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.
Appears in 3 contracts
Samples: Reimbursement Agreement, Reimbursement Agreement, Reimbursement Agreement
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.priority
Appears in 2 contracts
Swap Termination Payments. From the date hereof, In no event shall any Lien on the Security securing any swap termination payments payable from Pledged Revenues shall be senior first in priority to or pari passu with the Lien on the Security granted in support of the Parity Bonds and the Obligations under the Ordinance.
Appears in 1 contract
Samples: Reimbursement Agreement
