Security for and Parity of Lessor Notes. All Lessor Notes issued and outstanding hereunder shall rank on a parity with each other and with the issuer of the Debt Service Reserve Letter of Credit and shall as to each other be secured equally and ratably by this Lease Indenture, without preference, priority or distinction of any thereof over any other by reason of difference in time of issuance or otherwise.
Appears in 3 contracts
Samples: Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Eme Homer City Generation Lp
Security for and Parity of Lessor Notes. All Lessor Notes issued and outstanding hereunder shall rank on a parity with each other and with the issuer of the each Debt Service Reserve Letter of Credit Secured Party and shall as to each other be secured equally and ratably by this Lease Indenture, without preference, priority or distinction of any thereof over any other by reason of difference in time of issuance or otherwise.
Appears in 2 contracts
Samples: Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp)
Security for and Parity of Lessor Notes. All Lessor Notes issued and outstanding hereunder shall rank on a parity with each other and with the issuer of the Debt Service Reserve Letter of Credit and shall as to each other be secured equally and ratably by this Lease Indenture, without preference, priority or distinction of any thereof over any other by reason of difference in time of issuance or otherwise.. SECTION 2.17
Appears in 2 contracts
Samples: Assumption Agreement (Edison Mission Energy), Edison Mission Energy
