Common use of Creation of Lien Clause in Contracts

Creation of Lien. The escrow created hereby shall be irrevocable. The holders of the Refunded Bonds are hereby given an express lien on and security interest in the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement. The matured principal of and earnings on the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned and except as otherwise provided herein shall be applied solely for the payment of the principal of and redemption premium, if any, on the Refunded Bonds.

Creation of Lien. The escrow created hereby Escrow Fund shall be irrevocable. The holders owners of the Refunded Bonds are hereby given granted an express lien on on, and security interest in in, the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement. The matured principal of of, and earnings on on, the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned assigned, and except as otherwise provided herein shall be applied solely for the payment of the principal of and of, redemption premium, if any, and interest on the Refunded Bonds.

Creation of Lien. The escrow created hereby shall be irrevocable. The holders of the Refunded Bonds are hereby given an express lien on and security interest in the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement. The matured principal of and earnings on the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned and except as otherwise provided herein shall be applied solely for the payment of the principal of and redemption premium, if any, on the Refunded Bonds.Escrow

Creation of Lien. The escrow created hereby Escrow Fund shall be irrevocable. The holders owners of the Refunded Defeased Bonds are hereby given granted an express lien on on, and security interest in in, the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement. The matured principal of of, and earnings on on, the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned assigned, and except as otherwise provided herein shall be applied solely for the payment of the principal of and of, redemption premium, if any, and interest on the Refunded Defeased Bonds.