Senior Lien Bonds definition

Senior Lien Bonds means any indebtedness which is payable from the Tax Increment Revenues of the Area and which is outstanding on the date each Bond is issued.

Senior Lien Bonds means the Bonds and does not include the Junior Lien Bonds and Junior Lien Notes.

Senior Lien Bonds means the Outstanding Bonds and any additional bonds issued pursuant to the Prior Ordinances that are of equal standing and priority of lien with the Outstanding Bonds.

Examples of Senior Lien Bonds in a sentence

• The pledge of and lien on the System Pledged Revenues created by the Junior Lien Trust Agreement is subordinate to the pledge of and lien on the System Pledged Revenues created by the Senior Lien Trust Agreement to secure Senior Lien Bonds, all as defined in the Junior Lien Master Trust Agreement.

• Proceeds of each Series of Senior Lien Bonds or any Senior Lien Obligations shall be applied as specified in the Supplemental Indenture pursuant to which such Senior Lien Debt is issued or incurred.

• Notices of redemption of Senior Lien Bonds may be conditional to the extent and as set forth in the Supplemental Indenture pursuant to which such Senior Lien Bonds were issued.

• Until so exchanged, the temporary Senior Lien Bonds shall be entitled to the same benefits under this Indenture as definitive Senior Lien Bonds authenticated and delivered hereunder.

• The Senior Lien Bonds may be issued in temporary form exchangeable for definitive Senior Lien Bonds when ready for delivery.

More Definitions of Senior Lien Bonds

Senior Lien Bonds means any Bonds so designated in the applicable Series Resolution authorizing such Senior Lien Bonds. With respect to the 2006 Bonds, “Senior Lien Bonds” means all 2006 Bonds.

Senior Lien Bonds means bonds and other obligations that qualify as “Subordinate Lien Bonds” as that term is defined in Ordinance No. 323.

Senior Lien Bonds means, collectively, the Outstanding Senior Lien Bonds and any Senior Lien Parity Bonds.

Senior Lien Bonds means any bonds hereafter issued that are of superior standing and priority of lien with respect to the Bonds and the Outstanding Junior Lien Bonds.

Senior Lien Bonds means, as to any Bonds, Prior Bonds or Additional Bonds, a Bond, Prior Bond or Additional Bond secured on a senior lien basis by all or a portion of the Pledged Revenues.

Senior Lien Bonds means the Outstanding Senior Lien Bonds, which have a statutory first lien on the Net Revenues, and any additional bonds of equal standing with the Outstanding Senior Lien Bonds hereafter issued.

Senior Lien Bonds means the Series 2019 Bonds, while they remain outstanding, and any Additional Bonds.