Examples of Prior Contract in a sentence
The City hereby creates and grants a lien in favor of the Authority on any and all revenues realized by the City from such tax, to make the payments that are required under Section 5.1(a) and (b) of this Contract, which lien is superior to any that can hereafter be created, except that this lien shall be on a parity basis with the lien on such revenues created by the Prior Contract and may be extended to cover any Additional Contracts, as permitted by Section 5.2(d) hereof.
The City represents that there is not presently in force and effect any other contract or agreement that obligates the City to levy the Tax to provide revenues to fulfill the City’s obligations under such contract or agreement, except for the Prior Contract.
Other than the Prior Contract, the City is not subject to any bylaw or contractual or other limitation or provision of any nature whatsoever that in any way limits, restricts, or prevents it from entering into this Contract and performing its obligations hereunder.
The City has obtained documentation evidencing that the conditions of the Prior Contract have been satisfied, in order to permit the Authority and the City to enter into this Contract, which documentation is attached to this Contract as Exhibit C.