Common use of Assignment of Revenues and Agreement Clause in Contracts

Assignment of Revenues and Agreement. To secure the payment of Bond Service Charges, the Issuer shall, by the Indenture, (a) absolutely and irrevocably assign to the Trustee, its successors in trust and its and their assigns forever, (1) all right, title and interest of the Issuer in and to all moneys and investments (including, without limitation, the proceeds of the Credit Facility) in the Bond Fund and (2) all of the Issuer's rights and remedies under this Agreement (except for the Unassigned Issuer Rights), and (b) grant a security interest to the Trustee, its successors in trust and its and their assigns forever, in all of its rights to and interest in the Revenues including, without limitation, all Loan Payments and other amounts receivable by or on behalf of the Issuer under the Agreement in respect of repayment of the Loan (other than the Credit Facility Account, all moneys and investments therein and the proceeds of the Credit Facility). The Company hereby agrees and consents to those assignments and that grant of a security interest.

Appears in 2 contracts

Samples: Loan Agreement (Cinergy Corp), Loan Agreement (Cinergy Corp)

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Assignment of Revenues and Agreement. To secure the payment of Bond Service Charges, the Issuer Authority shall, by the Indenture, (a) absolutely and irrevocably assign to the Trustee, its successors in trust and its and their assigns forever, (1) all right, title and interest of the Issuer Authority in and to all moneys and investments (including, without limitation, the proceeds of the Credit Facility) in the Bond Fund and (2) all of the IssuerAuthority's rights and remedies under this Agreement (except for the Unassigned Issuer Authority Rights), and (b) grant a security interest to the Trustee, its successors in trust and its and their assigns forever, in all of its rights to and interest in the Revenues including, without limitation, all Loan Payments and other amounts receivable by or on behalf of the Issuer Authority under the Agreement in respect of repayment of the Loan (other than the Credit Facility Account, all moneys and investments therein and the proceeds of the Credit Facility). The Company hereby agrees and consents to those assignments and that grant of a security interest.

Appears in 2 contracts

Samples: Loan Agreement (Cinergy Corp), Loan Agreement (Cincinnati Gas & Electric Co)

Assignment of Revenues and Agreement. To secure the payment of Bond Service Charges, the Issuer shall, by the Indenture, (a) absolutely and irrevocably assign to the Trustee, its successors in trust and its and their assigns forever, (1) all right, title and interest of the Issuer in and to all moneys and investments (including, without limitation, the proceeds of the Credit Facility) in the Bond Fund and (2) all of the Issuer's rights and remedies under this Agreement (except for the Unassigned Issuer Rights), and (b) grant a security interest to the Trustee, its successors in trust and its and their assigns forever, in all of its rights to and interest in the Revenues including, without limitation, all Loan Payments and other amounts receivable by or on behalf of the Issuer under the Agreement in respect of repayment of the Loan (other than the Credit Facility Account, all moneys and investments therein and the proceeds of the any Credit Facility). The Company hereby agrees and consents to those assignments and that grant of a security interest.

Appears in 1 contract

Samples: Loan Agreement (Psi Energy Inc)

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Assignment of Revenues and Agreement. To secure the payment of Bond Service Charges, the Issuer Authority shall, by the Indenture, (a) absolutely and irrevocably assign to the Trustee, its successors in trust and its and their assigns forever, (1) all right, title and interest of the Issuer Authority in and to all moneys and investments (including, without limitation, the proceeds of the Credit Facility) in the Credit Facility Account in the Bond Fund and (2) all of the IssuerAuthority's rights and remedies under this Agreement (except for the Unassigned Issuer Authority Rights), and (b) grant a security interest to the Trustee, its successors in trust and its and their assigns forever, in all of its rights to and interest in the Revenues including, without limitation, all Loan Payments and other amounts receivable by or on behalf of the Issuer Authority under the Agreement in respect of repayment of the Loan (other than the Credit Facility Account, all moneys and investments therein and the proceeds of the Credit Facility). The Company hereby agrees and consents to those assignments and that grant of a security interest.

Appears in 1 contract

Samples: Loan Agreement (Psi Energy Inc)

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