Common use of Subordinate Xxxx Xxxxx or Separate Lien Obligations Clause in Contracts

Subordinate Xxxx Xxxxx or Separate Lien Obligations. There are no obligations of the City payable from or secured by Net Revenues on a basis senior to the Notes or the obligations of the City under this Agreement other than the Subordinate Xxxx Xxxxx and Separate Lien Obligations. The Subordinate Xxxx Xxxxx are scheduled to mature on May 15, 2025, and upon their final maturity, any reference to Subordinate Xxxx Xxxxx in this Agreement shall be surplusage and of no force or effect and no Subordinate Xxxx Xxxxx shall be issued thereafter.

Subordinate Xxxx Xxxxx or Separate Lien Obligations. There are no obligations of the City payable from or secured by Net Revenues on a basis senior to the Notes Commercial Paper Notes, the Bank Note or the obligations of the City under this Agreement other than the Subordinate Xxxx Xxxxx and Separate Lien Obligations. The Subordinate Xxxx Xxxxx are scheduled to mature on May 15, 2025, and upon their final maturity, any reference to Subordinate Xxxx Xxxxx in this Agreement shall be surplusage and of no force or effect and no Subordinate Xxxx Xxxxx shall be issued thereafter.