Senior Bonds definition

Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

Senior Bonds means all Bonds issued as Senior Bonds.

Senior Bonds means the Series A-1 Bonds and any additional bonds that are issued on a senior lien basis.

Examples of Senior Bonds in a sentence

• Secured Senior Bonds typically contain bondholder collective action clauses permitting specified majorities of bondholders to approve matters which, in a typical Senior Loan, would require unanimous lender consent.

• If a shortfall exists in the Senior Debt Service Fund immediately prior to a payment date on the Senior Bonds, moneys on deposit in the Senior Capital Reserve Fund sufficient to replenish the shortfall are required to be applied to the Senior Debt Service Fund for the payment of debt service on the Bonds.

• Characteristics and risks relating to the Portfolio Characteristics of Secured Senior Loans, Secured Senior Bonds, High Yield Bonds and Mezzanine Obligations The Portfolio Profile Tests provide that at least 92.5 per cent.

• The Senior Bonds are general obligations of the Corporation payable out of certain pledged Revenues and from other moneys pledged under the Senior Resolution including amounts on deposit in and earned on investment of the Senior Capital Reserve Fund.

• The Subordinate Bonds will be paid from the 1% Sales Tax and any other revenues deposited pursuant to the Senior Resolution that are transferred to the Senior Subordinated Payment Fund established under the Senior Resolution after sufficient amounts are deposited in the funds and accounts securing the Senior Bonds.

More Definitions of Senior Bonds

Senior Bonds means any voter-approved revenue bonds, revenue notes or other similar evidences of indebtedness of the City heretofore or hereafter issued pursuant to the City Charter for the acquisition, construction and financing or refinancing of extensions of, additions to, repairs and replacements to, renewals of, and improvements of the Electric System, payable out of Gross Revenues on a basis senior to the Qualified Obligations. At present, there are no Senior Bonds outstanding and no authorized but unissued Senior Bonds.

Senior Bonds means debt securities issued pursuant to an Indenture that is a Senior Debt Instrument.

Senior Bonds. (i) with respect to the 364-Day Tranche Loans, that certain First Mortgage Bond in the aggregate principal amount of $1,500,000,000 and (ii) with respect to the 18-Month Tranche Loans, those certain First Mortgage Bonds in the aggregate combined principal amount of $1,500,000,000, in each case, issued to the Administrative Agent pursuant to the Supplemental Indenture.

Senior Bonds means any revenue bonds, revenue notes or other similar evidences of indebtedness heretofore or hereafter issued by the City for the acquisition, construction and financing or refinancing of extensions of, additions to, repairs and replacements to, renewals of, and improvements of the Electric System, payable out of Gross Revenues on a parity with the First 1986 Bonds.

Senior Bonds means, collectively, the Series 2017 Bonds, the Series 2021 Bonds and any Additional Senior Bonds.

Senior Bonds means the Bonds designated as such by Supplemental Indenture.

Senior Bonds. With respect to a Series, any Bond other than a Subordinate Bond.