Swap Termination Payments. In the event an Early Termination Date is designated with respect to which this Transaction is an Affected Transaction, there shall be payable to Party A as a termination payment in lieu of the termination payment determined in accordance with Section 6(e) of the Agreement an amount equal to the excess (if any) of the sale proceeds (or redemption proceeds), excluding accrued interest, of the Bonds in excess of the Strike Price.
Swap Termination Payments. In the event an Early Termination Date is designated with respect to which this Transaction is an Affected Transaction (other than as a result of a self-tender), there shall be payable to Party A as a termination payment in lieu of the termination payment determined in accordance with Section 6(e) of the Agreement an amount equal to the excess (if any) of the sale proceeds in excess of the principal of and interest on the Units. If an early termination occurs due to a tender of the Bonds to the Bond Issuer, the Swap Termination Payment shall be determined under Section 6(e) determined on the basis of "Market Quotation" under the Swap Agreement (with Party B as sole Affected Party). If an early termination occurs due to a tender of the Bonds to the Bond Issuer, the Swap Termination Payment shall be paid prior to any payment on the Units.
Swap Termination Payments. The City shall not allow any Lien on General Airport Revenues securing any termination payment under any Swap Contract providing interest rate support to any Senior and Parity Debt to be first in priority to, or on parity with, the payment of the Covered Notes or any other Payment Obligation hereunder.
Swap Termination Payments. After the Effective Date, the City will not enter into any new Swap Contract or amend any existing Swap Contract with respect to any Pledged Revenues (i) wherein any termination payments or settlement amounts are senior to or on parity with the payment of the Commercial Paper Notes or the Obligations hereunder or (ii) which requires the City to post cash collateral to secure its obligations thereunder, in each case, without the prior written consent of the Bank.
Swap Termination Payments. From the date hereof, no Lien on the Security securing any swap termination payments payable from Pledged Revenues shall be senior in priority to or pari passu with the Lien on the Security granted in support of the Parity Obligations under the Ordinance.
Swap Termination Payments. The Borrower is not a party to any Swap Contract that is related to the Reimbursements.
Swap Termination Payments. There is no lien on the Net Revenues securing any swap termination payments payable pursuant to any Swap Contract entered into by the City that is superior in priority to or on a parity with the lien securing the Bonds, the Bank Bonds and any other Obligations owed to the Bank hereunder or under the Bank Fee Agreement.
Swap Termination Payments. The Department is not a party to any Swap Contract that provides that any termination payment thereunder is payable from or secured by Revenues on a basis that is senior to or on a parity with the lien securing the Bank Notes, the Advances, the Revolving Loans and the Term Loans.
Swap Termination Payments. In no event will the Department permit any Lien on any portion of the Revenues securing any termination payment pursuant to any Swap Contract to be pari passu with or senior to the lien on Revenues securing the Bank Notes, the Advances, the Revolving Loans, the Terms Loans and the other obligations of Department hereunder. The Department shall not, without the written consent of the Bank, enter into any Swap Contract relating to Indebtedness secured by Revenues which requires the Department to post collateral to secure its obligations thereunder.
Swap Termination Payments. Other than in connection with an Underlying Call or Redemption, if an early termination occurs, the Swap Termination Payment shall be determined under Section 6(e) determined on the basis of "Market Quotation" under the Swap Agreement (with Party B as sole Affected Party). If the related Termination Event is also a Trust Wind-Up Event (as defined in the Trust Agreement), Party A shall pay the lesser of (i) the amount so determined or (ii) the difference between the aggregate Unit Principal Balance (as defined in the Trust Agreement) of the Units (as defined in the Trust Agreement) and the proceeds of the sale or liquidation of the Securities (as defined in the Trust Agreement). No Swap Termination Payment shall be payable in connection with an Underlying Call or Redemption with respect to the portion of the Swap Notional Amount affected by such Underlying Call or Redemption. This Paragraph does not limit or affect the Alternative Settlement Provisions hereof.
