Commitment of the Net System Revenues Sample Clauses

Commitment of the Net System Revenues. (a) All Parity Obligations, including Parity Installment Payment Obligations, shall be secured by a prior first priority lien on and pledge of Net System Revenues, and within such lien priority, such Parity Obligations shall be of equal rank without preference, priority or distinction of any Parity Obligations over any other Parity Obligations. The City does hereby grant such first priority lien on and pledge of Net System Revenues to secure Parity Obligations. Such lien and pledge shall constitute a first priority lien on Net System Revenues. All Parity Obligations shall be of equal rank with each other without preference, priority or distinction of any Parity Obligations over any other Parity Obligations.
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Commitment of the Net System Revenues. (a) All Parity Obligations, including Parity Installment Payment Obligations, shall be secured by a prior first priority lien on and pledge of Net System Revenues, and w ithin such lien priority, such Parity O bligations shall be of equal rank w ithout preference, priority or distinction of any Parity Obligations over any other Parity Obligations. The City does hereby grant such first priority lien on and pledge of Net System Revenues to secure Parity Obligations. Such lien and pledge shall constitute a first priority lien on Net System Revenues. All Parity Obligations shall be of equal rank with each other without preference, priority or distinction of any Parity Obligations over any other Parity Obligations.

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