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.

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

• Each Note will be and each Loan Note has been duly and validly issued under the Master Debt Resolution and the First Supplemental Debt Resolution and entitled to the benefits thereof as Senior Subordinate Lien Obligations.

• 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.

• Subordinate Lien Obligations shall be in all respects of equal dignity and on parity with any then Outstanding Subordinate Lien Obligations.

• Each Series of Subordinate Lien Obligations shall be created and delivered pursuant to a Supplemental Agreement.

• Junior and Subordinate Lien Obligations 31 ARTICLE X DEFAULTS AND REMEDIES SECTION 10.01.

More Definitions of Subordinate Lien Obligations

Subordinate Lien Obligations means those revenue bonds or other revenue

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 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 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 any bonds, notes or other obligations, including contractual obligations incurred by TIRZ Five in accordance with the terms of the Project and Financing Plan, secured in whole or in part by liens on the Pledged Revenues that are junior and subordinate to the lien on the Pledged Revenues securing payment of the Tax Increment Revenue Obligations.

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

Subordinate Lien Obligations means any bonds or other obligations permitted to be issued pursuant to the Section hereof entitled “Additional Senior, Parity, and Subordinate Lien Obligations,” with a lien on the Net Revenues and payable from the Net Revenues, which are subordinate to the lien of the Bonds and the Parity Lien Obligations.