Subordinate Lien Obligations definition

Subordinate Lien Obligations means any Additional Obligations payable from, and secured by a lien on, the Revenues, which lien is junior to that of any Parity Obligations.

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Subordinate Lien Obligations means the obligations permitted to be issued by the City pursuant to Section 6.2 hereof.

Subordinate Lien Obligations means the obligations of the City under the City’s Commercial Paper Notes, Series A and the documents pertaining thereto.

Examples of Subordinate Lien Obligations in a sentence

The provision for any subaccount of the Subordinate Lien Reserve Account related to a Series of Subordinate Lien Obligations shall be set out in the Supplemental Agreement related thereto, including any reserve requirement, requirement to make up any deficiency in such account and disposition of any excess moneys and investments therein.
The District may issue at any time Subordinate Lien Obligations and enter into Subordinate Financial Products Agreements and Subordinate Credit Facility Obligations, provided that no events of default have occurred and are continuing under the Senior Bond Resolution, this Indenture, any Parity Bond Resolutions, any Parity Bond Indentures, any Parity Financial Products Agreements or any Parity Credit Facility Obligations.
To the extent and in the manner provided in this Section, the Corporation reserves and shall have the right and power to issue or incur, at one time or from time to time, Subordinate Lien Obligations, including Subordinate Lien Credit Agreements, which Subordinate Lien Obligations, when issued or incurred, shall be secured by and payable from a lien on and pledge of the Trust Estate subordinate to any Senior Lien Obligations.
A written certificate by a Responsible Officer that the requirements of (i) and (ii) above have been met shall conclusively determine the right of Denver Water to authorize, issue, sell and deliver additional Subordinate Lien Obligations.
Subordinate Lien Obligations shall be in all respects of equal dignity and on parity with any then Outstanding Subordinate Lien Obligations.

More Definitions of Subordinate Lien Obligations

Subordinate Lien Obligations means those revenue bonds or other revenue

Subordinate Lien Obligations means those bonds, notes, or other obligations of the Board, including the Commercial Paper Notes, payable from, and secured by a lien on and a pledge of, the Available University Fund Share that is junior and subordinate to the pledge of and lien on the Available University Fund Share that secures the Parity Obligations.

Subordinate Lien Obligations means the Commercial Paper Notes, the Bank Note and any additional Subordinate Lien Obligations

Subordinate Lien Obligations means (i) any bonds, notes, warrants, or other Debt issued by the Authority that are payable, in whole or in part, from and equally and ratably secured by a lien on and pledge of the Net Operating Revenues, such pledge being subordinate and inferior to the lien on and pledge of the Net Operating Revenues that are or will be pledged to the payment of any Parity Obligations issued by the Authority, and (ii) obligations hereafter issued to refund any of the foregoing if issued in a manner that provides that the refunding bonds are payable from and equally and ratably secured, in whole or in part, by a lien on and pledge of the Net Operating Revenues on a parity with the Subordinate Lien Obligations.

Subordinate Lien Obligations means any bonds, notes, warrants, contractual obligations or other obligations issued or incurred by the Town that are payable, in whole or in part, from and equally and ratably secured by a lien on and pledge of the Pledged Revenues, such pledge being subordinate and inferior to the lien on and pledge of the Pledged Revenues that are or will be pledged to the payment of any Bonds Similarly Secured issued by the Town.

Subordinate Lien Obligations means the $3,975,000 Board of Supervisors for the University of Louisiana System Revenue Refunding Bonds (Louisiana Tech University Project) Series 2012, of which $440,000 is currently Outstanding, which are secured by a pledge of Auxiliary Revenues subordinate to the pledge of the Series 2022 Bonds.

Subordinate Lien Obligations means the ▇▇▇▇▇ Portion and any additional Securities payable in whole or in part from the Pledged Revenues and having a lien on the Pledged Revenues which is subordinate to the lien thereon of the Bonds but does not include any Credit Facility Obligations or Financial Products Agreements relating to any such Subordinate Lien Obligations.