Subordinated Resolution definition

Subordinated Resolution means the Electric System General Subordinated Revenue Bond Resolution adopted by the Authority on May 20, 1998, as amended and supplemented.
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Subordinated Resolution means the Tennessee Valley Authority Subordinated Debt resolution adopted March 29, 1995, as amended and supplemented.
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Subordinated Resolution means the Agency’s Subordinated Power Supply Revenue Bond Resolution adopted March 4, 2004, as amended and supplemented from time to time.
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Examples of Subordinated Resolution in a sentence

  • There is no lien on the Trust Estate other than the liens created by or pursuant to the General Resolution and the Subordinated Resolution.

  • Contractor shall make good faith efforts to award subcontracts and supply agreements in at least 0% of the value of the Agreement to certified MWBEs. Contractor acknowledges that they have reviewed the requirements for good faith efforts on file with the Office of Business Opportunity (OBO), available at http://www.houstontx.gov/obo/docsandforms/goodfaithefforts.pdf, and will comply with the set forth requirements.

  • All funds and accounts created by the 1980 Resolution and 1991 Subordinated Resolution for the benefit of the Senior Bonds shall be kept in full force and effect and shall in every respect be used to service the Series 2015 Bonds in the same manner and with the same effect as the other Senior Bonds.

  • One such action involves the performance by the Authority’s Consulting Engineer and Rate Consultant (as such terms are defined in the General Bond Resolution and the General Subordinated Resolution) of an examination of, and preparation of a report on, the properties and operations of the System.

  • No portion of this 2015 Resolution is intended, nor shall be deemed, to amend, change or alter the 1980 Resolution, the 2005A Resolution, the 2005B Resolution, the 2006 Resolution, the 2008 Resolution and the 1991 Subordinated Resolution, and the Board hereby declares that each of the 1980 Resolution, the 2005A Resolution, the 2005B Resolution, the 2006 Resolution, the 2008 Resolution and the 1991 Subordinated Resolution are and shall remain in full force and effect.

  • The Series 2015 Bonds shall constitute (i) “Bonds” and additional parity bonds under the existing Senior Bond Resolutions and (ii) Senior Bonds under the 1991 Subordinated Resolution.

  • The Subordinated Resolution requires Net Electric Revenues to be at least equal to: i) 115% of the Aggregate Subordinated Debt Service Requirement; and ii) 100% of the aggregate principal and interest on both Senior Lien and Subordinate Lien obligations as well as on General Fund-secured Debt.

  • The OCS has the authority to remove any member with an actual or reasonably perceived conflict of interest or bias.

  • Innovation co-efficient now is more important than any other co-efficient.

  • The Subordinated Resolution shall not be modified or amended in any respect except as provided in and in accordance with and subject to the provisions of this Article X and Article XI.

Related to Subordinated Resolution

  • Certified Resolution means a copy of a resolution of the Board of Directors of the Company, certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted and to be in full force and effect on the date of such certification.

  • Series Resolution or “this Resolution” means this Resolution authorizing the issuance and sale of the Series 2020 Bonds in one or more series or sub-series, and including the applicable Certificate of Award for any such series.

  • Bond Resolution means the resolution to be adopted by the Governing Body prescribing the terms and details of the Bonds and making covenants with respect thereto.

  • Guarantor’s Board Resolution means a copy of one or more resolutions, certified by the Secretary or an Assistant Secretary of the Guarantor to have been duly adopted by the Guarantor's Board of Directors and to be in full force and effect on the date of such certification, delivered to the Trustee.

  • Authorizing Resolution means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities.

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Arrangement Resolution means the special resolution approving the Plan of Arrangement to be considered at the Company Meeting, substantially in the form of Schedule B.

  • unanimous resolution means, subject to subsection (3) -

  • Board Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee.

  • Board Resolutions means the board resolutions to be signed by us (where we are a company) pursuant to the opening of our Account(s) with you.

  • Amalgamation Resolution means the special resolution of the Shareholders concerning the Amalgamation to be considered at the Meeting, substantially in the form set out in Appendix A to the Circular;

  • Subordinated Indenture means the Subordinated Note Indenture, dated as of ________ __, 19__, between the Depositor and the Indenture Trustee, as supplemented by the Supplemental Indenture.

  • Supplemental Indenture is hereby deleted in its entirety.

  • Senior Subordinated Indenture means the Indenture, dated as of August 30, 2007, among the Company, the subsidiary guarantors party thereto from time to time and Xxxxx Fargo Bank, National Association, as trustee, governing the 13.5% Senior Subordinated Notes due 2015 of the Company, as the same may be amended, supplemented, waived or otherwise modified from time to time.

  • Borrowing Resolutions are, with respect to any Person, those resolutions substantially in the form attached hereto as Exhibit D.

  • Second Supplemental Indenture has the meaning set forth in the preamble hereto.

  • Indenture means this Indenture, as amended or supplemented from time to time.

  • First Supplemental Indenture has the meaning specified in the recitals of this Supplemental Indenture.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Sixth Supplemental Indenture means the supplemental indenture dated as of July 1, 1960, hereinbefore referred to.

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Resolution shall have the meaning specified in Section 8(E).

  • Third Supplemental Indenture has the meaning set forth in the Recitals.

  • Fourth Supplemental Indenture means the supplemental indenture dated as of December 1, 1954, hereinbefore referred to.