Common use of Project Trust and Security Instruments Clause in Contracts

Project Trust and Security Instruments. 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.

Project Trust and Security Instruments. 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.