Examples of Recovery Obligations in a sentence
After all payments are made to the Bond Account, as described above, and for Authority operating expenses, money on deposit in the Collection Account will be applied in accordance with a quarterly retention method adopted by the Authority to provide for payment of debt service on Recovery Obligations and other Parity Debt.
The Fixed Rate Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).
The Series 2013 Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).
Interest on and principal of the Fixed Rate Bonds are payable from Tax Revenues of the Authority subordinate to Senior Debt Service and operating expenses of the Authority and on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with the Authority’s Recovery Obligations.
In addition, the Act was amended in September 2001 to permit the Authority to have outstanding an additional $2.5 billion of its Recovery Obligations.
The Series B Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).
The money in each subaccount of the Recovery Account shall be held in trust and, except as otherwise provided, shall be applied solely to the payment of Recovery Obligations and Parity Debt payable therefrom.
The Reoffered Bonds are Subordinate Bonds secured on a party with the Authority’s Recovery Obligations and other Parity Debt.
For information relating to anticipated issuance of Future Tax Secured Bonds, see “—Plan of Finance.”The Act also permits the Authority to have outstanding an additional $2.5 billion of its Recovery Obligations.
Except as contemplated by Section 2.05 or 2.07, neither Party nor any of its Affiliates shall knowingly take any action which would substantially interfere with or substantially increase the cost of the other Party providing (or causing to be provided) any of the Services or access to the Facilities.