Assignment of Revenues by City. The City shall assign and pledge any rents, revenues and receipts receivable under this Lease, to the Trustee pursuant to the Indenture as security for payment of the principal of and interest and premium, if any, on the Bonds, and the Developer hereby consents to such pledge and assignment.
Appears in 7 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
Assignment of Revenues by City. The City shall assign and pledge any rents, revenues and receipts receivable under this LeaseLease and all interest in the Project, to the Trustee pursuant to the Indenture as security for payment of the principal of and of, interest and premium, if any, on the Bonds, Bonds and the Developer Company hereby consents to such pledge and assignment.
Appears in 3 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
Assignment of Revenues by City. The City shall assign and pledge any rents, revenues and receipts receivable under this Lease, to the Trustee pursuant to the Indenture as security for payment of the principal of and of, interest and premium, if any, on the Bonds, Bonds and the Developer Company hereby consents to such pledge and assignment. The City and the Company recognize that the Trustee is a third party creditor-beneficiary of this Lease.
Appears in 1 contract
Samples: Lease Agreement
Assignment of Revenues by City. The City shall assign and pledge any rents, revenues and receipts receivable under this Lease, to the Trustee pursuant to the Indenture as security for payment of the principal of and interest and premium, if any, on the Bonds, Bonds and the Developer Company hereby consents to such pledge and assignment.
Appears in 1 contract
Assignment of Revenues by City. The Company understands that the City shall will, pursuant to the Indenture, pledge and assign and pledge any certain rents, revenues and receipts receivable under this Lease, Lease to the Trustee pursuant to the Indenture as security for payment of the principal of and interest and premium, if any, on the Bonds, and the Developer Company hereby consents to such pledge and assignment.
Appears in 1 contract
Samples: Lease Agreement
Assignment of Revenues by City. The Concurrently with the execution of this Lease, the City shall assign has assigned and pledge pledged any rents, revenues and receipts receivable under this Lease, to the Trustee pursuant to the Indenture as security for payment of the principal of and of, interest and premium, if any, on the Bonds, Bonds and the Developer Lessee hereby consents to such pledge and assignment.
Appears in 1 contract
Samples: Lease Agreement
Assignment of Revenues by City. The City shall assign and pledge any rents, revenues and receipts receivable under this LeaseLease and all interest in the Project, to the Trustee pursuant to the Indenture and the Deed of Trust as security for payment of the principal of and of, interest and premium, if any, on the Bonds, Bonds and the Developer Company hereby consents to such pledge and assignment.
Appears in 1 contract
Samples: Lease Agreement