Senior Bond definition
Senior Bond or “Senior Bonds” means any Bond or Bonds other than any Bond of a Series which in accordance with its term is a Subordinated Bond.
Senior Bond that certain First Mortgage Bond in the aggregate principal amount of $500,000,000 issued to the Administrative Agent pursuant to the Supplemental Indenture on the Effective Date.
Senior Bond means any Bond so designed in the Supplemental Indenture authorizing issuance of such Bond, which, whether or not so stated in the Supplemental Indenture authorizing such Senior Bond, shall be of equal Priority with all other Senior Bonds and shall have a Priority over all Subordinate Bonds.
Examples of Senior Bond in a sentence
The issuance to the Administrative Agent of the Senior Bond provides the Lenders, as beneficial holders of the Senior Bond through the Administrative Agent, the benefit of the Lien of the FMB Indenture equally and ratably with the holders of other First Mortgage Bonds.
More Definitions of Senior Bond
Senior Bond. With respect to a Series of Senior/Subordinated Bonds, a Bond of a Class of such Series which Class is preferred in right of payment of principal and/or interest to the Classes of Junior Bonds of such Series, as more particularly described in the related Series Supplement.
Senior Bond. Any one of the Class A, Class A-R or Class X Bonds.
Senior Bond. (i) that certain First Mortgage Bond in the aggregate principal amount of $3,500,000,000 issued to the Designated Agent pursuant to the Supplemental Indenture, dated as of the Effective Date (which First Mortgage Bond was cancelled as of the Amendment No. 1 Effective Date), (ii) that certain First Mortgage Bond in the aggregate principal amount of $4,000,000,000 issued to the Designated Agent pursuant to the Supplemental Indenture, dated as of the Amendment No. 1 Effective Date, (iii) that certain First Mortgage Bond in the aggregate principal amount of $4,400,000,000 issued to the Designated Agent pursuant to the Supplemental Indenture, dated as of the Amendment No. 2 Effective Date, as amended as of the Amendment No. 3 Effective Date, and (iv) any new First Mortgage Bonds issued to the Designated Agent pursuant to any Supplemental Indenture acceptable to the Designated Agent in accordance with the issuance of such new First Mortgage Bonds pursuant to Sections 2.3(g) or 2.7(a).
Senior Bond means any Outstanding bond or Outstanding bonds payable from the Senior Debt Service Account of the Bond Fund under the Ordinance, and includes expressly the Series 1999 Bonds, the Series 2000B Bonds, the Series 2007A Bonds and the Bonds.
Senior Bond means the Issuer’s Multifamily Housing Revenue Bond (Building 205 Apartments) Series 2020G in the original aggregate principal amount of $20,500,000 issued on December 27, 2018.
Senior Bond. Any Class A Bond.
Senior Bond means the Issuer’s Multifamily Housing Revenue Bond (Broadway Apartments) Series 2019G in the original aggregate principal amount of $6,500,000 issued on June 6, 2019.