Parity Indebtedness means, collectively, the Parity Bonds and Parity Obligations.
Parity Indebtedness means (i) any class or series of the Partnership’s indebtedness currently outstanding or hereafter created which expressly ranks on a parity with the Partnership’s guarantee of the Notes and (ii) any class or series of the Issuer’s indebtedness currently outstanding or hereafter created which expressly ranks on a parity with the Notes.
Parity Indebtedness means obligations issued in compliance with Section 5 of this Declaration which are secured by a lien on, and pledge of, the Security which is on a parity with the lien on, and pledge of, the Security which secures the 2010 Series A Bonds.
Examples of Parity Indebtedness in a sentence
Before any such Series of refunding second senior bonds shall be issued under the provisions of this Section, the Authority shall adopt a resolution or resolutions authorizing the issuance of such bonds, fixing the amount thereof and describing the bonds or Parity Indebtedness to be redeemed or paid.
Except as otherwise provided in a Supplemental Agreement, the Bond Registrar shall keep books for the registration of and for the registration of transfer of bonds, and, if so provided by Supplemental Agreement, Parity Indebtedness, as provided in this Agreement.
More Definitions of Parity Indebtedness
Parity Indebtedness means the 2081 Notes and any other class or series of the Partnership’s indebtedness currently outstanding or hereafter created which ranks on a parity with the Partnership’s guarantee of the Notes as to distributions upon liquidation, dissolution or winding-up.
Parity Indebtedness means Indebtedness of the Company secured on a parity basis with the Bonds, except to the extent provided in Section 8.13 of the Loan Agreement.
Parity Indebtedness means, collectively or individually, as the context requires, the Parity Bonds and the Parity Obligations.
Parity Indebtedness means any Indebtedness issued under Section 7.07 of the Resolution, as described in this Appendix under the caption “Parity Indebtedness.”
Parity Indebtedness for the 4.875% Notes means (i) any class or series of BEP’s indebtedness outstanding as of December 9, 2021 or thereafter created which expressly ranks on a parity with BEP’s guarantee of the 4.875% Notes and (ii) any class or series of the Issuer’s indebtedness outstanding as of December 9, 2021 or thereafter created which expressly ranks on a parity with the 4.875% Notes.
Parity Indebtedness means the existing indebtedness as of the date of issuance of the Bonds that is described under the heading "SECURITY AND SOURCES OF PAYMENT FOR THE BONDS – Other Bonds" and subject to the Intercreditor Agreement, and any additional indebtedness secured on a parity with the Bonds in accordance with the Loan Agreement.
Parity Indebtedness for the 4.625% Notes means (i) any class or series of BEP’s indebtedness outstanding as of April 15, 2021 or thereafter created which expressly ranks on a parity with BEP’s guarantee of the 4.625% Notes and (ii) any class or series of the Issuer’s indebtedness outstanding as of April 15, 2021 or thereafter created which expressly ranks on a parity with the 4.625% Notes.