Junior Lien Bonds definition
Junior Lien Bonds and “Junior Lien Notes” means bonds, bond anticipation notes issued under Act 34, Public Acts of Michigan, 2001, as amended, or other obligations which may be issued or incurred by the Board to provide funds for any lawful purpose of the System which are of junior standing and priority of lien with respect to the Net Revenues to the claim of the Bonds.
Junior Lien Bonds means bonds or other obligations which may be issued or incurred by the Board to provide funds for any lawful purpose of the System which are of junior standing and priority of lien with respect to the Net Revenues to the claim of the Bonds.
Junior Lien Bonds means Series 2024 Bond and any additional bonds of equal standing with the Series 2024 Bond which are secured by a statutory second lien on the Net Revenues and are junior and subordinate to the Senior Lien Bonds.
More Definitions of Junior Lien Bonds
Junior Lien Bonds means any bonds or other obligations that may be issued or incurred by the City payable from the Revenues of the System secured by a lien on the Net Revenues of the System that is subordinate to a first lien on the Net Revenues of the System created for the benefit of any First Lien Bonds and shall include the Series 2023 Bonds.
Junior Lien Bonds means any revenue bonds or other obligations issued by the County which are secured by pledges of the revenues and liens on the System which are junior and subordinate in all respects to the pledges and liens made to secure Bonds.
Junior Lien Bonds means any obligations of the City hereafter issued and payable from Pledged Incremental Property Taxes, if any, on deposit in the Junior Lien Principal and Interest Account.
Junior Lien Bonds means any revenue bonds, long-term contracts, or other obligations issued by the City which are secured by pledges of the revenues of the System which are junior and subordinate in all respects to the pledges made to secure Bonds and to the payment by the City of all Operation and Maintenance Expenses.
Junior Lien Bonds means any Additional Bonds payable from, and secured by a lien on the Net Revenues, which lien is junior to that of any Parity Bonds, but senior to that of the Subordinate Lien Bonds.
Junior Lien Bonds means the Series 2021 Bonds, and any additional bonds that are of equal standing with the Series 2021 Bonds, and junior in standing to the Senior Lien Bonds.
Junior Lien Bonds means any obligations of the City hereafter issued and payable from Pledged Revenues, or any portion thereof, on a junior lien basis.