Common use of Subordination to Bond Resolution Clause in Contracts

Subordination to Bond Resolution. A. This Agreement and all rights granted to AIRLINE hereunder are expressly subordinated and subject to the lien, covenants (including the rate covenants), and provisions of the pledges, transfer, hypothecation, or assignment made by AUTHORITY in the Bond Resolution. AUTHORITY and AIRLINE agree that to the extent required by the Bond Resolution or law, the holders of the Bonds or their designated representatives shall have the right to exercise any and all rights of AUTHORITY hereunder.

Subordination to Bond Resolution. A. This Agreement and all rights granted to AIRLINE hereunder are expressly subordinated and subject to the lien, covenants (including the rate covenants), lien and provisions of the pledges, transfer, hypothecation, or assignment made by AUTHORITY in the Bond Resolution. AUTHORITY and AIRLINE agree that to the extent required by the Bond Resolution or law, the holders of the Bonds or their designated representatives shall have the right to exercise any and all rights of AUTHORITY hereunder.

Subordination to Bond Resolution. A. 16.30.A This Agreement and all rights granted to AIRLINE of Airline hereunder are expressly subordinated subject and subject subordinate to the lien, covenants (including the rate covenants), lien and provisions of the pledgesany pledge, transfer, hypothecation, or assignment made at any time by AUTHORITY in Authority to secure Bond financing. This Agreement is subject and subordinate to the terms, covenants, and conditions of any Bond Resolution. AUTHORITY and AIRLINE agree that to the extent required by the Bond Resolution or law, the holders of the Bonds or their designated representatives shall have the right to exercise any and all rights of AUTHORITY hereunder.

Subordination to Bond Resolution. A. This Agreement and all rights granted to AIRLINE of Airline hereunder are expressly subordinated and subject to the lien, covenants (including the rate covenants), lien and provisions of the pledgesany pledge, transfer, hypothecation, or assignment made (at any time) by AUTHORITY in Authority to secure Bond financing. This Agreement is subject and subordinate to the terms, covenants, and conditions of the Bond ResolutionResolution authorizing the issuance of Bonds by Authority. AUTHORITY and AIRLINE agree that to the extent required by Authority may amend or modify the Bond Resolution or law, make any change thereto that does not materially adversely affect Airline rights under this Agreement. Conflicts between this Agreement and the holders Bond Resolution shall be resolved in favor of the Bonds or their designated representatives shall have the right to exercise any and all rights of AUTHORITY hereunderBond Resolution.