Common use of Financial Obligation Clause in Contracts

Financial Obligation. The Reimbursement Obligation established by this Agreement is and shall be financial obligation of the Financing Entity and constitutes a “Bond” as such term is used under the Resolution. The Authority has elected to apply the provisions of Section ▇▇-▇▇-▇▇▇, C.R.S., to this Agreement. Creation, perfection, enforcement and priority of the pledge of the Pledged Revenues as provided herein shall be governed by Section ▇▇-▇▇-▇▇▇, C.R.S. and this Agreement. Other than the pledge of the Pledged Revenues under the Indenture, the lien of the pledge on the Pledged Revenues under this Agreement and the obligation to perform the contractual provisions made herein shall have priority over any of all other obligations and liabilities of the Financing Entity with respect to the Pledged Revenues.

Financial Obligation. The Reimbursement Obligation established by this Agreement Memorandum is and shall be a financial obligation of the Financing Entity and constitutes a “Bond” as such term is used under the Resolution. The Authority has elected to apply the provisions of Section ▇▇-▇▇-▇▇▇, C.R.S., to this AgreementMemorandum. Creation, perfection, enforcement and priority of the pledge of the Pledged Revenues as provided herein shall be governed by Section ▇▇-▇▇-▇▇▇, C.R.S. and this AgreementMemorandum. Other than the pledge of the Pledged Revenues under the Indenture, the lien of the pledge on the Pledged Revenues under this Agreement Memorandum and the obligation to perform the contractual provisions made herein shall have priority over any of all other obligations and liabilities of the Financing Entity with respect to the Pledged Revenues.

Financial Obligation. The Reimbursement Obligation established by this Agreement is and shall be a limited financial obligation of the Financing Entity and constitutes a “Bond” as such term is used under the Resolution. The Authority has elected to apply the provisions of Section ▇▇-▇▇-▇▇▇, C.R.S., to this Agreement. Creation, perfection, enforcement and priority of the pledge of the Pledged Revenues as provided herein shall be governed by Section ▇▇-▇▇-▇▇▇, C.R.S. and this Agreement. Other than the pledge of the Pledged Revenues under the Indenture, the The lien of the pledge on the Pledged Revenues under this Agreement and the obligation to perform the contractual provisions made herein shall have priority over any of all other obligations and liabilities of the Financing Entity with respect to the Pledged Revenues.