Common use of Refinancing Gain Clause in Contracts

Refinancing Gain. TxDOT’s rights to a portion of any Refinancing Gain, and to gain from an initial financing with PABs or TIFIA where not indicated in the Facility Plan of Finance, are set forth in Part B of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amount as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Facility pursuant to the Lease. For federal income tax purposes, the payment to TxDOT of Refinancing Gain or gain from such an initial financing is allocated as set forth in Part B of Exhibit 7.

Refinancing Gain. TxDOT’s rights to a portion of any Refinancing Gain, Gain and to gain from an initial financing with PABs or TIFIA where to the extent not indicated in the Facility Project Plan of Finance, Finance are set forth in Part B D of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amount as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Facility Project pursuant to the Lease. For federal income tax purposes, the payment to TxDOT of Refinancing Gain or gain from such an initial financing is allocated as set forth in Part B D of Exhibit 7.

Refinancing Gain. TxDOT’s rights to a portion of any Refinancing Gain, and to gain from an initial financing with PABs or TIFIA where not indicated in the Facility Plan of Finance, are set forth in Part B of Exhibit 7. Xxxxxxxxx Developer agrees to pay TxDOT such amount as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Facility pursuant to the Lease. For federal income tax purposes, the payment to TxDOT of Refinancing Gain or gain from such an initial financing is allocated as set forth in Part B of Exhibit 7.