Outstanding Parity Bond Ordinances definition

Outstanding Parity Bond Ordinances collectively, shall mean the ordinances adopted by the Governing Authority on July 27, 2011 and January 8, 2020, respectfully, authorizing the issuance of the Outstanding Parity Bonds.
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Outstanding Parity Bond Ordinances means, collectively, the ordinances adopted by the Issuer on November 13, 2014, August 11, 2016, and November 9, 2017, authorizing the issuance of the Outstanding Parity Bonds.
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Outstanding Parity Bond Ordinances means the ordinances adopted by this Governing Authority on September 23, 1998, October 25, 2000 and June 25, 2003, which authorize the issuance of the Outstanding Parity Bonds.
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Examples of Outstanding Parity Bond Ordinances in a sentence

  • The applicable conditions of the Outstanding Parity Bond Ordinances having been or to be complied with in connection with the issuance of the Bonds, the pledge contained herein of Net Revenue and ULID Assessments to pay and secure the payment of the Bonds shall constitute a lien and charge upon such Net Revenue and ULID Assessments equal in rank with the lien and charge upon the Net Revenue and ULID Assessments to pay and secure the payment of the Outstanding Parity Bonds.

  • No Additional Parity Bonds may be issued should any event of default under this Bond Ordinance or the Outstanding Parity Bond Ordinance(s) have occurred and be continuing.

  • Furthermore, the City will comply with the parity requirements outlined in the Outstanding Parity Bond Ordinance(s) and will deliver at or prior to delivery of the Bonds a parity certification in substantially the form attached hereto as Exhibit C.

  • This Governing Authority finds and determines that the parity requirements of the Outstanding Parity Bond Ordinance(s) have been satisfied.

  • The parity requirements of the Outstanding Parity Bond Ordinances are being complied with in connection with the issuance of the Bonds, and a parity certification in substantially the form attached hereto as Exhibit C will be delivered at the time of delivery of the Bonds.

  • The Bonds shall be issued as Covered Bonds, and if necessary, this ordinance provides for payments into the Reserve Account of amounts and at the times required by the Outstanding Parity Bond Ordinances.

  • Pursuant to the Outstanding Parity Bond Ordinances, the City is required to maintain separate sub- accounts in the Combined Utility Bond Reserve Account for each separate issue included in the Outstanding Parity Bonds and the 2019B Bonds (if any).

  • The Bonds are hereby issued on a parity with the Outstanding Parity Bonds, and the Bonds shall rank equally with and shall enjoy complete parity of lien with the Outstanding Parity Bonds on all of the Net Revenues of the Tax or other funds specially applicable to the payment of the Outstanding Parity Bonds, including funds established by the Outstanding Parity Bond Ordinances.

  • After all payments and credits required at the time to be made under the provisions of paragraphs (a) and (b) above have been made there shall next be paid and credited on the first day of each month to the Outstanding Parity Bond Debt Service Accounts for the Parity Bonds and the Bonds such amounts, if any, as shall be required to be paid and credited to the such reserve funds pursuant to the Outstanding Parity Bond Ordinances.

  • This provision shall not be deemed to modify the provisions of the Outstanding Parity Bond Ordinances with respect to the deposit to, and use of moneys in, the Depreciation and Replacement Accounts in accordance with the Outstanding Parity Bond Ordinances.


More Definitions of Outstanding Parity Bond Ordinances

Outstanding Parity Bond Ordinances means the ordinances adopted by this Governing Authority on June 25, 2003, August 10, 2005, September 17, 2008, as supplemented
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Outstanding Parity Bond Ordinances means the ordinances adopted by this Governing Authority on September 14, 1994, and September 23, 1998, which authorize the issuance of the Outstanding Parity Bonds.
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Outstanding Parity Bond Ordinances means, collectively, (i) the ordinance adopted by the Issuer on January 22, 2018, authorizing the issuance of the Series 2018 Bonds and (ii) the ordinance adopted by the Issuer on November 26, 2018, authorizing the issuance of the Series 2019 Bonds.
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Outstanding Parity Bond Ordinances of the City means (i) Ordinance No. 11797 passed on April 4, 2007, authorizing the issuance of the Series 2007 Bonds, (ii) Ordinance No. 11829 passed on April 1, 2008, authorizing the issuance of the Series 2008 Bonds and (iii) Ordinance No. 11902 passed on December 21, 2009, authorizing the issuance of the Series 2009 Bonds.
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Related to Outstanding Parity Bond Ordinances

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Parity Bonds means bonds payable from the revenues of the System other than the Bonds but issued on a parity and equality with the Bonds pursuant to the restrictive provisions of Section 11 of this Resolution;

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Percentage of Class B Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Required Subordinated Amount means, as of a date, the sum of:

  • Required Subordinated Percentage of Class C Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).

  • Required Subordinated Percentage of Class D Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;