Common use of Parity and Priority of Lien Clause in Contracts

Parity and Priority of Lien. The provisions, covenants and agreements herein set forth to be performed by or on behalf of the Authority shall be for the equal benefit, protection and security of the Noteholders of any and all of the Notes, all of which, shall be of equal rank without preference, priority or distinction of any of the Notes over any other thereof, except as expressly provided in this Indenture with respect to certain payment and other priorities, including priority of payment of the Class A Notes prior to payment of the Class B Notes.

Parity and Priority of Lien. The provisions, covenants and agreements herein set forth to be performed by or on behalf of the Authority shall be Issuer are for the equal benefit, protection and security of the Noteholders of any and all of the NotesNoteholders, all of which, regardless of the time or times of their issuance or maturity, shall be of equal rank without preference, priority or distinction of any of the Notes Obligations over any other thereof, except as expressly provided in this Indenture with respect to certain payment and other priorities, including priority of payment of the Class A Notes prior to payment of the Class B Notes.