Valid Lien. The Ordinance, together with this Agreement, creates a valid lien on, pledge of, and security interest in the Security as security for the Commercial Paper Notes and the Bank Note and for the repayment of the City’s obligations under this Agreement and the other Related Documents, and all action necessary to perfect the lien on, pledge of, and security interest of the Bank in the Security has been duly and validly taken.
Appears in 6 contracts
Samples: Revolving Credit Agreement, Revolving Credit Agreement, Revolving Credit Agreement
Valid Lien. The Ordinance, together with this Agreement, creates a valid lien on, pledge of, and security interest in the Security as security for the Commercial Paper Notes and the Bank Note and for the repayment of the City’s obligations under this Agreement and the other Related Documents, and all action necessary to perfect the lien on, pledge of, and security interest of the Bank in the Security has been duly and validly taken.
Appears in 3 contracts
Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement
