Outstanding Parity Bonds definition

Outstanding Parity Bonds means any bonds payable from the Pledged Sales Tax.

Examples of Outstanding Parity Bonds in a sentence

  • The amount ofP202,175.67 representing overpayment of increased local business taxes under Section 17, under the rates imposed by Ordinance Nos.

  • The Bonds shall be secured by and payable solely from, equally with the Outstanding Parity Bonds, an irrevocable pledge and dedication of the avails or proceeds of the Tax.

  • Additional bonds may be issued on and enjoy a full and complete parity with the Bonds with respect to the revenues of the Tax, provided that the anticipated Tax revenues in the year in which the additional bonds are to be issued, as reflected in the budget adopted by the Issuer, must be at least 1.50 times the combined principal and interest requirements for any calendar year on the Bonds, the Outstanding Parity Bonds and the said additional bonds.

  • The Bonds shall be secured by and payable, equally with the Outstanding Parity Bonds, in principal and interest solely from an irrevocable pledge and dedication of the Net Revenues of the Tax.

  • In compliance with the Tax Ordinance, all of the Net Revenues of the Tax shall continue to be set aside in a separate fund, as provided in the Outstanding Parity Bond Ordinance and as herein provided and shall be and remain pledged for the security and payment of the Bonds and the Outstanding Parity Bonds in principal and interest and for all other payments provided for in this Bond Ordinance until the Bonds and the Outstanding Parity Bonds shall have been fully paid and discharged.


More Definitions of Outstanding Parity Bonds

Outstanding Parity Bonds means the Issuer's unrefunded Limited Tax Revenue Bonds, Series 2010, dated December 1, 2010 and maturing March 1, 2020.
Outstanding Parity Bonds means the Outstanding Series 2011A Bonds, Series 2012D Bonds, Series 2012E Bonds, and Series 2014 Bonds.
Outstanding Parity Bonds means the Issuer's outstanding (i) Limited Tax Revenue Bonds, Series 2010 and (ii) Limited Tax Revenue Refunding Bonds, Series 2019, as described in the preamble hereto.
Outstanding Parity Bonds means, as of the date of this Eleventh Supplemental Ordinance, the Bonds of 2009, the Bonds of 2010, the Bonds of 2011A, the Bonds of 2011B, the Bonds of 2012 and the Bonds of 2013.
Outstanding Parity Bonds means the Outstanding Series 2011A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, Series 2019 Bonds, and Series 2020A Bonds; the Series 2020B Bonds have been issued but are not yet Outstanding under the terms of the Series 2020B Bond Resolution.
Outstanding Parity Bonds means the bonds of the Municipality that have been issued or incurred prior to the Loan Effective Date and standing on a parity and equality with the Loan with respect to the Lien on the Net Revenues, including but not limited to the WIFIA Bond.
Outstanding Parity Bonds means the Issuer's (i) unrefunded 2013 Bonds and