Common use of Refinancing Gain Clause in Contracts

Refinancing Gain. Developer shall pay to TxDOT 50% of any Refinancing Gain from a Refinancing. The Refinancing Gain shall be calculated after deducting payment of (i) TxDOT’s Recoverable Costs under Section 3.7.3 and (ii) Developer’s reasonable professional costs and expenses directly associated with the Refinancing.