Common use of Developer Right and Responsibility to Finance Clause in Contracts

Developer Right and Responsibility to Finance. 4.1.1 Developer may grant security interests in or assign the entire Developer’s Interest (but not less than the entire Developer’s Interest) to Lenders for purposes of securing the Project Debt, subject to the terms and conditions contained in this Agreement and the Lease. Developer is strictly prohibited from pledging or encumbering the Developer’s Interest, or any portion thereof, to secure any indebtedness of any Person other than (a) Developer,

Developer Right and Responsibility to Finance. 4.1.1 Developer may grant security interests in or assign the entire Developer’s Interest (but not less than the entire Developer’s Interest) to Lenders for purposes of securing the Project Facility Debt, subject to the terms and conditions contained in this Agreement and the Lease. Developer is strictly prohibited from pledging or encumbering the Developer’s Interest, or any portion thereof, to secure any indebtedness of any Person other than (a) Developer,