Common use of Additional Secured Obligations to be Equally Secured Clause in Contracts

Additional Secured Obligations to be Equally Secured. Any series of Secured Obligations which may be authorized and issued pursuant to Article II of the Original Indenture shall be entitled to be secured under this Indenture equally and ratably with Secured Obligations theretofore issued and then Outstanding with no priority of any series of Secured Obligations over any other series of Secured Obligations (subject to subparagraph (b)(xi) of Section 2.02 of the Original Indenture).

Appears in 9 contracts

Samples: Supplemental Master Mortgage Indenture (Tri-State Generation & Transmission Association, Inc.), Supplemental Master Mortgage Indenture (Tri-State Generation & Transmission Association, Inc.), Power Purchase Agreement (Tri-State Generation & Transmission Association, Inc.)

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