Common use of No Prior Liens Clause in Contracts

No Prior Liens. Except to the extent set forth in or contemplated in the Interlocal Agreement, the Authority has never issued, assumed, guaranteed or otherwise become liable in respect of any bonds, notes, contracts, arrangements or obligations of any kind whatsoever that might give rise to any lien or encumbrance on the Net Revenues.

Appears in 2 contracts

Sources: Secured Loan Agreement, Term Sheet