Outstanding Parity Obligations definition

Outstanding Parity Obligations means obligations issued and outstanding having a lien payable from Net Revenues of the System on a parity with the Loan Agreement.

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Outstanding Parity Obligations means the leases or other obligations, other than the Parity Bonds, of the Municipality that have been issued or incurred prior to the Loan Effective Date, payable from the Net Revenues and standing on a parity and equality with the Parity Bonds with respect to the Lien on the Net Revenues, including but not limited to the WIFIA Credit Agreement.

Outstanding Parity Obligations means, collectively, the Issuer’s obligations with respect to the Unrefunded Series 2014 Bonds, the Unrefunded Series 2015 Bonds, the Series 2016 Bonds, the 2016 Loan Agreement and the Series 2021 Bonds.

Examples of Outstanding Parity Obligations in a sentence

The obligation to make the foregoing transfer shall be on a parity with the obligation to fund any interest accounts now existing or henceforth created under the Agreement with respect to any Outstanding Parity Obligations, without preference or priority, and in the event of any insufficiency of such moneys ratably without any discrimination or preference.
Nothing contained in this Section shall be construed as limiting any authority granted elsewhere herein to incur the Outstanding Parity Obligations, this Agreement or Additional Parity Obligations nor be deemed a limitation upon the issuance of bonds, notes or other obligations under any law pertaining to the City secured by moneys, income and funds other than Net Revenues and other moneys and investments pledged hereunder or under the Trust Agreement.
The amounts due under this Agreement, the Outstanding Parity Obligations and Additional Parity Obligations shall be equally and ratably secured by said pledge and lien without one having priority over the other.
The parties hereto hereby acknowledge and agree that the Series 2010 Bonds are secured on a parity with any Outstanding Parity Obligations issued under the Agreement.
The parties hereto hereby and forever hereafter acknowledge and agree that the Series 2010 Bonds constitute “Bonds” and “Parity Obligations” as defined in the Original Agreement and that the Series 2010 Bonds are secured on a parity with any Outstanding Parity Obligations issued under the Agreement, including the Prior Bonds and any Additional Bonds.

More Definitions of Outstanding Parity Obligations

Outstanding Parity Obligations means, collectively, the Issuer’s outstanding (i) Refunding Bonds, Series 2002, dated December 1, 2002; (ii) Certificates of Indebtedness, Series 2004, dated April 1, 2004; and (iii) Certificates of Indebtedness, Series 2005, dated April 27, 2005, described in the preambles of this Bond Resolution.

Outstanding Parity Obligations means (1) the State Environmental Improvement and Energy Resources Authority Water Pollution Control and Drinking Water Revenue Bonds (State Revolving Funds Programs), Series 2005C and the related promissory note dated November 30, 2005 from the Corporation to the Authority in the original principal amount of $17,625,000; (2) the State Environmental Improvement and Energy Resources Authority Water Pollution Control and Drinking Water Revenue Bonds (State Revolving Funds Programs), Series 2005A and the related promissory note dated May 1, 2005 from the Corporation to the Authority in the original principal amount of $23,000,000; and (3) the State Environmental Improvement and Energy Resources Authority Water Pollution Control and Drinking Water Revenue Bonds (State Revolving Funds Programs – Master Trust), Series 2001C and the related promissory note dated November 1, 2001 from the Corporation to the Authority in the original principal amount of $2,370,000.

Outstanding Parity Obligations means the outstanding (i) Certificates of Indebtedness, Series 1999, dated January 1, 1999; (ii) Road Bonds, Series 2001, dated November 1, 2001; (iii) Road Bonds, Series 2001-B, dated December 1, 2001; and (iv) Road Bonds, Series 2005, dated March 1, 2005.

Outstanding Parity Obligations means the outstanding Series 2001 Bonds, Series 2001-B Bonds and Series 2005 Public Building Bonds.

Outstanding Parity Obligations means the Series 1991 Refunding Bonds and the Series 2011 Refunding Bonds.

Outstanding Parity Obligations means the (i) Issuer’s Certificates of Indebtedness, Series 1999, (ii) Road Bonds, Series 2001, and (iii) Road Bonds, Series 2001-B, as more fully described in the preambles to this ordinance.

Outstanding Parity Obligations means the 1982 Sewer Bonds, the SWRCB Installment Sale Agreement and the 2020 Installment Purchase Contract.