the Junior в–‡в–‡в–‡в–‡ в–‡в–‡в–‡в–‡в–� and the Junior Lien Obligations.

More Definitions of Subordinate Bonds

Subordinate BondsМэmeans any Bonds which, pursuant to the Supplemental Resolution authorizing such Bonds, are secured by a subordinate charge and lien on the Pledged Property.

Subordinate BondsМэmeans Bonds payable on a basis as set forth in the related Series Indenture or Remarketing Indenture with a claim to payment subordinate to the claim of Bonds that are not Subordinate Bonds.

Subordinate Bonds.МэAny Bonds of a Series that entitle the Holders thereof to a right to receive timely payment of principal or interest that is subordinated in whole or in part to the prior right of Holders of other Bonds of the same Series but a different Class.

Subordinate BondsМэmeans any bonds secured by the Net Revenues hereafter issued on a subordinate lien basis to any Parity Bonds.

Subordinate BondsМэor вЂ�Subordinate ObligationsвЂ� means bonds or other obligations payable from System Revenues hereafter issued, subsequent and junior to the lien of the Bonds herein authorized to be issued.

Subordinate BondsМэmeans any Authorized Denomination of Bonds so designated by the Bondholder Representative as вЂњSubordinate BondsвЂ� pursuant to Article XVI hereof.

Subordinate BondsМэmeans the subordinate bonds listed on Exhibit A to the Subordinate Bond Custody Agreement.

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