Security for Bonds. The Issuer has by Ordinance pledged the Project and the net revenues generated by the Issuer under the Project Lease as security for payment of the principal of, redemption premium, if any, and interest on the Bonds.
Security for Bonds. (a) In order to provide for and secure the payment of the principal of and the premium, if any, and interest on the Bonds of all Series issued hereunder, and to secure the performance of all of the obligations of NVTC with respect to such Bonds, this Master Indenture and the Series Supplements, subject to the terms hereof and thereof, NVTC hereby pledges, assigns and grants to the Trustee:
Security for Bonds. (a) In order to provide for the payment of the principal of and the premium, if any, and interest on the Bonds and Subordinate Obligations issued hereunder, and to secure the performance of all of the obligations of HRTAC with respect to the Bonds, the Subordinate Obligations, this Master Indenture and the Series Supplements, subject to the terms hereof and thereof, HRTAC pledges and grants to the Trustee:
Security for Bonds. Bonds of a new Series may from, time to time, be executed by the Depositor and delivered to the Trustee for authentication, and thereupon the same shall be authenticated and delivered to the Depositor by the Trustee upon Depositor Order and upon delivery by the Depositor to the Trustee, and receipt by the Trustee, of the following:
Security for Bonds. This Indenture constitutes a continuing, irrevocable pledge of the Pledged Revenues and certain other funds of the Authority pledged in Article II to secure payment of the principal of and redemption premium, if any, and interest on all Bonds that may, from time to time, be executed, authenticated and delivered under this Indenture. Except as otherwise provided in this Indenture, Bonds will in all respects be equally and ratably secured under this Indenture with other Bonds without preference, priority or distinction on account of the time of their authentication, delivery or maturity, so that Bonds at any time Outstanding under this Indenture will have the same right, lien and preference under this Indenture with like effect as if they had all been executed, authenticated and delivered simultaneously with other Bonds.
Security for Bonds. The Bonds are to be issued under and secured by the Indenture, pursuant to which the Issuer’s right, title and interest in this Lease (except for certain rights of indemnification and payment of expenses), and the rents, revenues and receipts arising out of or in connection with the Issuer’s ownership of the Project will be assigned to the Trustee and pledged as security for the payment of the principal of and interest on the Bonds.
Security for Bonds. The Bonds are to be issued under and secured by the Financing Agreement, pursuant to which the Issuer’s right, title and interest in this Lease (except for certain rights of indemnification and payment of expenses), and the rents, revenues and receipts arising out of or in connection with the Issuer’s ownership of the Project will be assigned to the Bondholder and pledged as security for the payment of the principal of and interest on the Bonds. In addition, the Issuer will execute and deliver the Security Deed conveying to the Bondholder a security interest in the Project, as additional security for the payment of the principal of and interest on the Bonds.
Security for Bonds. The Issuer acknowledges that the only security for the Bonds will be the Pledged Revenues and any other moneys deposited in the funds and accounts created under the Indenture (except the Rebate Fund and the Purchase Fund) and, when required by the terms of the Indenture, the Letter of Credit. Pursuant to Section 4.3 hereof, at the election of the Borrower, the Borrower may cause a Credit Facility to be delivered to the Trustee to secure the Bonds.
Security for Bonds. The Indenture creates a valid pledge of, and first lien upon, Revenues deposited thereunder and the moneys in certain funds and accounts established under the Indenture, subject in all cases to the provisions of the Indenture permitting the application thereof for the purposes and on the terms and conditions set forth therein.
