Project Trust and Security Instruments Sample Clauses

Project Trust and Security Instruments. 1.4.1 Concurrently with the Effective Date Developer has entered into the Project Trust Agreement and the other Project Trust and Security Instruments. TxDOT is 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 Project Trust Agreement.
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Related to Project Trust and Security Instruments

  • Credit Union Lien and Security Interest To the extent you owe the Credit Union money as a borrower, guarantor, indorser or otherwise, the Credit Union has a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. The Credit Union may apply these funds in any order to pay off your indebtedness without further notice to you. If the Credit Union chooses not to enforce its lien, the Credit Union does not waive its right to enforce the lien at a later time. In addition, you grant the Credit Union a consensual security interest in your accounts and agree the Credit Union may use the funds from your accounts to pay any debt or amount owed the Credit Union, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are nonassignable and nontransferable to third parties.

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