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. 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.

Examples of Senior Bond in a sentence

• Hilcorp Finance Co. , Senior Bond, 144A, 6%, 2/01/31 ........................

• This investment is in the form of a Senior Bond issued by SG Issuer and the Guarantor is Societe Generale.

• Your Investment in The Bond is held in the form of a Senior Bond issued by SG Issuer.

• Money remaining in the Revenue Fund shall be used by the Trustee to make or provide for all deposits, payments, or transfers certified by an Authorized Association Representative as being required by any agreement or other instrument creating or evidencing any obligation of the Association which is not a Senior Bond or Subordinate Bond, at the time and in the amount provided for in such instrument.

• The Company’s interest expense on the RRBs and Senior Bond, Series 04-A2 is calculated based on changes in the CPI; as such, interest expense in respect of these bonds will fluctuate due to the volatility and seasonal nature of the CPI.

More Definitions of Senior Bond

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.

Senior Bond means the Issuer’s Multifamily Housing Revenue Bond (Building 208 Apartments) Series 2020H in the original aggregate principal amount of $18,500,000 issued on December 27, 2018.

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 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 (West Third Apartments) Series 2018H-1 in the original aggregate principal amount of $23,000,000 issued on December 27, 2018.

Senior Bond. Any Class A Bond.

Senior Bond means, initially, the Bond; provided that the Bondholder Representative may designate any Authorized Denomination of Bond as “Senior Bond” pursuant to Article XVI in connection with the designation of a Subordinate Bond.