Priority of Pledge. The within pledge is, or will be upon the acquisition of such shares by Pledgors, a first priority lien on such shares.
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 pledge made in Section 4.1 hereof of the Lease Payments payable under the Lease constitutes a first and prior pledge of and lien on said Lease Payments for the purpose of paying the principal installments of and interest on the Series 2021 Bond. Said pledge shall at no time be impaired by the Authority and said Lease Payments shall not otherwise be pledged.
Priority of Pledge. 43 SECTION 9.5. Maintenance, Repairs, Changes, Alterations, Taxes and Other Charges...................43
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. 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. Borrower hereby covenants and agrees at all times to keep the Collateral free from any attachments, encumbrances or other liens of any kind or nature, whether any such liens or encumbrances be prior to or subject and subordinate to the Pledge.
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
