Senior Bond or “Senior Bonds” means any Bond or Bonds other than any Bond of a Series which in accordance with its term is a Subordinated Bond.
Senior Bond. With respect to a Series of Senior/Subordinated Bonds, a Bond of a Class of such Series which Class is preferred in right of payment of principal and/or interest to the Classes of Junior Bonds of such Series, as more particularly described in the related Series Supplement.
Examples of Senior Bond in a sentence
The issuance to the Administrative Agent of the Senior Bond provides the Lenders, as beneficial holders of the Senior Bond through the Administrative Agent, the benefit of the Lien of the FMB Indenture equally and ratably with the holders of other First Mortgage Bonds.
More Definitions of Senior Bond
Senior Bond means any Outstanding bond or Outstanding bonds payable from the Senior Debt Service Account of the Bond Fund under the Ordinance, and includes expressly the Series 1999 Bonds, the Series 2000B Bonds, the Series 2007A Bonds and the Bonds.
Senior Bond means any Bond so designed in the Supplemental Indenture authorizing issuance of such Bond, which, whether or not so stated in the Supplemental Indenture authorizing such Senior Bond, shall be of equal Priority with all other Senior Bonds and shall have a Priority over all Subordinate Bonds.
Senior Bond. Any Class A Bond.
Senior Bond means the Issuer’s Multifamily Housing Revenue Bond (West Third Apartments) Series 2018H-1 in the original aggregate principal amount of $23,000,000 issued on December 27, 2018.
Senior Bond means the Issuer’s Multifamily Housing Revenue Bond (Building 205 Apartments) Series 2020G in the original aggregate principal amount of $20,500,000 issued on December 27, 2018.
Senior Bond means, initially, the Bond; provided that the Bondholder Representative may designate any Authorized Denomination of Bond as “Senior Bond” pursuant to Article XVI in connection with the designation of a Subordinate Bond.
Senior Bond means the Issuer’s Multifamily Housing Revenue Bond (Building 208 Apartments) Series 2020H in the original aggregate principal amount of $18,500,000 issued on December 27, 2018.