Common use of Swap Termination Payments Clause in Contracts

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.

Appears in 3 contracts

Samples: Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement

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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, to the payment of the Covered Notes or any other Payment Obligation hereunder.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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