Swap Termination Payments. In the event an Early Termination Date is designated with respect to which this Transaction is an Affected Transaction, there shall be payable to Party A as a termination payment in lieu of the termination payment determined in accordance with Section 6(e) of the Agreement an amount equal to the excess (if any) of the sale proceeds (or redemption proceeds), excluding accrued interest, of the Bonds in excess of the Strike Price.
Swap Termination Payments. After the Effective Date, the City will not enter into any new Swap Contract or amend any existing Swap Contract with respect to any Pledged Revenues (i) wherein any termination payments or settlement amounts are senior to or on parity with the payment of the Commercial Paper Notes or the Obligations hereunder or (ii) which requires the City to post cash collateral to secure its obligations thereunder, in each case, without the prior written consent of the Bank.
Swap Termination Payments. From the date hereof, no Lien on the Security securing any swap termination payments payable from Pledged Revenues shall be senior in priority to or pari passu with the Lien on the Security granted in support of the Parity Obligations under the Ordinance.
Swap Termination Payments. In the event an Early Termination Date is designated with respect to which this Transaction is an Affected Transaction (other than as a result of a self-tender), there shall be payable to Party A as a termination payment in lieu of the termination payment determined in accordance with Section 6(e) of the Agreement an amount equal to the excess (if any) of the sale proceeds in excess of the principal of and interest on the Units. If an early termination occurs due to a tender of the Bonds to the Bond Issuer, the Swap Termination Payment shall be determined under Section 6(e) determined on the basis of "Market Quotation" under the Swap Agreement (with Party B as sole Affected Party). If an early termination occurs due to a tender of the Bonds to the Bond Issuer, the Swap Termination Payment shall be paid prior to any payment on the Units.
Swap Termination Payments. The City shall not allow any Lien on General Airport Revenues securing any termination payment under any Swap Contract providing interest rate support to any Senior and Parity Debt to be first in priority to, or on parity with, the payment of the Covered Notes or any other Payment Obligation hereunder.
Swap Termination Payments. The Borrower is not a party to any Swap Contract that is related to the Reimbursements.
Swap Termination Payments. The District shall ensure that all termination payments, if any, under any interest rate swap agreement or similar instrument that are secured by Revenues shall be expressly subordinate to the repayment of the Bonds and Reimbursement Obligations.
Swap Termination Payments. If an early termination occurs due to a redemption of all of the Securities held by the Trust, payments shall be made as otherwise provided in this Confirmation. If an early termination occurs other than due to a redemption by the Security Issuer of all of the Securities held by the Trust and such termination occurs after a Party A Payment Date occurring with respect to March 31 or September 30 and on which Party A makes a payment but before Party B pays its next scheduled payment to Party A, the Swap Termination Payment shall equal the amount paid by Party A on such Party A Payment Date together with interest at the rate of 8.07% (on the Party B Fixed Rate basis), as determined by the Calculation Agent.
Swap Termination Payments. In no event shall (i) any Lien on the Revenues securing any swap termination payments be first in priority to or pari passu with the Lien granted in support of the Installment Payments and the Reimbursement Obligations under the Installment Purchase Contract or (ii) the City xxxxx x Xxxx on any Property of the Water System other than Net System Revenues granted to secure the counterparty to any Swap Contract.
Swap Termination Payments. In no event will the Department permit any Lien on any portion of the Revenues securing any termination payment pursuant to any Swap Contract to be pari passu with or senior to the lien on Revenues securing the Bank Notes, the Advances, the Revolving Loans, the Terms Loans and the other obligations of Department hereunder. The Department shall not, without the written consent of the Bank, enter into any Swap Contract relating to Indebtedness secured by Revenues which requires the Department to post collateral to secure its obligations thereunder.
