Common use of Project Financing Agreements; Department’s Rights and Protections Clause in Contracts

Project Financing Agreements; Department’s Rights and Protections. (a) From time to time during the Term, the Concessionaire has the right, at its sole cost and expense, to pledge, hypothecate or assign the Gross Revenues and the Concessionaire’s Interest as security for any Concessionaire Debt, such debt to be issued on such terms and conditions as may be acceptable to any Lender and the Concessionaire, subject to the following terms and conditions (such pledge, hypothecation, assignment, or other security instrument, including the Initial Project Financing Agreements, being referred to in this Agreement as a “Financing Assignment”):

Project Financing Agreements; Department’s Rights and Protections. (a) From time to time during the Term, the Concessionaire has the right, at its sole cost and expense, to pledge, hypothecate or assign the Gross Revenues and the Concessionaire’s Interest (but not less than the entire Concessionaire’s Interest) as security for any Concessionaire Debt, such debt to be issued on such terms and conditions as may be acceptable to any Lender and the Concessionaire, subject to the following terms and conditions (such pledge, hypothecation, assignment, or other security instrument, including the Initial Project Financing Agreements, being referred to in this Agreement as a “Financing Assignment”):

Project Financing Agreements; Department’s Rights and Protections. (a) From time to time during the Term, the Concessionaire has the right, at its sole cost and expense, to pledge, hypothecate hypothecate, or assign the Gross Revenues and the Concessionaire’s Interest as security for any Concessionaire Debt, such debt to be issued on such terms and conditions as may be acceptable to any Lender and the Concessionaire, subject to the following terms and conditions (such pledge, hypothecation, assignment, or other security instrument, including the Initial Project Financing Agreements, the 395 Project Financing Agreements, and the Xxxx Ex Project Financing Agreements being referred to in this Agreement as a “Financing Assignment”):