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.
Appears in 6 contracts
Samples: Development Agreement, Development Agreement, Comprehensive Development Agreement
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 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 Project Trust Agreement.
Appears in 3 contracts
Samples: Comprehensive Development Agreement, Development Agreement, Development Agreement
