2.4.6.1 Additional Debt Issued under Existing Bond Documents

An additional debt test in a set of bond documents may impose conditions upon the issuance of additional obligations under the bond documents (e.g., another series of bonds or certificates of participation secured by a common debt service reserve fund or lease payments with respect to a specific property or portfolio of properties). The bond documents may, in that case, require that all debt secured thereby pay interest and principal on the same dates and require that additional assets (reserve fund deposits or properties) be added when new debt is issued.