Junior Subordinate Bonds definition

Junior Subordinate Bonds means a Series of Bonds that are designated herein or in a Supplemental Indenture as Junior Subordinate Bonds. The Series 2011C Bonds are a Series of Junior Subordinate Bonds.
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Junior Subordinate Bonds means any Bonds which are secured by a lien on and payable from the Pledged Assets on a basis subordinate to the Senior Bonds, the Senior Subordinate Bonds and the Subordinate Bonds.
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Junior Subordinate Bonds means any bonds, notes or other obligations, payable on a priority subordinate to the Senior Bonds and the Subordinate Bonds, as provided Section 5.5(A) hereof, and issued pursuant to a Supplemental Indenture as authorized by Section 2.5 hereof.
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Examples of Junior Subordinate Bonds in a sentence

  • Parity Obligations (as that term is defined in the Trust Agreement) and additional Junior Subordinate Bonds (as that term is defined in the Trust Agreement) may be issued, and indebtedness may be incurred, on parity with the Series 2020-A Bonds of this authorized issue, but only subject to the conditions and limitations contained in the Trust Agreement.

  • Unless otherwise specified in a Supplemental Trust Agreement establishing the terms and provisions of a Series of Junior Subordinate Bonds, each notice of redemption shall be mailed by the Trustee, not less than twenty (20) days nor more than ninety (90) days prior to the redemption date, to each Holder and the Repository.

  • In connection with the issuance of the Subordinate Bonds and Junior Subordinate Bonds it is anticipated that the City will ultimately own and operate the Union Project Public Garage, but that the Union Project Public Garage will be managed by the Developer pursuant to a Revenue Procedure 2017-13 compliant management agreement.

  • If any Bonds are to be prepaid pursuant to Section 401(2) hereof, the Senior Bonds shall be prepaid first, and if there are no Senior Bonds then outstanding, then the Senior Subordinate Bonds shall be next prepaid, and if there are no other Bonds Outstanding, then the Junior Subordinate Bonds shall be prepaid.

  • No transfer will be made from the Junior Subordinate Bonds Debt Service Reserve Account to the Junior Subordinate Bonds Debt Service Account if any Senior Bonds or Senior Subordinate Bonds are Outstanding on such subject transfer date.

  • Principal of and interest on such Junior Subordinate Bonds shall be payable in such manner as may be specified in the Supplemental Trust Agreement creating such Series.

  • Notwithstanding any provisions of this Trust Agreement, including particularly Article X, the covenants and obligations set forth in this Section 6.08 shall survive the defeasance of the Junior Subordinate Bonds or any Series thereof.

  • The Authority will not directly or indirectly use or permit the use of any proceeds of the Junior Subordinate Bonds or any other funds of the Authority, or take or omit to take any action that would cause the Junior Subordinate Bonds to be “arbitrage bonds” within the meaning of section 148(a) of the Code.

  • Any fund or account created under any Supplemental Agreement to hold amounts required to be paid to the federal government of the United States of America shall not secure the Junior Subordinate Bonds.

  • Junior Subordinate Bonds may be paid from the proceeds of Additional Bonds only if the Senior Bonds and Senior Subordinate Bonds are being simultaneously paid in full.


More Definitions of Junior Subordinate Bonds

Junior Subordinate Bonds means Additional Bonds payable in whole or in part from any Subordinate Pledged Revenue available under clause THIRD of Section 3.05 hereof (and not from Subordinate Pledged Revenue available under SECOND of such Section 3.05). Any Junior Subordinate Bonds hereafter issued may be issued pursuant to such resolutions, indentures, or other documents as may be determined by the District.
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Junior Subordinate Bonds means "Junior Subordinate Bonds" as defined in the Indenture.
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Junior Subordinate Bonds means Bonds issued for the Union Public Project Garage payable from the Pledged Increment on a junior subordinate basis, following payment from the Pledged Increment of the Senior Bonds and the Subordinate Bonds. Laws shall mean all applicable laws, statutes, and/or ordinances, building codes, and any applicable governmental or judicial rules, regulations, guidelines, judgments, orders, and/or decrees, including without limitation the City’s Unified Development Ordinance, the Planned Units Development Ordinance that governs the Project Sites and all applicable environmental laws, as amended. Original LAA shall mean that certain June 1, 2021, Land Acquisition And Economic Development Agreement by and among ▇▇▇▇▇▇▇▇ Thrift Development, Inc. and the City Bodies concerning the Development Land, among other obligations and commitments of the parties thereto. Outside Closing Date shall mean for the (a) Crossing Project on or before October 31, 2026, if such project on Parcel 2 remains financially viable and Developer proceeds to develop such project on Parcel 2, and (b) Union Project on or before December 31, 2025, unless the Outside Closing Date is extended by the City in its sole discretion. In the event Developer or its affiliate do not close on Parcel 2 of the Crossing Project, such land shall remain Commercial Property subject to the Land Acquisition Agreement. Plat shall mean, for each of the Projects, the plat prepared by Developer that has received all final approvals on or before Closing and is recorded in the Office of the Recorder of Hamilton County, Indiana prior to or contemporaneous with other documents needed for Closing, which Plat is anticipated to create five (5) parcels and a horizontal property regime with multiple parcels. Pledged Increment shall mean, for the (a) Senior Bonds, (i) the Project Increment, and (ii) the Yard TIF (if available and needed to pay debt service on the Senior Bonds); (b) Subordinate Bonds, (i) the Project Increment following payment of the Senior Bonds, and (ii) the Yard TIF (if available and needed to pay debt service on the Subordinate Bonds and following payment of the Senior Bonds); and (c) the Junior Subordinate Bonds, the Project Increment following payment of the Senior Bonds and the Subordinate Bonds). Project(s) shall mean, individually or collectively, as applicable, the Crossing Project and the Union Project. Project Increment shall mean collectively, one hundred percent (100%) of the tax increment generat...
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Related to Junior Subordinate Bonds

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's _____% Junior Subordinated Deferrable Interest Debentures, issued pursuant to the Indenture.

  • Senior Subordinated Debt means the Securities and any other Indebtedness of the Company that specifically provides that it is to rank pari passu with other Senior Subordinated Debt of the Company and is not subordinated to any Indebtedness of the Company that is not Senior Debt.

  • Subordinate Bonds means all Bonds but Senior Bonds.