Pledge of Net System Revenues; City Revenue Fund Sample Clauses

Pledge of Net System Revenues; City Revenue Fund. (a) All Net System Revenues are hereby irrevocably pledged to the payment of Parity Obligations as provided herein, and the Net System Revenues shall not be used for any other purpose while any Installment Payments remain unpaid; provided, that out of the Net System Revenues there may be apportioned such sums for such purposes as are expressly permitted by this article. This pledge, together with the pledge created by all other Parity Obligations, shall constitute a first and exclusive lien on the Net System Revenues for the payment of the Parity Obligations in accordance with the terms hereof.
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Related to Pledge of Net System Revenues; City Revenue Fund

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