Common use of Valid Perfected First Lien Clause in Contracts

Valid Perfected First Lien. 9 9.4 Release of Pledged Bonds........................................................................9 ARTICLE X MISCELLANEOUS.........................................................................................10 10.1 Transfer of Letter of Credit...................................................................10 10.2 Reduction of Letter of Credit..................................................................10 10.3 Liability of the Issuing Lender................................................................11

Valid Perfected First Lien. 9 34 9.4 Release of Pledged Bonds........................................................................9 ...........................................34 ARTICLE X MISCELLANEOUS.........................................................................................10 MISCELLANEOUS 10.1 Indemnification....................................................35 10.2 Transfer of Letter of Credit...................................................................10 10.2 .......................................36 10.3 Reduction of Letter of Credit..................................................................10 10.3 ......................................36 10.4 Liability of the Issuing Lender................................................................11Bank..............................................36 10.5 Successors and Assigns.............................................36 10.6 Notices............................................................37 10.7 Amendment..........................................................37