Priority of Pledge. The within pledge is, or will be upon the acquisition of such shares and warrants by Pledgors, a first priority lien on such shares and warrants.
Priority of Pledge. The pledge herein made of certain payments made by the Borrower hereunder shall at no time be impaired by the Authority and such payments shall not otherwise be pledged and no Persons shall have any rights with respect thereto except as provided herein.
Priority of Pledge. The Resolution provides the Bank with a valid pledge of the Pledged Property, the priority of which is set forth in the Resolution, and the Bank is required to take no further action to perfect or maintain this pledge.
Priority of Pledge. The Issuer covenants and agrees that it will not create any lien or claim upon the Revenues other than the liens and claims hereby created. Except for the assignment to the Trustee, the Issuer will not sell, lease or otherwise dispose of or encumber any of the Revenues, and will cooperate in causing to be discharged or satisfied any lien or charge on any part of the Trust Estate.
Priority of Pledge. Except for the assignment to the Bank under this Agreement and the Assignment of Note, the Issuer will not sell, lease or otherwise dispose of or encumber its interest in any part of the security for the Bonds, and will cooperate in causing to be discharged any encumbrances created by it with respect to any of the security for the Bonds.
Priority of Pledge. 43 SECTION 9.5. Maintenance, Repairs, Changes, Alterations, Taxes and Other Charges.................
Priority of Pledge. The pledge herein made of the Pledged Revenues and any other revenues and receipts from the Landfill shall be prior and superior to any pledge thereof hereafter made for the benefit of any other securities hereafter issued or any contract hereafter made by the Issuer. In the event that the Issuer should hereafter issue any other securities payable, in whole or in part, out of the revenues or receipts to be derived from the Landfill or for which any part of said revenues or receipts may be pledged or any part of the Landfill may be mortgaged, or in the event the Issuer should hereafter make any contract payable, in whole or in part, out of said revenues and receipts or for which any part of said revenues and receipts may be pledged or any part of the Landfill may be mortgaged, the Issuer will, in the proceedings under which any such securities or contract are hereafter authorized, recognize the priority of the pledge of said revenues and receipts made herein for the benefit of the Senior Bonds.
Priority of Pledge. 53 Section 8.3 Concerning the Lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Section 8.4
Priority of Pledge. The pledge herein made of the revenues and receipts from any leasing or sale of the Project shall be prior and superior to any pledge thereof hereafter made for the benefit of any other securities hereafter issued or any contract hereafter made by the Board. In the event the Board should hereafter issue any other securities payable, in whole or in part, out of the revenues or receipts to be derived from the leasing or sale of the Project or for which any part of said revenues or receipts may be pledged or any part of the Project may
Priority of Pledge. The pledge hereby made of the Pledged Estate constitutes a first and prior pledge thereof and shall not be impaired directly or indirectly by the Issuer and the payments, rents, revenues and receipts from the Project and the Issuer’s interest in the Lease Agreement shall not otherwise be pledged and no persons shall have any rights with respect thereto except as provided herein and in the Lease Agreement.
