Parity Debt means Recovery Obligations and Bonds or Notes payable from the Recovery and Parity Debt Account on a parity with the Recovery Bonds or Recovery Notes, respectively.
Parity Debt means any debt obligations issued that are on an equal commercial lien position with this Loan.
Parity Debt means any Debt issued or incurred by or on behalf of the Borrower and secured on a parity with the Lien on the Collateral securing the payment of the principal and purchase price of and interest on the Note and the Loan Obligations.
Examples of Parity Debt in a sentence
No default by the Borrower has occurred and is continuing in the payment of the principal or premium, if any, of or interest on any Parity Debt including, without limitation, regularly scheduled payments on Swap Contracts which constitute Parity Debt.
More Definitions of Parity Debt
Parity Debt means any additional bonds, loans, advances or indebtedness issued or incurred by the Successor Agency on a parity with the 2018 Bonds pursuant to Section 3.05, whether issued as Bonds under a Supplemental Indenture or issued under a Parity Debt Instrument.
Parity Debt means Indebtedness of the Borrower (a) (other than the Notes) incurred in accordance with clauses (i), (ii) and (iii) of Section 7B.2 and (b) Additional Parity Debt.
Parity Debt means the Bonds and any Indebtedness, installment sale obligation, lease obligation or other obligation of the Agency having an equal lien and charge upon the Subordinate Housing Set-Aside Amounts and therefore payable on a parity with the Bonds or an obligation of the Agency the regularly scheduled payments of which are payable on a parity with the Bonds.
Parity Debt means any obligations of the Enterprise payable from and with a lien on the Net Pledged Revenues on a parity basis with the 2019 Note and the 2020 Note.
Parity Debt means any bonds, notes or other obligations that are payable from and secured by a lien on Tax Revenues that is on parity with the lien under this Indenture.
Parity Debt means any additional tax allocation bonds, notes, interim certificates, debentures or other obligations issued by the Successor Agency as permitted by this Indenture payable out of Tax Revenues and ranking on a parity with the Bonds.
Parity Debt means the Repayment Installments, any Prior Obligations, and any Parity