Common use of Security for Bonds Clause in Contracts

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. The Issuer has by Ordinance pledged the Project and the net revenues rentals 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. The Issuer has by Ordinance Resolution pledged the Project and the net revenues rentals 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.