Common use of Obligation to Make Derivative Product Payments Clause in Contracts

Obligation to Make Derivative Product Payments. The obligations of the Authority to make fixed rate interest payments to the Reciprocal Payors under the Derivative Products relating to the 2020A-1 Bonds are Class I Obligations under the Indenture, and the obligation of the Authority to make other payments under the Derivative Products is a General Obligation of the Authority and is not secured by the Trust Estate. Regularly scheduled payments under such Derivative Products shall be deemed to be interest for purposes of Section 4.6(c)(i)(C) of the Master Indenture.

Obligation to Make Derivative Product Payments. The obligations of the Authority to make fixed rate interest payments to the Reciprocal Payors under the Derivative Products relating to the 2020A-1 2019C Bonds are Class I Obligations under the Indenture, and the obligation of the Authority to make other payments under the Derivative Products is a General Obligation of the Authority and is not secured by the Trust Estate. Regularly scheduled payments under such Derivative Products shall be deemed to be interest for purposes of Section 4.6(c)(i)(C) of the Master Indenture.

Obligation to Make Derivative Product Payments. The obligations of the Authority to make fixed rate interest payments to the Reciprocal Payors under the Derivative Products relating to the 2020A-1 2020D-2 Bonds are Class I Obligations under the Indenture, and the obligation of the Authority to make other payments under the Derivative Products is a General Obligation of the Authority and is not secured by the Trust Estate. Regularly scheduled payments under such Derivative Products shall be deemed to be interest for purposes of Section 4.6(c)(i)(C) of the Master Indenture.

Obligation to Make Derivative Product Payments. The obligations of the Authority to make fixed rate interest payments to the Reciprocal Payors under the Derivative Products relating to the 2020A-1 2018A-2 Bonds are Class I Obligations under the Indenture, and the obligation of the Authority to make other payments under the Derivative Products is a General Obligation of the Authority and is not secured by the Trust Estate. Regularly scheduled payments under such Derivative Products shall be deemed to be interest for purposes of Section 4.6(c)(i)(C) of the Master Indenture.