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. 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. 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. 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 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. The Borrower is not a party to any Swap Contract that is related to the Reimbursements.
Swap Termination Payments. The Agency shall not enter into any Swap Contract (a) under which a termination payment would be required to be paid from any portion of the Collateral on a basis senior to or on a parity with the lien on the Collateral securing the Payment Obligations or (b) which requires the Agency to post cash collateral to secure its obligations thereunder.
Swap Termination Payments. The Authority 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 Notes, the Bank Note and Advances or that requires the Authority to cash collateralize its obligations thereunder.
Swap Termination Payments. Subsequent to the Closing Date, the Authority shall not enter into any additional Swap Contract unless (i) any and all termination payments that may become owing by the Authority shall be subordinate to all amounts payable to the Bank hereunder and (ii) such Swap Contract does not require the Authority to cash collateralize amounts payable by the Authority thereunder. The Authority shall not permit any Lien on any portion of the Net Pledged Revenues securing any swap termination payments to be pari passu with or senior to the Lien on the Net Pledged Revenues created pursuant to the Trust Agreement or the Issuing and Paying Agency Agreement to secure the payment of the principal of and interest on the Notes, the Bank Note, the Advances and Reimbursement Obligations.
Swap Termination Payments. The Trustee shall pay any Swap Termination Payments then due and payable to the applicable Counterparty.
