Common use of Principal Facility Documents; Facility Trust and Security Instruments Clause in Contracts

Principal Facility Documents; Facility Trust and Security Instruments. 1.4.1 Concurrently with the Effective Date, Developer has entered into the Facility Trust Agreement and the other Facility Trust and Security Instruments. TxDOT is either a party thereto or an express, intended third party beneficiary thereof. Developer at its expense shall be solely responsible for posting any indemnity bond or other security the trustee may require in connection with its services under the Facility Trust Agreement.