For Revenue-Secured Sample Clauses
The 'For Revenue-Secured' clause establishes that certain obligations or payments under an agreement are backed or guaranteed by specific revenue streams. In practice, this means that the party responsible for payment will use designated revenues—such as income from a particular project or business activity—to fulfill their commitments. This clause is commonly used in financing arrangements, such as municipal bonds or project finance, where lenders or investors seek assurance that their returns are tied to predictable revenue sources. Its core function is to provide security to the receiving party by earmarking specific revenues, thereby reducing the risk of non-payment.
For Revenue-Secured. Lien Position. This loan is a Revenue-Secured Debt of the RECIPIENT’s Utility. This loan shall constitute a lien and charge upon the Net Revenue junior and subordinate to the lien and charge upon such Net Revenue of any Senior Lien Obligations. In addition, if this loan is also secured by Utility Local Improvement Districts (ULID) Assessments, this loan shall constitute a lien upon ULID Assessments in the ULID prior and superior to any other charges whatsoever.