Common use of Pledge and Assignment Clause in Contracts

Pledge and Assignment. (a) Subject only to the provisions of this Indenture permitting the application thereof for the purposes and on the terms and conditions set forth herein, there are hereby pledged to secure the payment of the principal of and interest on the Bonds in accordance with their terms and the provisions of this Indenture, all of the Payments and any other amounts (excluding proceeds of the sale of Bonds) held in any fund or account (other than the Rebate Fund) established pursuant to this Indenture. Said pledge shall constitute a lien on and security interest in such assets and shall attach and be valid and binding from and after delivery of the Bonds, without any physical delivery thereof or further act.

Pledge and Assignment. (a) Subject only to the provisions of this Indenture permitting the application thereof for the purposes and on the terms and conditions set forth herein, there are hereby pledged to secure the payment of the principal of and interest on the Bonds in accordance with their terms and the provisions of this Indenture, all of the Payments Revenues and any other amounts (excluding including proceeds of the sale of Bonds) held in any fund or account established pursuant to this Indenture (other than except the Rebate Fund) established pursuant are hereby pledged to secure the full payment of the principal of, redemption premium, if any, and interest on the Bonds, pari passu, in accordance with their terms and the provisions of this Indenture. Said pledge shall constitute a lien on and security interest in such assets and shall attach attach, be perfected and be valid and binding from and after delivery by the Trustee of the BondsBonds hereunder, without any physical delivery thereof or further act.

Pledge and Assignment. (a) Subject only to the provisions of this Indenture permitting the application thereof for the purposes and on the terms and conditions set forth herein, there are hereby pledged to secure the payment of the principal of of, Redemption Price and interest on the Bonds in accordance with their terms and the provisions of this Indenture, all of the Payments Revenues and any other amounts (excluding including proceeds of the sale of Bonds) ), held in any fund or account established pursuant to this Indenture (other than the Rebate Fund) established pursuant to this Indenture). Said pledge shall constitute a lien on and security interest in such assets and shall attach attach, be perfected and be valid and binding from and after delivery by the Trustee of the Bonds, without any physical delivery thereof or further act.