Parity Bonds definition

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;

Parity Bonds means additional bonds or obligations issued on a parity as to pledge and lien with the Bonds in accordance with the provisions of Section 7 of this Resolution.

Parity Bonds means the Bonds and any Future Parity Bonds.

Examples of Parity Bonds in a sentence

• The following table shows the outstanding amounts of the Outstanding Parity Bonds as of April 1, 2024.

• The Bond shall stand on a parity and be equally and ratably secured with respect to the payment of principal and interest from the Net Revenuesand in all other respects with any Parity Bonds.

• OUTSTANDING AND PROPOSED DEBT SERVICE REQUIREMENTSSanitary Sewer Fund Supported Bonds City of Reno, Nevada Fiscal Year Ended June 30Outstanding Sanitary Sewer Fund SupportedBonds 1/Proposed Bonds Pro Forma Debt Service PrincipalInterest 2/TotalCombined TotalDebt Service 1/ See page 7 for a list of the outstanding amounts of the Outstanding Parity Bonds as of April 1, 2024.

• Under the conditions set forth in the Ordinance, the City has the right to (i) issue additional Parity Bonds payable from the same source and secured by the same Net Revenues as the Bond and (ii) issue additional bonds which are junior and subordinate to the Bond; provided, however, that such additional bonds and other obligations may be so issued only in accordance with and subject to the covenants, conditions and restrictions relating thereto set forth in the Ordinance.

• The Proposed Bonds will be general obligations of the City supported by the Net Pledged Revenues after payment of the debt service on the Outstanding Parity Bonds.

More Definitions of Parity Bonds

Parity Bonds means the Outstanding Parity Bonds, the Bonds and any

Parity Bonds means the Outstanding Parity Bonds, the Series 2020C Bonds and any Additional Bonds hereafter issued or incurred pursuant to the Bond Resolution and standing on a parity and equality with the Series 2020C Bonds with respect to the Net Revenues.

Parity Bonds means all Bonds which are currently Outstanding and any other Bonds which may be issued under the Master Resolution prior to the issuance of the Refunding Bonds.

Parity Bonds means the Previously Issued Parity Bonds and any additional bonds or other obligations hereafter issued or incurred pursuant to Section 902 hereof and standing on a parity and equality with the Bonds with respect to the payment of principal and interest from the Net Revenues of the System.

Parity Bonds means any bonds issued on a parity with the Series NN-2022 Bonds and the Outstanding Bonds pursuant to the 1949 Resolution;

Parity Bonds means collectively: (a) the Outstanding Parity Bonds; (b) the Series 2019A Bonds; and (c) any Additional Bonds hereafter issued or incurred pursuant to the Bond Resolution and standing on a parity and equality with the Bonds described in (a) and (b) hereof with respect to the Pledged Revenues.

Parity Bonds means collectively the Outstanding Bonds, the Bonds and bonds hereafter issued on a parity therewith.