Instrument of Credit. For Security Instruments which are Instruments of Credit, any Instrument of Credit shall be an assignment of deposit account assigning as security to City all of Developer’s interest in funds on deposit in one or more bank accounts with financial institutions acceptable to City.
Appears in 3 contracts
Samples: Disposition and Development Agreement, Public Improvement Agreement, Public Improvement Agreement
Instrument of Credit. For Security Instruments which are Instruments of Credit, any Instrument of Credit shall be an assignment of deposit account assigning as security to City all of DeveloperSubdivider’s interest in funds on deposit in one or more bank accounts with financial institutions acceptable to City.
Appears in 1 contract
Samples: Subdivision Improvement Agreement
