NO IMPAIRMENT; RECEIPT OF FRANCHISE FEES Sample Clauses

NO IMPAIRMENT; RECEIPT OF FRANCHISE FEES. The pledging of the Franchise Fees in the manner provided herein shall not be subject to repeal, modification or impairment by any subsequent ordinance, resolution, agreement or other proceedings of the City. The City covenants to do all things necessary on its part to impose and collect the full amount of Franchise Fees. The City shall not use the proceeds of the Series 2014A Note in any manner that could jeopardize the City's continued ability to impose and collect the Franchise Fees. The City shall not repeal or amend the Franchise Fees Ordinance in any manner that may adversely affect the Noteholder and its security hereunder nor reduce or eliminate the level at which the Franchise Fees are imposed without the written consent of the Noteholder.
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Related to NO IMPAIRMENT; RECEIPT OF FRANCHISE FEES

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